Water Island Capital’s Verona Pharma VRNA Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-290,182	Closed	-$31M	–	131
2025 Q3	$31M	Buy	+290,182	New	+$30.3M	3.9%	3

Other funds holding VRNA

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

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

Water Island Capital sold out of Verona Pharma (VRNA) in Q4 2025, closing a stake of 290,182 shares — an estimated $31M sold.

Water Island Capital first reported a position in VRNA in Q3 2025 and held it in 1 quarter. The position peaked at $31M in Q3 2025. 1 fund tracked by Wall St. Rank holds VRNA as of Q4 2025.

Water Island Capital reported no remaining Verona Pharma position as of Q4 2025 after selling out during the quarter.
Water Island Capital sold 290,182 Verona Pharma shares in Q4 2025, an estimated $31M.
Water Island Capital first reported a position in Verona Pharma in Q3 2025 and held it in 1 quarter.
Water Island Capital's Verona Pharma position peaked at $31M in Q3 2025.
1 fund tracked by Wall St. Rank held Verona Pharma as of Q4 2025.

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