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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
+20.28%
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
$1.64B
AUM Growth
+$222M
Cap. Flow
+$227M
Cap. Flow %
13.84%
Top 10 Hldgs %
48.06%
Holding
151
New
49
Increased
10
Reduced
28
Closed
55

Top Buys

Rank Stock Value
1
COHR
Coherent Inc
COHR
+$72.4M
2
CHNG
Change Healthcare Inc. Common Stock
CHNG
+$61.5M
3
INFO
IHS Markit Ltd. Common Shares
INFO
+$54.5M
4
EGOV
NIC Inc
EGOV
+$54.4M
5
CUB
Cubic Corporation
CUB
+$48M

Top Sells

Rank Stock Value
1
EV
Eaton Vance Corp.
EV
+$101M
2
NGHC
National General Holdings Corp
NGHC
+$84.7M
3
TXNM
TXNM Energy Inc
TXNM
+$69.4M
4
ACIA
Acacia Communications Inc
ACIA
+$65.9M
5
CXO
CONCHO RESOURCES INC.
CXO
+$41.7M

Sector Composition

Rank Sector Weight
1 Technology 21.84%
2 Healthcare 16.95%
3 Industrials 15.01%
4 Communication Services 10.69%
5 Financials 8.64%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
WTW icon
1
Willis Towers Watson
WTW
$29.7B
$95.4M 5.82%
416,888
-35,915
-8% -$7.83M
PS
2
DELISTED
Pluralsight, Inc. Class A Common Stock
PS
$87.5M 5.34%
3,918,735
+586,975
+18% +$12.6M
INFO
3
DELISTED
IHS Markit Ltd. Common Shares
INFO
$86.3M 5.26%
891,506
+596,262
+202% +$54.5M
RP
4
DELISTED
RealPage, Inc.
RP
$84.4M 5.14%
967,472
+102,544
+12% +$8.91M
ALXN
5
DELISTED
Alexion Pharmaceuticals
ALXN
$83.6M 5.1%
546,445
+65,207
+14% +$10.1M
COHR
6
DELISTED
Coherent Inc
COHR
$82.5M 5.03%
+326,154
New +$72.4M
MXIM
7
DELISTED
Maxim Integrated Products
MXIM
$81.4M 4.97%
891,414
-7,134
-0.8% -$654K
WORK
8
DELISTED
Slack Technologies, Inc.
WORK
$69.9M 4.27%
1,721,538
-228,091
-12% -$9.54M
CHNG
9
DELISTED
Change Healthcare Inc. Common Stock
CHNG
$58.7M 3.58%
+2,654,720
New +$61.5M
EGOV
10
DELISTED
NIC Inc
EGOV
$58.5M 3.57%
+1,724,260
New +$54.4M
XLNX
11
DELISTED
Xilinx Inc
XLNX
$57.7M 3.52%
465,633
-92,762
-17% -$12.4M
STAY
12
DELISTED
Extended Stay America, Inc. Paired Share Unit
STAY
$56.4M 3.44%
+2,853,416
New +$46.6M
GRUB
13
DELISTED
Just Eat Takeaway.com N.V. American Depositary Shares
GRUB
$53.2M 3.24%
443,416
+37,982
+9% +$5.28M
CUB
14
DELISTED
Cubic Corporation
CUB
$52.5M 3.2%
+704,374
New +$48M
PRSP
15
DELISTED
Perspecta Inc. Common Stock
PRSP
$46.2M 2.82%
1,589,274
+1,530,782
+2,617% +$43.1M
MIK
16
DELISTED
Michaels Stores, Inc
MIK
$45.9M 2.8%
+2,091,482
New +$36.9M
MGLN
17
DELISTED
Magellan Health Services, Inc.
MGLN
$45.2M 2.75%
+484,449
New +$45.4M
CATM
18
DELISTED
Cardtronics plc Class A Ordinary Shares (UK)
CATM
$44.4M 2.71%
+1,145,388
New +$44.5M
GNMK
19
DELISTED
GenMark Diagnostics, Inc
GNMK
$40.5M 2.47%
+1,693,162
New +$31.5M
CMD
20
DELISTED
Cantel Medical Corporation
CMD
$36.3M 2.21%
+454,707
New +$35.5M
BPFH
21
DELISTED
Boston Private Financial Holdings, Inc.
BPFH
$36.1M 2.2%
+2,712,271
New +$36.2M
GLUU
22
DELISTED
Glu Mobile Inc.
GLUU
$34.4M 2.1%
+2,756,442
New +$30.7M
WIFI
23
DELISTED
Boingo Wireless, Inc.
WIFI
$30.6M 1.87%
2,176,348
+2,148,448
+7,701% +$28M
FLIR
24
DELISTED
FLIR Systems, Inc. (DE) Common Stock
FLIR
$30.1M 1.84%
+533,568
New +$29M
AEGN
25
DELISTED
Aegion Corp
AEGN
$29.9M 1.82%
+1,038,800
New +$24.8M
1
2 3 4 5

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Water Island Capital's Q1 2021 Portfolio in Review

As of Q1 2021, Water Island Capital held 151 positions worth $1.64B, up 16% from $1.42B the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Water Island Capital deployed $227M of net new capital in Q1 2021, opening 49 new positions and adding to 10 existing holdings. Its largest new stake was Coherent Inc: 326,154 shares worth $82.5M.

By sector, the portfolio is most concentrated in Technology at 22% of assets, up from 17% a quarter earlier, followed by Healthcare and Industrials.

On the sell side, the largest reduction was Watford Holdings Ltd. Common Shares, an estimated $28.9M trimmed.

  • Water Island Capital's largest Q1 2021 buy was Coherent Inc: 326,154 shares worth $82.5M.
  • Water Island Capital added most to IHS Markit Ltd. Common Shares in Q1 2021, an estimated $54.5M increase.
  • Water Island Capital's biggest Q1 2021 reduction was Watford Holdings Ltd. Common Shares, cutting an estimated $28.9M.
  • Water Island Capital fully exited Eaton Vance Corp. in Q1 2021, selling an estimated $101M.
  • Water Island Capital's ten largest holdings make up 48% of its $1.64B portfolio in Q1 2021.
  • Water Island Capital opened 49 new positions and closed 55 in Q1 2021.
  • Water Island Capital's portfolio value rose 16% quarter-over-quarter to $1.64B.

Based on Water Island Capital's 13F filing for Q1 2021, filed 13 May 2021.