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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
+9.26%
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
$993M
AUM Growth
+$6.07M
Cap. Flow
-$53.7M
Cap. Flow %
-5.41%
Top 10 Hldgs %
46.1%
Holding
105
New
29
Increased
15
Reduced
21
Closed
26

Top Buys

Rank Stock Value
1
K
Kellanova
K
+$44.1M
2
EVRI
Everi Holdings
EVRI
+$30.1M
3
RCM
R1 RCM Inc. Common Stock
RCM
+$27.6M
4
INST
Instructure Holdings, Inc.
INST
+$20M
5
PETQ
PetIQ, Inc. Class A Common Stock
PETQ
+$16.7M

Top Sells

Rank Stock Value
1
OLK
Olink Holding AB (publ) American Depositary Shares
OLK
+$37.2M
2
CERE
Cerevel Therapeutics Holdings, Inc. Common Stock
CERE
+$31.4M
3
HIBB
Hibbett, Inc. Common Stock
HIBB
+$20.5M
4
WIRE
Encore Wire Corp
WIRE
+$17.3M
5
PRFT
Perficient Inc
PRFT
+$15M

Sector Composition

Rank Sector Weight
1 Technology 26.55%
2 Healthcare 17.42%
3 Energy 14.4%
4 Consumer Staples 9.79%
5 Communication Services 6.94%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMED
1
DELISTED
Amedisys
AMED
$58.1M 5.85%
601,615
-100,425
-14% -$9.8M
HES
2
DELISTED
Hess
HES
$57.2M 5.76%
421,402
-1,869
-0.4% -$260K
K
3
DELISTED
Kellanova
K
$50M 5.04%
+619,784
New +$44.1M
AXNX
4
DELISTED
Axonics, Inc. Common Stock
AXNX
$48.2M 4.85%
691,839
+20,786
+3% +$1.43M
SQSP
5
DELISTED
Squarespace, Inc.
SQSP
$46.2M 4.65%
995,185
+144,690
+17% +$6.49M
MRO
6
DELISTED
Marathon Oil Corporation
MRO
$43.4M 4.37%
1,628,880
+468,339
+40% +$13M
HCP
7
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
$42.9M 4.32%
1,266,110
+145,229
+13% +$4.9M
EDR
8
DELISTED
Endeavor Group Holdings, Inc.
EDR
$37.9M 3.82%
1,326,661
+272,393
+26% +$7.49M
VZIO
9
DELISTED
VIZIO Holding Corp.
VZIO
$37.5M 3.77%
3,353,047
+160,969
+5% +$1.78M
ANSS
10
DELISTED
Ansys
ANSS
$36.4M 3.66%
114,088
-1,755
-2% -$558K
ACI icon
11
Albertsons Companies
ACI
$5.57B
$36M 3.62%
1,946,902
+59,847
+3% +$1.17M
CTLT
12
DELISTED
CATALENT, INC.
CTLT
$34.4M 3.46%
567,174
+29,318
+5% +$1.73M
CHX
13
DELISTED
ChampionX
CHX
$34.3M 3.46%
1,138,481
+73,009
+7% +$2.31M
JNPR
14
DELISTED
Juniper Networks
JNPR
$33.7M 3.39%
863,361
-1,336
-0.2% -$51K
EVRI
15
DELISTED
Everi Holdings
EVRI
$33.6M 3.38%
+2,554,217
New +$30.1M
X
16
DELISTED
US Steel
X
$31.2M 3.15%
883,980
-22,112
-2% -$842K
RCM
17
DELISTED
R1 RCM Inc. Common Stock
RCM
$28.8M 2.9%
+2,034,317
New +$27.6M
MGRC icon
18
McGrath RentCorp
MGRC
$2.95B
$26.8M 2.7%
254,636
-30,492
-11% -$3.23M
INST
19
DELISTED
Instructure Holdings, Inc.
INST
$20M 2.01%
+848,233
New +$20M
PETQ
20
DELISTED
PetIQ, Inc. Class A Common Stock
PETQ
$19M 1.91%
+616,601
New +$16.7M
PARA
21
DELISTED
Paramount Global Class B
PARA
$15.9M 1.6%
+1,499,382
New +$16.3M
SMAR
22
DELISTED
Smartsheet Inc.
SMAR
$15.7M 1.58%
+283,478
New +$13.7M
FYBR
23
DELISTED
Frontier Communications
FYBR
$14.6M 1.48%
+412,278
New +$12.4M
ESGR
24
DELISTED
Enstar Group
ESGR
$12.5M 1.26%
+38,849
New +$12.6M
RVNC
25
DELISTED
Revance Therapeutics, Inc.
RVNC
$12.4M 1.24%
+2,381,196
New +$11.8M
1
2 3 4

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Water Island Capital's Q3 2024 Portfolio in Review

As of Q3 2024, Water Island Capital held 105 positions worth $993M, up 0.62% from $987M the previous quarter. Its ten largest holdings account for 46% of the portfolio.

Water Island Capital withdrew a net $53.7M in Q3 2024, closing 26 positions and reducing 21 holdings. Its most notable exit was Olink Holding AB (publ) American Depositary Shares, an estimated $37.2M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 26% a quarter earlier, followed by Healthcare and Energy.

Against the trend, Water Island Capital opened a new position in Kellanova worth $50M.

  • Water Island Capital's largest Q3 2024 buy was Kellanova: 619,784 shares worth $50M.
  • Water Island Capital added most to Marathon Oil Corporation in Q3 2024, an estimated $13M increase.
  • Water Island Capital's biggest Q3 2024 reduction was Perficient Inc, cutting an estimated $15M.
  • Water Island Capital fully exited Olink Holding AB (publ) American Depositary Shares in Q3 2024, selling an estimated $37.2M.
  • Water Island Capital's ten largest holdings make up 46% of its $993M portfolio in Q3 2024.
  • Water Island Capital opened 29 new positions and closed 26 in Q3 2024.
  • Water Island Capital's portfolio value rose 0.62% quarter-over-quarter to $993M.

Based on Water Island Capital's 13F filing for Q3 2024, filed 14 Nov 2024.