Water Island Capital’s Universal Stainless & Alloy USAP Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-26,054	Closed	-$1.15M	–	113
2024 Q4	$1.15M	Buy	+26,054	New	+$1.13M	0.12%	63

Other funds holding USAP

AAG

Armstrong Advisory Group Needham, Massachusetts $1.64B AUM 19.37% 1-Year Est. Return

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

Water Island Capital's USAP Position: Q1 2025 in Review

Water Island Capital sold out of Universal Stainless & Alloy (USAP) in Q1 2025, closing a stake of 26,054 shares — an estimated $1.15M sold.

Water Island Capital first reported a position in USAP in Q4 2024 and held it in 1 quarter. The position peaked at $1.15M in Q4 2024. 2 funds tracked by Wall St. Rank hold USAP as of Q1 2025.

Water Island Capital reported no remaining Universal Stainless & Alloy position as of Q1 2025 after selling out during the quarter.
Water Island Capital sold 26,054 Universal Stainless & Alloy shares in Q1 2025, an estimated $1.15M.
Water Island Capital first reported a position in Universal Stainless & Alloy in Q4 2024 and held it in 1 quarter.
Water Island Capital's Universal Stainless & Alloy position peaked at $1.15M in Q4 2024.
2 funds tracked by Wall St. Rank held Universal Stainless & Alloy as of Q1 2025.

Based on Water Island Capital's 13F filing for Q1 2025, filed 15 May 2025.