Water Island Capital’s H&E Equipment Services HEES Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-231,400	Closed	-$21.9M	–	86
2025 Q1	$21.9M	Buy	+231,400	New	+$20.1M	2.87%	11

Other funds holding HEES

DekaBank Deutsche Girozentrale Frankfurt, Germany $60.6B AUM 23.27% 1-Year Est. Return

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

BIG

Brooklyn Investment Group Brooklyn, New York $3.2B AUM 26.32% 1-Year Est. Return

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

Water Island Capital sold out of H&E Equipment Services (HEES) in Q2 2025, closing a stake of 431,648 shares — an estimated $40.9M sold.

Water Island Capital first reported a position in HEES in Q1 2025 and held it in 1 quarter. The position peaked at $40.9M in Q1 2025. 3 funds tracked by Wall St. Rank hold HEES as of Q2 2025.

Water Island Capital reported no remaining H&E Equipment Services position as of Q2 2025 after selling out during the quarter.
Water Island Capital sold 431,648 H&E Equipment Services shares in Q2 2025, an estimated $40.9M.
Water Island Capital first reported a position in H&E Equipment Services in Q1 2025 and held it in 1 quarter.
Water Island Capital's H&E Equipment Services position peaked at $40.9M in Q1 2025.
3 funds tracked by Wall St. Rank held H&E Equipment Services as of Q2 2025.

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