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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
-2.96%
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
$1.38B
AUM Growth
-$50.6M
Cap. Flow
+$72.3M
Cap. Flow %
5.22%
Top 10 Hldgs %
71.49%
Holding
97
New
29
Increased
18
Reduced
4
Closed
39

Top Buys

Rank Stock Value
1
TECD
Tech Data Corp
TECD
+$98.4M
2
LOGM
LogMein, Inc.
LOGM
+$92.9M
3
CZR
Caesars Entertainment Corporation
CZR
+$85.8M
4
AMTD
TD Ameritrade Holding Corp
AMTD
+$77.2M
5
LM
Legg Mason, Inc.
LM
+$65.6M

Top Sells

Rank Stock Value
1
WCG
Wellcare Health Plans, Inc.
WCG
+$248M
2
ZAYO
Zayo Group Holdings, Inc.
ZAYO
+$135M
3
ADSW
Advanced Disposal Services Inc
ADSW
+$98.6M
4
MDCO
Medicines Co
MDCO
+$81.7M
5
MLNX
Mellanox Technologies, Ltd.
MLNX
+$72.1M

Sector Composition

Rank Sector Weight
1 Technology 23.49%
2 Healthcare 19.81%
3 Consumer Discretionary 16.52%
4 Financials 13.33%
5 Industrials 7.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AGN
1
DELISTED
Allergan plc
AGN
$151M 10.88%
850,001
+289,986
+52% +$54.6M
LOGM
2
DELISTED
LogMein, Inc.
LOGM
$123M 8.86%
1,471,554
+1,102,434
+299% +$92.9M
TECD
3
DELISTED
Tech Data Corp
TECD
$121M 8.72%
922,151
+709,747
+334% +$98.4M
TIF
4
DELISTED
Tiffany & Co.
TIF
$109M 7.89%
843,140
+384,675
+84% +$50.6M
AXE
5
DELISTED
Anixter International Inc
AXE
$97.1M 7.02%
1,104,493
+311,423
+39% +$29.4M
WBC
6
DELISTED
WABCO HOLDINGS INC.
WBC
$92.1M 6.66%
681,965
+118,107
+21% +$15.9M
AMTD
7
DELISTED
TD Ameritrade Holding Corp
AMTD
$90.9M 6.57%
2,622,447
+1,771,922
+208% +$77.2M
LM
8
DELISTED
Legg Mason, Inc.
LM
$73.5M 5.31%
+1,504,000
New +$65.6M
WMGI
9
DELISTED
Wright Medical Group Inc
WMGI
$67.8M 4.9%
2,367,710
+1,600,125
+208% +$47.5M
CZR
10
DELISTED
Caesars Entertainment Corporation
CZR
$64.7M 4.68%
9,570,352
+7,299,494
+321% +$85.8M
TGE
11
DELISTED
Tallgrass Energy, LP Class A Shares
TGE
$60.6M 4.38%
3,683,042
+3,179,787
+632% +$65M
FSCT
12
DELISTED
ForeScout Technologies, Inc. Common Stock
FSCT
$60.4M 4.37%
+1,913,284
New +$59.9M
KEM
13
DELISTED
KEMET Corporation
KEM
$59.1M 4.27%
2,444,966
+2,098,966
+607% +$53.3M
TCO
14
DELISTED
Taubman Centers Inc.
TCO
$41.9M 3.03%
+1,001,645
New +$41.7M
FTSV
15
DELISTED
Forty Seven, Inc. Common Stock
FTSV
$33.2M 2.4%
+347,714
New +$21M
PACB icon
16
Pacific Biosciences
PACB
$435M
$16.7M 1.2%
5,443,564
+724,600
+15% +$2.97M
MEET
17
DELISTED
The Meet Group, Inc. Common Stock
MEET
$14.9M 1.08%
+2,544,236
New +$14.5M
RESI
18
DELISTED
Front Yard Residential Corporation Common Stock
RESI
$12.6M 0.91%
+1,053,579
New +$12.3M
CBB
19
DELISTED
Cincinnati Bell Inc.
CBB
$11.5M 0.83%
784,473
+527,112
+205% +$6.85M
FG
20
DELISTED
FGL Holdings Ordinary Shares
FG
$11.1M 0.8%
+1,131,100
New +$11.9M
DLPH
21
DELISTED
Delphi Technologies PLC Ordinary Shares
DLPH
$11M 0.79%
+1,365,663
New +$16.9M
IOTS
22
DELISTED
Adesto Technologies Corp
IOTS
$9.6M 0.69%
+858,000
New +$8.19M
ETFC
23
DELISTED
E*Trade Financial Corporation
ETFC
$8.91M 0.64%
+259,674
New +$11M
GILT icon
24
Gilat Satellite Networks
GILT
$789M
$6.54M 0.47%
+921,892
New +$7.94M
MLNX
25
DELISTED
Mellanox Technologies, Ltd.
MLNX
$4.35M 0.31%
35,836
-613,108
-94% -$72.1M
1
2 3 4

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Water Island Capital's Q1 2020 Portfolio in Review

As of Q1 2020, Water Island Capital held 97 positions worth $1.38B, down 3.5% from $1.43B the previous quarter. Its ten largest holdings account for 71% of the portfolio.

Water Island Capital deployed $72.3M of net new capital in Q1 2020, opening 29 new positions and adding to 18 existing holdings. Its largest new stake was Legg Mason, Inc.: 1,504,000 shares worth $73.5M.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 11% a quarter earlier, followed by Healthcare and Consumer Discretionary.

On the sell side, the largest reduction was Mellanox Technologies, Ltd., an estimated $72.1M trimmed.

  • Water Island Capital's largest Q1 2020 buy was Legg Mason, Inc.: 1,504,000 shares worth $73.5M.
  • Water Island Capital added most to Tech Data Corp in Q1 2020, an estimated $98.4M increase.
  • Water Island Capital's biggest Q1 2020 reduction was Mellanox Technologies, Ltd., cutting an estimated $72.1M.
  • Water Island Capital fully exited Wellcare Health Plans, Inc. in Q1 2020, selling an estimated $248M.
  • Water Island Capital's ten largest holdings make up 71% of its $1.38B portfolio in Q1 2020.
  • Water Island Capital opened 29 new positions and closed 39 in Q1 2020.
  • Water Island Capital's portfolio value fell 3.5% quarter-over-quarter to $1.38B.

Based on Water Island Capital's 13F filing for Q1 2020, filed 12 May 2020.