Latest WATER ISLAND CAPITAL LLC Stock Portfolio

WATER ISLAND CAPITAL LLC Performance:

2024 Q4: 0.68%YTD: 2.03%2023: -6.77%

Performance for 2024 Q4 is 0.68%, and YTD is 2.03%, and 2023 is -6.77%.

About WATER ISLAND CAPITAL LLC and 13F Hedge Fund Stock Holdings

WATER ISLAND CAPITAL LLC is a hedge fund based in NEW YORK, NY. On 30-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $2.3 Billions. In it's latest 13F Holdings report, WATER ISLAND CAPITAL LLC reported an equity portfolio of $925.7 Millions as of 31 Dec, 2024.

The top stock holdings of WATER ISLAND CAPITAL LLC are AMED, HES, K. The fund has invested 5.9% of it's portfolio in AMEDISYS INC and 5.9% of portfolio in HESS CORP.

The fund managers got completely rid off AXONICS INC (AXNX), SQUARESPACE INC (SQSP) and MARATHON OIL CORP (MRO) stocks. They significantly reduced their stock positions in SPIRIT AEROSYSTEMS HLDGS INC (SPR), REVANCE THERAPEUTICS INC (RVNC) and UNITED STATES STL CORP NEW (X). WATER ISLAND CAPITAL LLC opened new stock positions in ZUORA INC (ZUO), RETAIL OPPORTUNITY INVTS COR (ROIC) and AVID BIOSERVICES INC (CDMO). The fund showed a lot of confidence in some stocks as they added substantially to ARCH RESOURCES INC (ARCH), FIRST BANCSHARES INC MISS (FBMS) and SMARTSHEET INC (SMAR).

WATER ISLAND CAPITAL LLC Annual Return Estimates Vs S&P 500

Our best estimate is that WATER ISLAND CAPITAL LLC made a return of 0.68% in the last quarter. In trailing 12 months, it's portfolio return was 2.03%.

New Buys

Ticker	$ Bought
zuora inc	24,031,300
retail opportunity invts cor	22,767,100
avid bioservices inc	19,714,800
summit matls inc	19,475,300
altair engr inc	15,767,400
arcadium lithium plc	14,223,900
berry global group inc	11,412,600
barnes group inc	10,837,000

New stocks bought by WATER ISLAND CAPITAL LLC

Additions

Ticker	% Inc.
arch resources inc	240
first bancshares inc miss	165
smartsheet inc	96.1
frontier communications pare	84.42
techtarget inc	54.32
allete inc	36.25
heartland finl usa inc	33.82
crossfirst bankshares inc	29.42

Additions to existing portfolio by WATER ISLAND CAPITAL LLC

Reductions

Ticker	% Reduced
spirit aerosystems hldgs inc	-87.47
revance therapeutics inc	-69.67
united states stl corp new	-33.47
mcgrath rentcorp	-33.16
discover finl svcs	-13.47
albertsons cos inc	-4.32
hess corp	-2.76
championx corporation	-1.92

WATER ISLAND CAPITAL LLC reduced stake in above stock

Sold off

Ticker	$ Sold
envestnet inc	-7,632,250
perficient inc	-4,671,480
vizio hldg corp	-37,453,500
thoughtworks holding inc	-9,675,380
r1 rcm inc	-28,826,300
marathon oil corp	-43,377,100
squarespace inc	-46,206,400
instructure hldgs inc	-19,975,900

WATER ISLAND CAPITAL LLC got rid off the above stocks

Sector Distribution

WATER ISLAND CAPITAL LLC has about 26.6% of it's holdings in Technology sector.

Sector	%
Technology	26.6
Communication Services	12
Healthcare	11.8
Energy	11.6
Consumer Defensive	11.6
Consumer Cyclical	8.2
Basic Materials	5.6
Industrials	4.6
Real Estate	3
Financial Services	2.7
Others	2.2

Market Cap. Distribution

WATER ISLAND CAPITAL LLC has about 30.3% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	48.5
LARGE-CAP	30.3
SMALL-CAP	18.9
UNALLOCATED	2.2

Stocks belong to which Index?

About 61.1% of the stocks held by WATER ISLAND CAPITAL LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	38.9
RUSSELL 2000	33.5
S&P 500	27.6

Top 5 Winners (%)		%
CTV	innovid corp	56.1 %
CCRN	cross ctry healthcare inc	48.5 %
PDCO	patterson cos inc	46.9 %
BCOV	brightcove inc	43.1 %
PTVE	pactiv evergreen inc	42.1 %

Top 5 Winners ($)		$
EDR	endeavor group hldgs inc	3.7 M
PDCO	patterson cos inc	2.3 M
ACI	albertsons cos inc	2.2 M
CCRN	cross ctry healthcare inc	2.2 M
ANSS	ansys inc	2.1 M

Top 5 Losers (%)		%
RVNC	revance therapeutics inc	-31.0 %
CHX	championx corporation	-9.7 %
CFB	crossfirst bankshares inc	-8.6 %
AMED	amedisys inc	-5.9 %
IPG	interpublic group cos inc	-5.3 %

Top 5 Losers ($)		$
RVNC	revance therapeutics inc	-3.8 M
AMED	amedisys inc	-3.4 M
CHX	championx corporation	-3.3 M
JNPR	juniper networks inc	-1.3 M
HES	hess corp	-1.1 M

WATER ISLAND CAPITAL LLC Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of WATER ISLAND CAPITAL LLC

WATER ISLAND CAPITAL LLC has 49 stocks in it's portfolio. About 46.5% of the portfolio is in top 10 stocks. RVNC proved to be the most loss making stock for the portfolio. EDR was the most profitable stock for WATER ISLAND CAPITAL LLC last quarter.

Last Reported on: 13 Feb, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAN	the aarons company inc	0.00	0.00	0.00	sold off	-100

ACI	albertsons cos inc	3.95	1,862,710	36,583,700	reduced	-4.32

AGR	avangrid inc	0.00	0.00	0.00	sold off	-100

AGS	playags inc	0.11	90,244	1,040,510	added	14.9

ALE	allete inc	0.20	28,162	1,824,900	added	36.25

ALTR	altair engr inc	1.70	144,509	15,767,400	new

AMED	amedisys inc	5.92	603,565	54,797,700	added	0.32

ANSS	ansys inc	4.30	117,899	39,770,900	added	3.34

ARCH	arch resources inc	0.28	18,173	2,566,390	added	240

ATSG	air trans svcs group inc	0.54	5,000,000	5,019,190	new

AXNX	axonics inc	0.00	0.00	0.00	sold off	-100

B	barnes group inc	1.17	229,306	10,837,000	new

BA	boeing co	0.53	80,000	4,871,200	new

BALY	ballys corporation	0.06	32,372	579,136	new

BALY	ballys corporation	0.00	0.00	0.00	sold off	-100

BCOV	brightcove inc	0.04	86,500	376,275	new

BERY	berry global group inc	1.23	176,474	11,412,600	new

BL	blackline inc	0.31	3,071,000	2,879,580	unchanged	0.00

BRKL	brookline bancorp inc del	0.08	60,587	714,927	new

BSY	bentley sys inc	0.49	5,000,000	4,511,880	unchanged	0.00