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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
+24.61%
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
$1.43B
AUM Growth
-$174M
Cap. Flow
-$324M
Cap. Flow %
-22.6%
Top 10 Hldgs %
69.7%
Holding
121
New
41
Increased
10
Reduced
8
Closed
55

Top Buys

Rank Stock Value
1
AXE
Anixter International Inc
AXE
+$64.2M
2
MDCO
Medicines Co
MDCO
+$64.2M
3
TIF
Tiffany & Co.
TIF
+$54.2M
4
WCG
Wellcare Health Plans, Inc.
WCG
+$46.7M
5
LPT
Liberty Property Trust
LPT
+$40.8M

Top Sells

Rank Stock Value
1
CELG
Celgene Corp
CELG
+$156M
2
STI
SunTrust Banks, Inc.
STI
+$126M
3
BPL
Buckeye Partners, L.P.
BPL
+$108M
4
MDSO
Medidata Solutions, Inc.
MDSO
+$82.4M
5
ISCA
International Speedway Corp
ISCA
+$51.4M

Sector Composition

Rank Sector Weight
1 Healthcare 14.02%
2 Industrials 13.95%
3 Technology 10.78%
4 Consumer Discretionary 9.19%
5 Financials 3.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WCG
1
DELISTED
Wellcare Health Plans, Inc.
WCG
$248M 17.3%
751,206
+155,507
+26% +$46.7M
ZAYO
2
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$135M 9.38%
3,882,073
+978,850
+34% +$33.5M
AGN
3
DELISTED
Allergan plc
AGN
$107M 7.47%
560,015
+70,717
+14% +$12.8M
ADSW
4
DELISTED
Advanced Disposal Services Inc
ADSW
$98.6M 6.87%
2,998,279
+301,247
+11% +$9.88M
MDCO
5
DELISTED
Medicines Co
MDCO
$81.7M 5.7%
+962,241
New +$64.2M
WBC
6
DELISTED
WABCO HOLDINGS INC.
WBC
$76.4M 5.33%
563,858
+118,169
+27% +$15.9M
MLNX
7
DELISTED
Mellanox Technologies, Ltd.
MLNX
$76M 5.3%
648,944
-159,989
-20% -$18.2M
AXE
8
DELISTED
Anixter International Inc
AXE
$73M 5.09%
+793,070
New +$64.2M
TIF
9
DELISTED
Tiffany & Co.
TIF
$61.3M 4.27%
+458,465
New +$54.2M
LPT
10
DELISTED
Liberty Property Trust
LPT
$42.7M 2.98%
+711,863
New +$40.8M
AMTD
11
DELISTED
TD Ameritrade Holding Corp
AMTD
$42.3M 2.95%
+850,525
New +$36.9M
BOLD
12
DELISTED
Audentes Therapeutics, Inc
BOLD
$34.4M 2.4%
+574,815
New +$21.6M
LOGM
13
DELISTED
LogMein, Inc.
LOGM
$31.6M 2.21%
369,120
+340,480
+1,189% +$25.3M
CZR
14
DELISTED
Caesars Entertainment Corporation
CZR
$30.9M 2.15%
2,270,858
+645,033
+40% +$8.17M
TECD
15
DELISTED
Tech Data Corp
TECD
$30.5M 2.13%
+212,404
New +$27.3M
PEGI
16
DELISTED
Pattern Energy Group Inc. Class A
PEGI
$29M 2.02%
+1,084,065
New +$29.4M
AYR
17
DELISTED
Aircastle Ltd
AYR
$24.5M 1.71%
+765,317
New +$22.1M
PACB icon
18
Pacific Biosciences
PACB
$422M
$24.3M 1.69%
4,718,964
+128,814
+3% +$655K
WMGI
19
DELISTED
Wright Medical Group Inc
WMGI
$23.4M 1.63%
+767,585
New +$20.1M
INXN
20
DELISTED
Interxion Holding N.V.
INXN
$19.5M 1.36%
+232,787
New +$19.4M
CBPX
21
DELISTED
CONTINENTAL BUILDING PRODUCTS, INC.
CBPX
$17.4M 1.22%
+478,916
New +$15.8M
INST
22
DELISTED
Instructure, Inc.
INST
$13.8M 0.96%
+285,400
New +$13.4M
CISN
23
DELISTED
Cision Ltd. Ordinary Share
CISN
$11.6M 0.81%
+1,163,947
New +$11.1M
TGE
24
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
$11.1M 0.78%
+503,255
New +$9.65M
KEM
25
DELISTED
KEMET Corporation
KEM
$9.36M 0.65%
+346,000
New +$8.4M
1
2 3 4 5

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Water Island Capital's Q4 2019 Portfolio in Review

As of Q4 2019, Water Island Capital held 121 positions worth $1.43B, down 11% from $1.61B the previous quarter. Its ten largest holdings account for 70% of the portfolio.

Water Island Capital withdrew a net $324M in Q4 2019, closing 55 positions and reducing 8 holdings. Its most notable exit was Celgene Corp, an estimated $156M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 14% of assets, down from 18% a quarter earlier, followed by Industrials and Technology.

Against the trend, Water Island Capital opened a new position in Anixter International Inc worth $73M.

  • Water Island Capital's largest Q4 2019 buy was Anixter International Inc: 793,070 shares worth $73M.
  • Water Island Capital added most to Wellcare Health Plans, Inc. in Q4 2019, an estimated $46.7M increase.
  • Water Island Capital's biggest Q4 2019 reduction was Mellanox Technologies, Ltd., cutting an estimated $18.2M.
  • Water Island Capital fully exited Celgene Corp in Q4 2019, selling an estimated $156M.
  • Water Island Capital's ten largest holdings make up 70% of its $1.43B portfolio in Q4 2019.
  • Water Island Capital opened 41 new positions and closed 55 in Q4 2019.
  • Water Island Capital's portfolio value fell 11% quarter-over-quarter to $1.43B.

Based on Water Island Capital's 13F filing for Q4 2019, filed 11 Feb 2020.