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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
+26.89%
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
$1.01B
AUM Growth
-$106M
Cap. Flow
-$228M
Cap. Flow %
-22.52%
Top 10 Hldgs %
57.11%
Holding
116
New
34
Increased
7
Reduced
6
Closed
58

Top Buys

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$84M
2
HES
Hess
HES
+$78M
3
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$50M
4
SPLK
Splunk Inc
SPLK
+$43.5M
5
AMED
Amedisys
AMED
+$43.1M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$104M
2
VMW
VMware, Inc
VMW
+$86.9M
3
HZNP
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
+$79.7M
4
DEN
Denbury Inc.
DEN
+$51.6M
5
SGEN
Seagen Inc. Common Stock
SGEN
+$49.6M

Sector Composition

Rank Sector Weight
1 Healthcare 23.44%
2 Energy 18.2%
3 Technology 14.93%
4 Consumer Staples 10.22%
5 Real Estate 10.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PXD
1
DELISTED
Pioneer Natural Resource Co.
PXD
$80.6M 7.95%
+358,308
New +$84M
HES
2
DELISTED
Hess
HES
$76.7M 7.57%
+532,143
New +$78M
SPLK
3
DELISTED
Splunk Inc
SPLK
$73M 7.21%
479,432
+291,314
+155% +$43.5M
AMED
4
DELISTED
Amedisys
AMED
$67.6M 6.67%
710,697
+461,368
+185% +$43.1M
SOVO
5
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
$64.8M 6.39%
2,940,423
+1,465,198
+99% +$32.2M
SRC
6
DELISTED
SPIRIT REALTY CAPITAL, INC.
SRC
$56.7M 5.59%
+1,297,440
New +$50M
CPRI icon
7
Capri Holdings
CPRI
$1.88B
$42.3M 4.17%
841,071
+121,228
+17% +$6.05M
OLK
8
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
$41.4M 4.08%
+1,644,551
New +$38.7M
ACI icon
9
Albertsons Companies
ACI
$5.67B
$38.8M 3.83%
1,686,669
+439,271
+35% +$9.7M
AYX
10
DELISTED
Alteryx Inc
AYX
$37M 3.65%
+783,720
New +$30.4M
TGH
11
DELISTED
Textainer Group Holdings limited
TGH
$29M 2.86%
+589,199
New +$27.1M
KRTX
12
DELISTED
Karuna Therapeutics, Inc. Common Stock
KRTX
$27.6M 2.73%
+87,325
New +$17M
RPT
13
DELISTED
RPT Realty Common Shares of Beneficial Interest (MD)
RPT
$27.4M 2.71%
2,137,345
+207,165
+11% +$2.36M
CMBT
14
CMB.TECH NV
CMBT
$4.47B
$27.1M 2.68%
+1,541,958
New +$27.3M
IMGN
15
DELISTED
Immunogen Inc
IMGN
$26.5M 2.62%
+893,758
New +$17.8M
CERE
16
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
$24.9M 2.46%
+588,100
New +$16.9M
SIMO icon
17
Silicon Motion
SIMO
$7.51B
$23.4M 2.31%
382,047
-98,201
-20% -$5.61M
ROVR
18
DELISTED
Rover Group, Inc. Class A Common Stock
ROVR
$23M 2.27%
+2,117,588
New +$17.9M
MRTX
19
DELISTED
Mirati Therapeutics, Inc. Common Stock
MRTX
$20.2M 1.99%
+343,735
New +$19.3M
ESMT
20
DELISTED
EngageSmart, Inc.
ESMT
$17.9M 1.77%
+781,752
New +$17.3M
BVH
21
DELISTED
Bluegreen Vacations Holding Corporation
BVH
$17.4M 1.72%
+231,891
New +$13.5M
X
22
DELISTED
US Steel
X
$16.1M 1.59%
+330,143
New +$12M
RYZB
23
DELISTED
RayzeBio, Inc. Common Stock
RYZB
$14M 1.38%
+225,565
New +$5.61M
PGTI
24
DELISTED
PGT, Inc.
PGTI
$14M 1.38%
+343,016
New +$11.2M
ICVX
25
DELISTED
Icosavax, Inc. Common Stock
ICVX
$13.8M 1.36%
+876,000
New +$8.44M
1
2 3 4 5

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IWP
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GEM
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FTM
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SI
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WP
WealthShield Partners Cary, North Carolina $898M AUM 19.35% 1-Year Est. Return
BFFIM
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SFM
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DA
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Water Island Capital's Q4 2023 Portfolio in Review

As of Q4 2023, Water Island Capital held 116 positions worth $1.01B, down 9.5% from $1.12B the previous quarter. Its ten largest holdings account for 57% of the portfolio.

Water Island Capital withdrew a net $228M in Q4 2023, closing 58 positions and reducing 6 holdings. Its most notable exit was Activision Blizzard, an estimated $104M position sold in full.

By sector, the portfolio is most concentrated in Healthcare at 23% of assets, up from 17% a quarter earlier, followed by Energy and Technology.

Against the trend, Water Island Capital opened a new position in Pioneer Natural Resource Co. worth $80.6M.

  • Water Island Capital's largest Q4 2023 buy was Pioneer Natural Resource Co.: 358,308 shares worth $80.6M.
  • Water Island Capital added most to Splunk Inc in Q4 2023, an estimated $43.5M increase.
  • Water Island Capital's biggest Q4 2023 reduction was TXNM Energy Inc, cutting an estimated $40.7M.
  • Water Island Capital fully exited Activision Blizzard in Q4 2023, selling an estimated $104M.
  • Water Island Capital's ten largest holdings make up 57% of its $1.01B portfolio in Q4 2023.
  • Water Island Capital opened 34 new positions and closed 58 in Q4 2023.
  • Water Island Capital's portfolio value fell 9.5% quarter-over-quarter to $1.01B.

Based on Water Island Capital's 13F filing for Q4 2023, filed 13 Feb 2024.