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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
+19.44%
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
$1.81B
AUM Growth
+$74.1M
(+4.3%)
Cap. Flow
-$55.5M
Cap. Flow
% of AUM
-3.06%
Top 10 Holdings %
Top 10 Hldgs %
55.37%
Holding
127
New
56
Increased
16
Reduced
11
Closed
31
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Willis Towers Watson
WTW
|
+$139M |
| 2 |
Rogers Corp
ROG
|
+$75.9M |
| 3 |
CONE
CyrusOne Inc Common Stock
CONE
|
+$73.9M |
| 4 |
VG
Vonage Holdings Corporation
VG
|
+$45.9M |
| 5 |
CERN
Cerner Corp
CERN
|
+$43.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Willis Lease Finance
WLFC
|
+$138M |
| 2 |
KSU
Kansas City Southern
KSU
|
+$123M |
| 3 |
PPD
PPD, Inc. Common Stock
PPD
|
+$102M |
| 4 |
FIVE9
FIVN
|
+$101M |
| 5 |
HRC
HILL-ROM HOLDINGS, INC.
HRC
|
+$52.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 23.95% |
| 2 | Communication Services | 13.24% |
| 3 | Industrials | 11.98% |
| 4 | Financials | 10.34% |
| 5 | Healthcare | 4.7% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
INFO
1
DELISTED
IHS Markit Ltd. Common Shares
INFO
| $153M | 8.45% |
1,151,232
+2,245
| +0.2% | +$286K |
|
|
XLNX
2
DELISTED
Xilinx Inc
XLNX
| $150M | 8.27% |
706,166
+46,254
| +7% | +$9.12M |
|
|
3
Willis Towers Watson
WTW
$29.7B
| $139M | 7.68% |
+585,714
| New | +$139M |
|
|
NUAN
4
DELISTED
Nuance Communications, Inc.
NUAN
| $120M | 6.63% |
2,170,581
+202,687
| +10% | +$11.2M |
|
|
5
Rogers Corp
ROG
$2.16B
| $85.2M | 4.7% |
+312,097
| New | +$75.9M |
|
|
WBT
6
DELISTED
Welbilt, Inc.
WBT
| $78.4M | 4.33% |
3,297,912
+22,616
| +0.7% | +$535K |
|
|
CONE
7
DELISTED
CyrusOne Inc Common Stock
CONE
| $78.1M | 4.31% |
+870,388
| New | +$73.9M |
|
|
COHR
8
DELISTED
Coherent Inc
COHR
| $71.3M | 3.94% |
267,457
-85,347
| -24% | -$22M |
|
|
CHNG
9
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $71.2M | 3.93% |
3,328,322
+113,563
| +4% | +$2.38M |
|
|
AJRD
10
DELISTED
Aerojet Rocketdyne Holdings
AJRD
| $56.9M | 3.14% |
1,216,524
+170,484
| +16% | +$7.5M |
|
|
MNR
11
DELISTED
Monmouth Real Estate Investment Corp
MNR
| $55.3M | 3.05% |
2,633,425
+526,355
| +25% | +$10.6M |
|
|
CERN
12
DELISTED
Cerner Corp
CERN
| $52.8M | 2.91% |
+568,292
| New | +$43.2M |
|
|
VG
13
DELISTED
Vonage Holdings Corporation
VG
| $52.4M | 2.89% |
+2,519,713
| New | +$45.9M |
|
|
MCFE
14
DELISTED
McAfee Corp. Class A Common Stock
MCFE
| $41.5M | 2.29% |
+1,608,673
| New | +$38.8M |
|
|
TXNM
15
TXNM Energy Inc
TXNM
$6.43B
| $40.8M | 2.25% |
+894,081
| New | +$43M |
|
|
SAFM
16
DELISTED
Sanderson Farms Inc
SAFM
| $40.3M | 2.22% |
210,727
+2,988
| +1% | +$563K |
|
|
CCMP
17
DELISTED
CMC Materials, Inc. Common Stock
CCMP
| $34.3M | 1.89% |
+179,035
| New | +$25.9M |
|
|
MNTV
18
DELISTED
Momentive Global Inc. Common Stock
MNTV
| $33.9M | 1.87% |
+1,602,000
| New | +$35.2M |
|
|
FLOW
19
DELISTED
SPX FLOW, Inc.
FLOW
| $32.9M | 1.82% |
+380,459
| New | +$30.6M |
|
|
EPAY
20
DELISTED
Bottomline Technologies Inc
EPAY
| $32.7M | 1.8% |
+578,714
| New | +$27.1M |
|
|
RRD
21
DELISTED
RR Donnelley & Sons Co.
RRD
| $29.1M | 1.61% |
+2,583,244
| New | +$22.4M |
|
|
MIME
22
DELISTED
Mimecast Limited
MIME
| $27.1M | 1.5% |
+340,666
| New | +$25.7M |
|
|
NPTN
23
DELISTED
NEOPHOTONICS CORP
NPTN
| $25.2M | 1.39% |
+1,640,632
| New | +$21.6M |
|
24
Magnachip Semiconductor
MX
$118M
| $24.7M | 1.36% |
1,177,839
-10,000
| -0.8% | -$185K |
|
|
VNE
25
DELISTED
Veoneer, Inc.
VNE
| $23.9M | 1.32% |
673,152
+313,533
| +87% | +$11.1M |
|
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Water Island Capital's Q4 2021 Portfolio in Review
As of Q4 2021, Water Island Capital held 127 positions worth $1.81B, up 4.3% from $1.74B the previous quarter. Its ten largest holdings account for 55% of the portfolio.
Water Island Capital withdrew a net $55.5M in Q4 2021, closing 31 positions and reducing 11 holdings. Its most notable exit was Willis Lease Finance, an estimated $138M position sold in full.
By sector, the portfolio is most concentrated in Technology at 24% of assets, up from 20% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Water Island Capital opened a new position in Willis Towers Watson worth $139M.
- Water Island Capital's largest Q4 2021 buy was Willis Towers Watson: 585,714 shares worth $139M.
- Water Island Capital added most to Athene Holding Ltd. Class A Common Shares in Q4 2021, an estimated $11.7M increase.
- Water Island Capital's biggest Q4 2021 reduction was FIVE9, cutting an estimated $101M.
- Water Island Capital fully exited Willis Lease Finance in Q4 2021, selling an estimated $138M.
- Water Island Capital's ten largest holdings make up 55% of its $1.81B portfolio in Q4 2021.
- Water Island Capital opened 56 new positions and closed 31 in Q4 2021.
- Water Island Capital's portfolio value rose 4.3% quarter-over-quarter to $1.81B.
Based on Water Island Capital's 13F filing for Q4 2021, filed 14 Feb 2022.