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WIC

Water Island Capital Portfolio holdings

AUM $896M
1-Year Est. Return 107.59%
This Fund
S&P 500
This Quarter Est. Return
+28.81%
1 Year Est. Return
+107.59%
3 Year Est. Return
+414.38%
5 Year Est. Return
+1,508.69%
10 Year Est. Return
+23,520.55%
AUM
$2B
AUM Growth
+$657M
Cap. Flow
+$562M
Cap. Flow %
28.13%
Top 10 Hldgs %
44.33%
Holding
190
New
81
Increased
28
Reduced
15
Closed
47

Top Buys

Rank Stock Value
1
FDC
First Data Corporation
FDC
+$80.3M
2
LLL
L3 Technologies, Inc.
LLL
+$78M
3
RHT
Red Hat Inc
RHT
+$74.3M
4
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$67.4M
5
LXFT
Luxoft Holding, Inc.
LXFT
+$65.2M

Top Sells

Rank Stock Value
1
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
+$135M
2
VVC
Vectren Corporation
VVC
+$105M
3
DNB
Dun & Bradstreet
DNB
+$70.5M
4
IMPV
Imperva, Inc.
IMPV
+$70.2M
5
MBFI
MB Financial Corp
MBFI
+$55.6M

Sector Composition

Rank Sector Weight
1 Technology 18.68%
2 Communication Services 14.16%
3 Materials 9.72%
4 Industrials 5.96%
5 Financials 5.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRCO
1
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$159M 7.95%
3,445,396
+1,465,599
+74% +$67.4M
RHT
2
DELISTED
Red Hat Inc
RHT
$111M 5.53%
605,253
+414,277
+217% +$74.3M
LLL
3
DELISTED
L3 Technologies, Inc.
LLL
$96.1M 4.81%
465,501
+393,654
+548% +$78M
FDC
4
DELISTED
First Data Corporation
FDC
$88.8M 4.44%
+3,381,262
New +$80.3M
NAVG
5
DELISTED
Navigators Group Inc
NAVG
$79.2M 3.96%
1,133,841
+598,965
+112% +$41.8M
IDTI
6
DELISTED
Integrated Device Technology I
IDTI
$78M 3.9%
1,592,522
+815,720
+105% +$39.5M
VSM
7
DELISTED
Versum Materials, Inc.
VSM
$76.5M 3.82%
+1,519,573
New +$60.5M
LXFT
8
DELISTED
Luxoft Holding, Inc.
LXFT
$67.3M 3.37%
+1,147,064
New +$65.2M
ULTI
9
DELISTED
Ultimate Software Group Inc
ULTI
$65.7M 3.29%
+198,944
New +$61M
MLNX
10
DELISTED
Mellanox Technologies, Ltd.
MLNX
$64.9M 3.25%
+548,700
New +$55.2M
USG
11
DELISTED
Usg
USG
$64.8M 3.24%
1,495,856
+946,939
+173% +$40.8M
ONCE
12
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
$63M 3.15%
+553,639
New +$40.7M
ARRS
13
DELISTED
ARRIS International plc Ordinary Shares
ARRS
$60.4M 3.02%
+1,911,973
New +$60M
STI
14
DELISTED
SunTrust Banks, Inc.
STI
$60.1M 3.01%
+1,014,466
New +$62.1M
ELLI
15
DELISTED
Ellie Mae Inc
ELLI
$58.8M 2.94%
+596,223
New +$51.8M
OAK
16
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
$55.3M 2.77%
+1,113,860
New +$48.4M
TVPT
17
DELISTED
Travelport Worldwide Limited
TVPT
$54.2M 2.71%
3,447,252
+1,668,261
+94% +$26.2M
GG
18
DELISTED
Goldcorp Inc
GG
$49.8M 2.49%
+4,352,296
New +$46.7M
BEL
19
DELISTED
Belmond Ltd.
BEL
$44.9M 2.25%
1,802,371
+845,771
+88% +$21M
HIFR
20
DELISTED
InfraREIT, Inc.
HIFR
$38.2M 1.91%
1,822,688
+569,889
+45% +$12.1M
WP
21
DELISTED
Worldpay, Inc.
WP
$36.1M 1.8%
+317,740
New +$28.8M
WBC
22
DELISTED
WABCO HOLDINGS INC.
WBC
$34.2M 1.71%
+259,649
New +$32M
QTNA
23
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
$26.2M 1.31%
+1,078,000
New +$18.8M
PACB icon
24
Pacific Biosciences
PACB
$422M
$26.2M 1.31%
3,623,677
+2,259,146
+166% +$16.3M
NCOM
25
DELISTED
National Commerce Corporation
NCOM
$25.4M 1.27%
648,037
+536,540
+481% +$21.9M
1
2 3 4 5

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Water Island Capital's Q1 2019 Portfolio in Review

As of Q1 2019, Water Island Capital held 190 positions worth $2B, up 49% from $1.34B the previous quarter. Its ten largest holdings account for 44% of the portfolio.

Water Island Capital deployed $562M of net new capital in Q1 2019, opening 81 new positions and adding to 28 existing holdings. Its largest new stake was First Data Corporation: 3,381,262 shares worth $88.8M.

By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 17% a quarter earlier, followed by Communication Services and Materials.

On the sell side, the largest reduction was Upbound Group, an estimated $35.6M trimmed.

  • Water Island Capital's largest Q1 2019 buy was First Data Corporation: 3,381,262 shares worth $88.8M.
  • Water Island Capital added most to L3 Technologies, Inc. in Q1 2019, an estimated $78M increase.
  • Water Island Capital's biggest Q1 2019 reduction was Upbound Group, cutting an estimated $35.6M.
  • Water Island Capital fully exited Twenty-First Century Fox, Inc. Class A in Q1 2019, selling an estimated $135M.
  • Water Island Capital's ten largest holdings make up 44% of its $2B portfolio in Q1 2019.
  • Water Island Capital opened 81 new positions and closed 47 in Q1 2019.
  • Water Island Capital's portfolio value rose 49% quarter-over-quarter to $2B.

Based on Water Island Capital's 13F filing for Q1 2019, filed 3 May 2019.