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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
+2.31%
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
$1.6B
AUM Growth
-$370M
(-19%)
Cap. Flow
-$296M
Cap. Flow
% of AUM
-18.47%
Top 10 Holdings %
Top 10 Hldgs %
39.13%
Holding
121
New
37
Increased
18
Reduced
23
Closed
33
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CDK
CDK Global, Inc.
CDK
|
+$55.3M |
| 2 |
ZEN
ZENDESK INC
ZEN
|
+$50.7M |
| 3 |
SAIL
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
|
+$42.8M |
| 4 |
ACC
American Campus Communities, Inc.
ACC
|
+$36.4M |
| 5 |
SWCH
Switch, Inc. Class A Common Stock
SWCH
|
+$32.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
COHR
Coherent Inc
COHR
|
+$71.3M |
| 2 |
CERN
Cerner Corp
CERN
|
+$66.9M |
| 3 |
HMHC
Houghton Mifflin Harcourt Company
HMHC
|
+$60.4M |
| 4 |
PLAN
Anaplan, Inc.
PLAN
|
+$57.9M |
| 5 |
MIME
Mimecast Limited
MIME
|
+$54.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 33.06% |
| 2 | Industrials | 17.99% |
| 3 | Communication Services | 11.98% |
| 4 | Financials | 8.46% |
| 5 | Healthcare | 6.12% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
Y
1
DELISTED
Alleghany Corp
Y
| $75.3M | 4.71% |
90,411
+22,180
| +33% | +$18.6M |
|
|
CHNG
2
DELISTED
Change Healthcare Inc. Common Stock
CHNG
| $71.6M | 4.47% |
3,103,429
+104,965
| +4% | +$2.45M |
|
|
MNDT
3
DELISTED
Mandiant, Inc. Common Stock
MNDT
| $69.8M | 4.36% |
3,197,128
+546,087
| +21% | +$12M |
|
|
WBT
4
DELISTED
Welbilt, Inc.
WBT
| $64.9M | 4.05% |
2,723,931
-908,911
| -25% | -$21.5M |
|
|
ATVI
5
DELISTED
Activision Blizzard
ATVI
| $63.3M | 3.96% |
813,380
+93,949
| +13% | +$7.31M |
|
|
TGNA
6
DELISTED
TEGNA Inc
TGNA
| $58.3M | 3.64% |
2,779,781
+301,205
| +12% | +$6.52M |
|
|
NLSN
7
DELISTED
Nielsen Holdings plc
NLSN
| $57.8M | 3.61% |
2,487,275
+561,275
| +29% | +$14.4M |
|
|
CDK
8
DELISTED
CDK Global, Inc.
CDK
| $56M | 3.5% |
+1,022,477
| New | +$55.3M |
|
9
Rogers Corp
ROG
$2.31B
| $55.4M | 3.46% |
211,530
-101,205
| -32% | -$26.9M |
|
10
First Horizon
FHN
$11.5B
| $54.1M | 3.38% |
2,475,113
+312,970
| +14% | +$7.03M |
|
|
POLY
11
DELISTED
Plantronics, Inc.
POLY
| $52.5M | 3.28% |
1,323,459
+210,459
| +19% | +$8.36M |
|
|
CTXS
12
DELISTED
Citrix Systems Inc
CTXS
| $51.8M | 3.23% |
532,601
+29,414
| +6% | +$2.93M |
|
|
SJI
13
DELISTED
South Jersey Industries, Inc.
SJI
| $51.3M | 3.21% |
1,503,351
+320,490
| +27% | +$11M |
|
|
VG
14
DELISTED
Vonage Holdings Corporation
VG
| $50.5M | 3.16% |
2,681,289
-122,659
| -4% | -$2.35M |
|
|
TXNM
15
TXNM Energy Inc
TXNM
$6.01B
| $48.3M | 3.02% |
1,010,332
-19,730
| -2% | -$925K |
|
|
SAIL
16
DELISTED
SailPoint Technologies Holdings, Inc. Common Stock
SAIL
| $43.5M | 2.72% |
+693,752
| New | +$42.8M |
|
|
CNR
17
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $43.3M | 2.7% |
1,767,673
-197,714
| -10% | -$4.82M |
|
|
LHCG
18
DELISTED
LHC Group LLC
LHCG
| $42.8M | 2.67% |
274,614
+41,614
| +18% | +$6.86M |
|
|
ZEN
19
DELISTED
ZENDESK INC
ZEN
| $38.1M | 2.38% |
+514,035
| New | +$50.7M |
|
|
ACC
20
DELISTED
American Campus Communities, Inc.
ACC
| $37.1M | 2.32% |
+575,066
| New | +$36.4M |
|
|
SAFM
21
DELISTED
Sanderson Farms Inc
SAFM
| $36.1M | 2.26% |
167,628
-55,677
| -25% | -$10.9M |
|
|
TEN
22
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
| $33.6M | 2.1% |
1,957,755
+398,339
| +26% | +$6.73M |
|
|
SWCH
23
DELISTED
Switch, Inc. Class A Common Stock
SWCH
| $33.4M | 2.09% |
+996,469
| New | +$32.2M |
|
|
BHVN
24
DELISTED
Biohaven Pharmaceutical Holding Company Ltd.
BHVN
| $28.6M | 1.79% |
+196,133
| New | +$25.1M |
|
|
TPTX
25
DELISTED
Turning Point Therapeutics, Inc. Common Stock
TPTX
| $27.8M | 1.74% |
+369,417
| New | +$16.4M |
|
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Water Island Capital's Q2 2022 Portfolio in Review
As of Q2 2022, Water Island Capital held 121 positions worth $1.6B, down 19% from $1.97B the previous quarter. Its ten largest holdings account for 39% of the portfolio.
Water Island Capital withdrew a net $296M in Q2 2022, closing 33 positions and reducing 23 holdings. Its most notable exit was Cerner Corp, an estimated $66.9M position sold in full.
By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 33% a quarter earlier, followed by Industrials and Communication Services.
Against the trend, Water Island Capital opened a new position in CDK Global, Inc. worth $56M.
- Water Island Capital's largest Q2 2022 buy was CDK Global, Inc.: 1,022,477 shares worth $56M.
- Water Island Capital added most to Alleghany Corp in Q2 2022, an estimated $18.6M increase.
- Water Island Capital's biggest Q2 2022 reduction was Coherent Inc, cutting an estimated $71.3M.
- Water Island Capital fully exited Cerner Corp in Q2 2022, selling an estimated $66.9M.
- Water Island Capital's ten largest holdings make up 39% of its $1.6B portfolio in Q2 2022.
- Water Island Capital opened 37 new positions and closed 33 in Q2 2022.
- Water Island Capital's portfolio value fell 19% quarter-over-quarter to $1.6B.
Based on Water Island Capital's 13F filing for Q2 2022, filed 15 Aug 2022.