Water Island Capital’s The First Bancshares, Inc. FBMS Stock Holding History

Water Island Capital’s Portfolio FBMS Stock Details FBMS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-21,434	Closed	-$725K	–	118
2025 Q1	$725K	Sell	21,434 -12,911	-38%	-$461K	0.09%	74
2024 Q4	$1.2M	Buy	34,345 +21,402	+165%	+$746K	0.13%	61
2024 Q3	$416K	Buy	+12,943	New	+$401K	0.04%	70

Other funds holding FBMS

Osaic Holdings Scottsdale, Arizona $68.3B AUM 20.5% 1-Year Est. Return

Water Island Capital's FBMS Position: Q2 2025 in Review

Water Island Capital sold out of The First Bancshares, Inc. (FBMS) in Q2 2025, closing a stake of 21,434 shares — an estimated $725K sold.

Water Island Capital first reported a position in FBMS in Q3 2024 and held it in 3 quarters. The position peaked at $1.2M in Q4 2024. 1 fund tracked by Wall St. Rank holds FBMS as of Q2 2025.

Water Island Capital reported no remaining The First Bancshares, Inc. position as of Q2 2025 after selling out during the quarter.
Water Island Capital sold 21,434 The First Bancshares, Inc. shares in Q2 2025, an estimated $725K.
Water Island Capital first reported a position in The First Bancshares, Inc. in Q3 2024 and held it in 3 quarters.
Water Island Capital's The First Bancshares, Inc. position peaked at $1.2M in Q4 2024.
1 fund tracked by Wall St. Rank held The First Bancshares, Inc. as of Q2 2025.

Based on Water Island Capital's 13F filing for Q2 2025, filed 14 Aug 2025.