Latest WATER ISLAND CAPITAL LLC Stock Portfolio

WATER ISLAND CAPITAL LLC Performance:

2024 Q3: 0.64%YTD: 1.34%2023: -6.77%

Performance for 2024 Q3 is 0.64%, and YTD is 1.34%, 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 $992.7 Millions as of 30 Sep, 2024.

The top stock holdings of WATER ISLAND CAPITAL LLC are AMED, HES, K. The fund has invested 5.8% of it's portfolio in AMEDISYS INC and 5.8% of portfolio in HESS CORP.

The fund managers got completely rid off OLINK HLDG AB, CEREVEL THERAPEUTICS HLDNG I (CERE) and HIBBETT INC (HIBB) stocks. They significantly reduced their stock positions in THE AARONS COMPANY INC (AAN), PLAYAGS INC (AGS) and POWERSCHOOL HOLDINGS INC (PWSC). WATER ISLAND CAPITAL LLC opened new stock positions in KELLANOVA (K), EVERI HLDGS INC (EVRI) and R1 RCM INC (RCM). The fund showed a lot of confidence in some stocks as they added substantially to HAYNES INTL INC (HAYN), MARATHON OIL CORP (MRO) and NUVEI CORPORATION.

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

Our best estimate is that WATER ISLAND CAPITAL LLC made a return of 0.64% in the last quarter. In trailing 12 months, it's portfolio return was 3.89%.

New Buys

Ticker	$ Bought
kellanova	50,022,800
everi hldgs inc	33,562,400
r1 rcm inc	28,826,300
instructure hldgs inc	19,975,900
petiq inc	18,972,800
paramount global	15,923,400
smartsheet inc	15,693,300
frontier communications pare	14,648,200

New stocks bought by WATER ISLAND CAPITAL LLC

Additions

Ticker	% Inc.
haynes intl inc	125
bentley sys inc	100
techtarget inc	82.1
marathon oil corp	40.36
nuvei corporation	36.22
endeavor group hldgs inc	25.84
squarespace inc	17.01
heartland finl usa inc	15.98

Additions to existing portfolio by WATER ISLAND CAPITAL LLC

Reductions

Ticker	% Reduced
the aarons company inc	-92.39
playags inc	-91.34
powerschool holdings inc	-89.84
allete inc	-88.87
blackline inc	-72.26
atlantica sustainable infr p	-71.87
stericycle inc	-68.83
perficient inc	-65.55

WATER ISLAND CAPITAL LLC reduced stake in above stock

Sold off

Ticker	$ Sold
biomarin pharmaceutical inc	-7,321,460
everbridge inc	-4,912,500
jazz investments i ltd	-2,982,000
infinera corp	-9,195,900
olink hldg ab	-37,150,100
walkme ltd	-11,902,400
cerevel therapeutics hldng i	-31,359,900
diamond offshore drilling in	-11,017,500

WATER ISLAND CAPITAL LLC got rid off the above stocks

Sector Distribution

WATER ISLAND CAPITAL LLC has about 29.1% of it's holdings in Technology sector.

Sector	%
Technology	29.1
Healthcare	22.1
Energy	15.5
Consumer Defensive	10.6
Communication Services	7.5
Consumer Cyclical	5
Industrials	4
Basic Materials	3.5
Financial Services	1.8

Market Cap. Distribution

WATER ISLAND CAPITAL LLC has about 32.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
MID-CAP	55.4
LARGE-CAP	32.1
SMALL-CAP	11.9

Stocks belong to which Index?

About 69.3% of the stocks held by WATER ISLAND CAPITAL LLC either belong to S&P 500 or RUSSELL 2000 index.

Index	%
RUSSELL 2000	39.5
Others	30.7
S&P 500	29.8

Top 5 Winners (%)		%
IBTX	independent bank group inc	26.4 %
FYBR	frontier communications pare	24.1 %
HTLF	heartland finl usa inc	24.0 %
PACB	pacific biosciences calif in	23.2 %
SMAR	smartsheet inc	13.4 %

Top 5 Winners ($)		$
AMED	amedisys inc	3.4 M
FYBR	frontier communications pare	2.8 M
SQSP	squarespace inc	2.6 M
CTLT	catalent inc	2.4 M
JNPR	juniper networks inc	2.2 M

Top 5 Losers (%)		%
CHX	championx corporation	-8.9 %
HES	hess corp	-7.9 %
SRDX	surmodics inc	-7.5 %
ACI	albertsons cos inc	-6.4 %
MRO	marathon oil corp	-6.4 %

Top 5 Losers ($)		$
HES	hess corp	-5.0 M
CHX	championx corporation	-3.4 M
MRO	marathon oil corp	-3.0 M
ACI	albertsons cos inc	-2.5 M
X	united states stl corp new	-2.2 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 56 stocks in it's portfolio. About 46.1% of the portfolio is in top 10 stocks. HES proved to be the most loss making stock for the portfolio. AMED was the most profitable stock for WATER ISLAND CAPITAL LLC last quarter.

Last Reported on: 14 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AAN	the aarons company inc	0.07	74,030	736,599	reduced	-92.39

ACI	albertsons cos inc	3.62	1,946,900	35,978,700	added	3.17

AGR	avangrid inc	0.06	17,391	622,424	reduced	-48.68

AGS	playags inc	0.09	78,540	894,571	reduced	-91.34

ALE	allete inc	0.13	20,669	1,326,740	reduced	-88.87

AMED	amedisys inc	5.85	601,615	58,061,900	reduced	-14.3

AMK	assetmark finl hldgs inc	0.00	0.00	0.00	sold off	-100

ANSS	ansys inc	3.66	114,088	36,351,900	reduced	-1.51

ARCH	arch resources inc	0.07	5,342	738,051	new

ATRI	atrion corp	0.00	0.00	0.00	sold off	-100

AXNX	axonics inc	4.85	691,839	48,152,000	added	3.1

BALY	ballys corporation	0.04	25,364	437,529	new

BL	blackline inc	0.29	3,071,000	2,863,710	reduced	-72.26

BMRN	biomarin pharmaceutical inc	0.00	0.00	0.00	sold off	-100

BSY	bentley sys inc	0.47	5,000,000	4,614,640	added	100

CCI	crown castle inc	0.00	0.00	0.00	sold off	-100

CERE	cerevel therapeutics hldng i	0.00	0.00	0.00	sold off	-100

CFB	crossfirst bankshares inc	0.04	23,519	392,532	new

CHUY	chuys hldgs inc	1.08	287,800	10,763,700	new

CHX	championx corporation	3.46	1,138,480	34,325,200	added	6.85