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WIC

Water Island Capital Portfolio holdings

AUM $1.08B
1-Year Est. Return 105.75%
This Fund
S&P 500
This Quarter Est. Return
+16.1%
1 Year Est. Return
+105.75%
3 Year Est. Return
+437.83%
5 Year Est. Return
+1,485.53%
10 Year Est. Return
+23,012.79%
AUM
$1.08B
AUM Growth
+$179M
Cap. Flow
+$118M
Cap. Flow %
11.02%
Top 10 Hldgs %
42.99%
Holding
138
New
42
Increased
23
Reduced
13
Closed
53

Top Buys

Rank Stock Value
1
TMHC
Taylor Morrison
TMHC
+$46.2M
2
CZR icon
Caesars Entertainment
CZR
+$36.2M
3
CPRX
Catalyst Pharmaceutical
CPRX
+$27.6M
4
RAMP icon
LiveRamp
RAMP
+$26.5M
5
D icon
Dominion Energy
D
+$24.8M

Top Sells

Rank Stock Value
1
HOLX
Hologic
HOLX
+$42.3M
2
MASI
Masimo
MASI
+$34.5M
3
TPH
Tri Pointe Homes
TPH
+$25.1M
4
GLDD
Great Lakes Dredge & Dock
GLDD
+$21.5M
5
ACLX
Arcellx
ACLX
+$21.1M

Sector Composition

Rank Sector Weight
1 Healthcare 16.99%
2 Miscellaneous 15.69%
3 Industrials 13.87%
4 Communication Services 12.09%
5 Financials 11.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TMHC
1
DELISTED
Taylor Morrison
TMHC
$52.2M 4.85%
+727,492
New +$46.2M
EA
2
DELISTED
Electronic Arts
EA
$51.9M 4.82%
252,932
+3,044
+1% +$617K
GTLS
3
DELISTED
Chart Industries
GTLS
$49.6M 4.62%
237,599
+47,660
+25% +$9.9M
PEN icon
4
Penumbra
PEN
$12.7B
$47.5M 4.42%
150,456
+30,361
+25% +$9.84M
WBD icon
5
Warner Bros
WBD
$70.8B
$46.4M 4.32%
1,740,468
+123,448
+8% +$3.34M
JHG
6
DELISTED
Janus Henderson
JHG
$46.3M 4.31%
890,916
-31,361
-3% -$1.62M
NSC icon
7
Norfolk Southern
NSC
$74B
$46M 4.28%
146,283
+12,232
+9% +$3.77M
TXNM
8
TXNM Energy Inc
TXNM
$5.98B
$41.9M 3.9%
737,734
+62,867
+9% +$3.69M
WBD icon
9
PUT
Warner Bros
WBD
$70.8B
$40.7M 3.78%
1,525,200
+475,700
+45% +$12.9M
CZR icon
10
Caesars Entertainment
CZR
$6.05B
$39.6M 3.69%
1,313,074
+1,283,574
+4,351% +$36.2M
SPY icon
11
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$814B
$33.6M 3.13%
+45,000
New +$32.6M
WBS
12
DELISTED
Webster Financial
WBS
$33.4M 3.11%
437,210
+21,387
+5% +$1.56M
NSA
13
DELISTED
National Storage Affiliates Trust
NSA
$32.4M 3.01%
728,454
+152,230
+26% +$6.52M
SLAB icon
14
Silicon Laboratories
SLAB
$7.36B
$32.4M 3.01%
148,138
+89,721
+154% +$19.4M
RAMP icon
15
LiveRamp
RAMP
$2.3B
$30.3M 2.82%
+805,327
New +$26.5M
CPRX
16
DELISTED
Catalyst Pharmaceutical
CPRX
$29.3M 2.73%
+933,819
New +$27.6M
D icon
17
Dominion Energy
D
$57.9B
$26M 2.42%
+381,231
New +$24.8M
ACA icon
18
Arcosa
ACA
$7.14B
$25.2M 2.35%
+173,589
New +$21.6M
TECH icon
19
Bio-Techne
TECH
$11.4B
$23.7M 2.21%
+335,727
New +$18.1M
WSR
20
DELISTED
Whitestone REIT
WSR
$23.3M 2.17%
+1,227,709
New +$23.1M
ROKU icon
21
Roku
ROKU
$23.1B
$22.8M 2.12%
+164,890
New +$20.1M
BLD
22
DELISTED
TopBuild
BLD
$21.8M 2.03%
+51,251
New +$21.1M
DBRG icon
23
DigitalBridge
DBRG
$2.99B
$21.7M 2.02%
1,376,380
+77,329
+6% +$1.21M
AVNS
24
DELISTED
Avanos Medical
AVNS
$19.9M 1.85%
+799,002
New +$18.7M
SILA
25
DELISTED
Sila Realty Trust
SILA
$18.9M 1.76%
+623,872
New +$18.2M
1
2 3 4 5

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Water Island Capital's Q2 2026 Portfolio in Review

As of Q2 2026, Water Island Capital held 138 positions worth $1.08B, up 20% from $896M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Water Island Capital deployed $118M of net new capital in Q2 2026, opening 42 new positions and adding to 23 existing holdings. Its largest new stake was Taylor Morrison: 727,492 shares worth $52.2M.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 22% a quarter earlier, followed by Miscellaneous and Industrials.

On the sell side, the largest reduction was Kenvue, an estimated $5.26M trimmed.

  • Water Island Capital's largest Q2 2026 buy was Taylor Morrison: 727,492 shares worth $52.2M.
  • Water Island Capital added most to Caesars Entertainment in Q2 2026, an estimated $36.2M increase.
  • Water Island Capital's biggest Q2 2026 reduction was Kenvue, cutting an estimated $5.26M.
  • Water Island Capital fully exited Hologic in Q2 2026, selling an estimated $42.3M.
  • Water Island Capital's ten largest holdings make up 43% of its $1.08B portfolio in Q2 2026.
  • Water Island Capital opened 42 new positions and closed 53 in Q2 2026.
  • Water Island Capital's portfolio value rose 20% quarter-over-quarter to $1.08B.

Based on Water Island Capital's 13F filing for Q2 2026, filed 14 Aug 2026.