Water Island Capital’s president and chief investment officer, John Orrico, has a wealth of investment experience. Since 1982, he has worked in the financial services industry, holding a variety of positions in finance and stock trading. Since its inception in 2000, he has served as the hedge fund’s president. Water Island Capital is a hedge fund management company owned by its employees. It had a 13F portfolio valued at $1.74 billion as of the third quarter of 2021 for Water Island Capital. For the company’s new investments, Athene Holding Ltd, MGM Growth Properties LLC, and Five9 Inc are the three most important new holdings.
Here is Insider Monkey’s list of top 10 stocks to buy according to John Orrico’s Water Island Capital. Hedge fund interest in Change Healthcare Inc. has recently dipped. As of the end of the third quarter, there were only 50 long hedge fund positions, down from 51 positions in the previous quarter. At $866 million, Change Healthcare’s revenue exceeded forecasts by $24.41 million. Foodservice equipment is sold by Welbilt, Inc. Pentwater Capital Management owns 1.54 million shares worth more than $384.14 million, making it the largest shareholder. Coherent, Inc. had 37 long positions in Insider Monkey’s database as of September 30, down from 43 long positions a month earlier. Xilinx Inc. was upgraded by Truist analyst William Stein on January 27 to a price target of $190 from $180. Earnings per share for the company were $1.29, beating expectations by $0.27. Compared to the same period last year, revenue increased by 25.8 percent. PPD,Inc. was purchased on December 8, 2021, for $17.4 billion by Thermo Fisher Scientific Inc. Pentwater Capital Management holds 10.64 million shares, making it the company’s largest shareholder. For more details, click Top 10 Stocks To Buy According To John Orrico’s Water Island Capital.