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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
+25.6%
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
$1.77B
AUM Growth
+$167M
Cap. Flow
+$118M
Cap. Flow %
6.66%
Top 10 Hldgs %
37.47%
Holding
135
New
46
Increased
21
Reduced
20
Closed
34

Top Buys

Rank Stock Value
1
AVLR
Avalara, Inc.
AVLR
+$52.1M
2
ONEM
1Life Healthcare
ONEM
+$43.9M
3
SWIR
Sierra Wireless
SWIR
+$42M
4
AAWW
Atlas Air Worldwide Holdings, Inc.
AAWW
+$39.3M
5
PING
Ping Identity Holding Corp.
PING
+$38.5M

Top Sells

Rank Stock Value
1
MNDT
Mandiant, Inc. Common Stock
MNDT
+$69.8M
2
WBT
Welbilt, Inc.
WBT
+$64.9M
3
CDK
CDK Global, Inc.
CDK
+$56M
4
POLY
Plantronics, Inc.
POLY
+$52.5M
5
VG
Vonage Holdings Corporation
VG
+$50.5M

Sector Composition

Rank Sector Weight
1 Technology 32.89%
2 Healthcare 12.14%
3 Financials 10.68%
4 Communication Services 10.4%
5 Industrials 9.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CHNG
1
DELISTED
Change Healthcare Inc. Common Stock
CHNG
$93.2M 5.27%
3,391,670
+288,241
+9% +$7.14M
Y
2
DELISTED
Alleghany Corp
Y
$83.3M 4.71%
99,211
+8,800
+10% +$7.38M
ZEN
3
DELISTED
ZENDESK INC
ZEN
$73.1M 4.14%
960,775
+446,740
+87% +$33.9M
ATVI
4
DELISTED
Activision Blizzard
ATVI
$72.5M 4.1%
975,526
+162,146
+20% +$12.7M
TGNA
5
DELISTED
TEGNA Inc
TGNA
$70.5M 3.99%
3,409,269
+629,488
+23% +$13.3M
FHN icon
6
First Horizon
FHN
$12.2B
$59.6M 3.37%
2,604,278
+129,165
+5% +$2.94M
AVLR
7
DELISTED
Avalara, Inc.
AVLR
$53.4M 3.02%
+581,162
New +$52.1M
LHCG
8
DELISTED
LHC Group LLC
LHCG
$52.9M 2.99%
323,431
+48,817
+18% +$7.92M
ROG icon
9
Rogers Corp
ROG
$2.23B
$52.5M 2.97%
217,111
+5,581
+3% +$1.44M
SJI
10
DELISTED
South Jersey Industries, Inc.
SJI
$51.3M 2.9%
1,535,256
+31,905
+2% +$1.09M
NLSN
11
DELISTED
Nielsen Holdings plc
NLSN
$51.1M 2.89%
1,842,086
-645,189
-26% -$16.8M
TWTR
12
DELISTED
Twitter, Inc.
TWTR
$48.7M 2.75%
1,110,363
+367,264
+49% +$15M
TXNM
13
TXNM Energy Inc
TXNM
$6.45B
$48.6M 2.75%
1,062,545
+52,213
+5% +$2.48M
ONEM
14
DELISTED
1Life Healthcare
ONEM
$48M 2.71%
+2,796,663
New +$43.9M
VMW
15
DELISTED
VMware, Inc
VMW
$45.8M 2.59%
430,361
+224,111
+109% +$25.8M
SWIR
16
DELISTED
Sierra Wireless
SWIR
$44.4M 2.51%
+1,459,974
New +$42M
GBT
17
DELISTED
Global Blood Therapeutics, Inc.
GBT
$44.2M 2.5%
+649,242
New +$35.8M
PING
18
DELISTED
Ping Identity Holding Corp.
PING
$43.5M 2.46%
+1,549,471
New +$38.5M
SWCH
19
DELISTED
Switch, Inc. Class A Common Stock
SWCH
$43.1M 2.44%
1,279,659
+283,190
+28% +$9.59M
AAWW
20
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
$42.6M 2.41%
+446,119
New +$39.3M
STOR
21
DELISTED
STORE Capital Corporation
STOR
$41.1M 2.32%
+1,311,076
New +$37.2M
CCXI
22
DELISTED
ChemoCentryx, Inc.
CCXI
$38.2M 2.16%
+739,425
New +$30.6M
IRBT
23
DELISTED
iRobot
IRBT
$35.4M 2%
+629,001
New +$33M
BHVN icon
24
Biohaven
BHVN
$2.12B
$33.5M 1.9%
+226,931
New +$1.65M
TEN
25
DELISTED
Tenneco Inc. Class A Voting Common Stock
TEN
$33M 1.87%
1,899,302
-58,453
-3% -$1.1M
1
2 3 4 5

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Water Island Capital's Q3 2022 Portfolio in Review

As of Q3 2022, Water Island Capital held 135 positions worth $1.77B, up 10% from $1.6B the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Water Island Capital deployed $118M of net new capital in Q3 2022, opening 46 new positions and adding to 21 existing holdings. Its largest new stake was Avalara, Inc.: 581,162 shares worth $53.4M.

By sector, the portfolio is most concentrated in Technology at 33% of assets, down from 33% a quarter earlier, followed by Healthcare and Financials.

On the sell side, the largest reduction was Citrix Systems Inc, an estimated $37.2M trimmed.

  • Water Island Capital's largest Q3 2022 buy was Avalara, Inc.: 581,162 shares worth $53.4M.
  • Water Island Capital added most to ZENDESK INC in Q3 2022, an estimated $33.9M increase.
  • Water Island Capital's biggest Q3 2022 reduction was Citrix Systems Inc, cutting an estimated $37.2M.
  • Water Island Capital fully exited Mandiant, Inc. Common Stock in Q3 2022, selling an estimated $69.8M.
  • Water Island Capital's ten largest holdings make up 37% of its $1.77B portfolio in Q3 2022.
  • Water Island Capital opened 46 new positions and closed 34 in Q3 2022.
  • Water Island Capital's portfolio value rose 10% quarter-over-quarter to $1.77B.

Based on Water Island Capital's 13F filing for Q3 2022, filed 14 Nov 2022.