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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
+11.67%
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
$962M
AUM Growth
-$51.6M
Cap. Flow
-$97.1M
Cap. Flow %
-10.09%
Top 10 Hldgs %
55.5%
Holding
85
New
27
Increased
6
Reduced
15
Closed
24

Top Buys

Rank Stock Value
1
AXNX
Axonics, Inc. Common Stock
AXNX
+$47.9M
2
DOOR
MASONITE INTERNATIONAL CORP
DOOR
+$39.8M
3
ANSS
Ansys
ANSS
+$39.7M
4
EVBG
Everbridge, Inc. Common Stock
EVBG
+$39.6M
5
MGRC icon
McGrath RentCorp
MGRC
+$35.7M

Top Sells

Rank Stock Value
1
SPLK
Splunk Inc
SPLK
+$73M
2
SOVO
Sovos Brands, Inc. Common Stock
SOVO
+$64.8M
3
SRC
SPIRIT REALTY CAPITAL, INC.
SRC
+$56.7M
4
AYX
Alteryx Inc
AYX
+$37M
5
TGH
Textainer Group Holdings limited
TGH
+$29M

Sector Composition

Rank Sector Weight
1 Healthcare 22.57%
2 Technology 18.28%
3 Energy 17.16%
4 Industrials 9.23%
5 Consumer Discretionary 7.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PXD
1
DELISTED
Pioneer Natural Resource Co.
PXD
$94.2M 9.79%
358,698
+390
+0.1% +$91.4K
HES
2
DELISTED
Hess
HES
$65.6M 6.83%
430,059
-102,084
-19% -$14.8M
AMED
3
DELISTED
Amedisys
AMED
$64.9M 6.74%
703,877
-6,820
-1% -$639K
EVBG
4
DELISTED
Everbridge, Inc. Common Stock
EVBG
$49M 5.09%
+1,406,511
New +$39.6M
AXNX
5
DELISTED
Axonics, Inc. Common Stock
AXNX
$49M 5.09%
+710,124
New +$47.9M
DOOR
6
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
$46.5M 4.83%
+353,433
New +$39.8M
X
7
DELISTED
US Steel
X
$43.8M 4.56%
1,074,525
+744,382
+225% +$34.1M
ACI icon
8
Albertsons Companies
ACI
$5.67B
$41.1M 4.27%
1,917,564
+230,895
+14% +$4.95M
ANSS
9
DELISTED
Ansys
ANSS
$40.7M 4.23%
+117,277
New +$39.7M
OLK
10
DELISTED
Olink Holding AB (publ) American Depositary Shares
OLK
$39M 4.06%
1,660,619
+16,068
+1% +$388K
CPRI icon
11
Capri Holdings
CPRI
$1.88B
$37.7M 3.92%
832,086
-8,985
-1% -$428K
MGRC icon
12
McGrath RentCorp
MGRC
$2.95B
$36.4M 3.79%
+295,429
New +$35.7M
TCN
13
DELISTED
Tricon Residential Inc.
TCN
$36.3M 3.78%
+3,259,880
New +$34.8M
CPRI icon
14
PUT
Capri Holdings
CPRI
$1.88B
$36.3M 3.78%
+802,200
New +$38.2M
MDC
15
DELISTED
M.D.C. Holdings, Inc.
MDC
$35.4M 3.68%
+561,965
New +$34.3M
JNPR
16
DELISTED
Juniper Networks
JNPR
$34M 3.54%
+918,041
New +$33.5M
CERE
17
DELISTED
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
$33.3M 3.47%
788,870
+200,770
+34% +$8.43M
VZIO
18
DELISTED
VIZIO Holding Corp.
VZIO
$31.5M 3.27%
+2,876,321
New +$26.4M
CTLT
19
DELISTED
CATALENT, INC.
CTLT
$30.8M 3.2%
+544,860
New +$29.5M
SIMO icon
20
Silicon Motion
SIMO
$7.51B
$18.7M 1.94%
242,792
-139,255
-36% -$9.51M
TXNM
21
TXNM Energy Inc
TXNM
$6.43B
$11M 1.15%
292,596
-7,629
-3% -$284K
FUSN
22
CALL
DELISTED
Fusion Pharmaceuticals Inc. Common Shares
FUSN
$10.7M 1.11%
+500,000
New +$5.98M
X
23
PUT
DELISTED
US Steel
X
$8.73M 0.91%
214,000
– –
ILCV icon
24
PUT
iShares Morningstar Value ETF
ILCV
$1.32B
$7.77M 0.81%
100,000
– –
HA
25
PUT
DELISTED
Hawaiian Holdings, Inc.
HA
$6.43M 0.67%
482,500
-100
-0% -$1.39K
1
2 3 4

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Water Island Capital's Q1 2024 Portfolio in Review

As of Q1 2024, Water Island Capital held 85 positions worth $962M, down 5.1% from $1.01B the previous quarter. Its ten largest holdings account for 55% of the portfolio.

Water Island Capital withdrew a net $97.1M in Q1 2024, closing 24 positions and reducing 15 holdings. Its most notable exit was Splunk Inc, an estimated $73M position sold in full.

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

Against the trend, Water Island Capital opened a new position in Axonics, Inc. Common Stock worth $49M.

  • Water Island Capital's largest Q1 2024 buy was Axonics, Inc. Common Stock: 710,124 shares worth $49M.
  • Water Island Capital added most to US Steel in Q1 2024, an estimated $34.1M increase.
  • Water Island Capital's biggest Q1 2024 reduction was Hess, cutting an estimated $14.8M.
  • Water Island Capital fully exited Splunk Inc in Q1 2024, selling an estimated $73M.
  • Water Island Capital's ten largest holdings make up 55% of its $962M portfolio in Q1 2024.
  • Water Island Capital opened 27 new positions and closed 24 in Q1 2024.
  • Water Island Capital's portfolio value fell 5.1% quarter-over-quarter to $962M.

Based on Water Island Capital's 13F filing for Q1 2024, filed 15 May 2024.