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WIC

Water Island Capital Portfolio holdings

AUM $1.08B
1-Year Est. Return 105.75%
This Fund
S&P 500
This Quarter Est. Return
+36.8%
1 Year Est. Return
+105.75%
3 Year Est. Return
+437.83%
5 Year Est. Return
+1,485.53%
10 Year Est. Return
+23,012.79%
AUM
$1.42B
AUM Growth
+$241M
Cap. Flow
+$68.1M
Cap. Flow %
4.8%
Top 10 Hldgs %
57.29%
Holding
154
New
57
Increased
13
Reduced
18
Closed
50

Top Buys

Rank Stock Value
1
WTW icon
Willis Towers Watson
WTW
+$93.2M
2
EV
Eaton Vance Corp.
EV
+$93M
3
XLNX
Xilinx Inc
XLNX
+$72.6M
4
TXNM
TXNM Energy Inc
TXNM
+$69M
5
WORK
Slack Technologies, Inc.
WORK
+$65.9M

Top Sells

Rank Stock Value
1
ETFC
E*Trade Financial Corporation
ETFC
+$128M
2
AMTD
TD Ameritrade Holding Corp
AMTD
+$92M
3
NBL
Noble Energy, Inc.
NBL
+$72.4M
4
WLFC icon
Willis Lease Finance
WLFC
+$65.3M
5
DLPH
Delphi Technologies PLC Ordinary Shares
DLPH
+$59.2M

Sector Composition

Rank Sector Weight
1 Technology 29.74%
2 Financials 25.44%
3 Industrials 9.79%
4 Communication Services 9.23%
5 Healthcare 7.45%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EV
1
DELISTED
Eaton Vance Corp.
EV
$101M 7.14%
+1,489,383
New +$93M
WTW icon
2
Willis Towers Watson
WTW
$29.9B
$95.4M 6.73%
+452,803
New +$93.2M
NGHC
3
DELISTED
National General Holdings Corp
NGHC
$84.7M 5.97%
2,478,615
+558,091
+29% +$19M
WORK
4
DELISTED
Slack Technologies, Inc.
WORK
$82.4M 5.81%
+1,949,629
New +$65.9M
MXIM
5
DELISTED
Maxim Integrated Products
MXIM
$79.7M 5.62%
898,548
+514,194
+134% +$40.6M
XLNX
6
DELISTED
Xilinx Inc
XLNX
$79.2M 5.58%
+558,395
New +$72.6M
RP
7
DELISTED
RealPage, Inc.
RP
$75.5M 5.32%
+864,928
New +$56.7M
ALXN
8
DELISTED
Alexion Pharmaceuticals
ALXN
$75.2M 5.3%
+481,238
New +$61.8M
PS
9
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
$69.8M 4.93%
+3,331,760
New +$59.5M
TXNM
10
TXNM Energy Inc
TXNM
$6B
$69.4M 4.9%
+1,430,182
New +$69M
ACIA
11
DELISTED
Acacia Communications Inc
ACIA
$65.9M 4.65%
903,369
-240,175
-21% -$16.6M
GRUB
12
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$60.2M 4.25%
405,434
+129,245
+47% +$19.1M
CXO
13
DELISTED
CONCHO RESOURCES INC.
CXO
$41.7M 2.94%
714,135
+704,135
+7,041% +$37.1M
AJRD
14
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$29.3M 2.06%
+553,880
New +$22.3M
WTRE
15
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
$29.1M 2.05%
+840,142
New +$28.7M
INFO
16
DELISTED
IHS Markit Ltd. Common Shares
INFO
$26.5M 1.87%
+295,244
New +$25.6M
BMCH
17
DELISTED
BMC Stock Holdings, Inc
BMCH
$25.6M 1.81%
476,970
+87,548
+22% +$4.05M
CBB
18
DELISTED
Cincinnati Bell Inc.
CBB
$24.6M 1.73%
1,607,034
-490,398
-23% -$7.45M
CIT
19
DELISTED
CIT Group Inc.
CIT
$22.7M 1.6%
+631,528
New +$19.9M
RESI
20
DELISTED
Front Yard Residential Corporation Common Stock
RESI
$21.9M 1.55%
1,354,568
+823,235
+155% +$11.4M
MTSC
21
DELISTED
MTS Systems Corp
MTSC
$21.6M 1.52%
+371,456
New +$13.4M
HMSY
22
DELISTED
HMS Holdings Corp.
HMSY
$20.9M 1.48%
+569,531
New +$17.3M
FBM
23
DELISTED
Foundation Building Materials, Inc. Common Stock
FBM
$16.2M 1.14%
+844,794
New +$14.9M
BEAT
24
DELISTED
BioTelemetry, Inc.
BEAT
$15.7M 1.11%
+218,471
New +$11.4M
WDR
25
DELISTED
Waddell & Reed Financial, Inc.
WDR
$14.4M 1.01%
+563,763
New +$10.9M
1
2 3 4 5

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Water Island Capital's Q4 2020 Portfolio in Review

As of Q4 2020, Water Island Capital held 154 positions worth $1.42B, up 20% from $1.18B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Water Island Capital deployed $68.1M of net new capital in Q4 2020, opening 57 new positions and adding to 13 existing holdings. Its largest new stake was Willis Towers Watson: 452,803 shares worth $95.4M.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 14% a quarter earlier, followed by Financials and Industrials.

On the sell side, the largest reduction was Varian Medical Systems, Inc., an estimated $32.3M trimmed.

  • Water Island Capital's largest Q4 2020 buy was Willis Towers Watson: 452,803 shares worth $95.4M.
  • Water Island Capital added most to Maxim Integrated Products in Q4 2020, an estimated $40.6M increase.
  • Water Island Capital's biggest Q4 2020 reduction was Varian Medical Systems, Inc., cutting an estimated $32.3M.
  • Water Island Capital fully exited E*Trade Financial Corporation in Q4 2020, selling an estimated $128M.
  • Water Island Capital's ten largest holdings make up 57% of its $1.42B portfolio in Q4 2020.
  • Water Island Capital opened 57 new positions and closed 50 in Q4 2020.
  • Water Island Capital's portfolio value rose 20% quarter-over-quarter to $1.42B.

Based on Water Island Capital's 13F filing for Q4 2020, filed 10 Feb 2021.