Water Island Capital’s Metals Acquisition MTAL Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-103,254	Closed	-$1.26M	–	116
2025 Q3	$1.26M	Buy	103,254 +36,586	+55%	+$443K	0.16%	66
2025 Q2	$806K	Buy	+66,668	New	+$689K	0.11%	64

Other funds holding MTAL

IFP Advisors Tampa, Florida $5.54B AUM 27.43% 1-Year Est. Return

Water Island Capital's MTAL Position: Q4 2025 in Review

Water Island Capital sold out of Metals Acquisition (MTAL) in Q4 2025, closing a stake of 103,254 shares — an estimated $1.26M sold.

Water Island Capital first reported a position in MTAL in Q2 2025 and held it in 2 quarters. The position peaked at $1.26M in Q3 2025. 1 fund tracked by Wall St. Rank holds MTAL as of Q4 2025.

Water Island Capital reported no remaining Metals Acquisition position as of Q4 2025 after selling out during the quarter.
Water Island Capital sold 103,254 Metals Acquisition shares in Q4 2025, an estimated $1.26M.
Water Island Capital first reported a position in Metals Acquisition in Q2 2025 and held it in 2 quarters.
Water Island Capital's Metals Acquisition position peaked at $1.26M in Q3 2025.
1 fund tracked by Wall St. Rank held Metals Acquisition as of Q4 2025.

Based on Water Island Capital's 13F filing for Q4 2025, filed 17 Feb 2026.