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WIC

Water Island Capital Portfolio holdings

AUM $1.08B
1-Year Est. Return 105.75%
This Fund
S&P 500
This Quarter Est. Return
+16.1%
1 Year Est. Return
+105.75%
3 Year Est. Return
+437.83%
5 Year Est. Return
+1,485.53%
10 Year Est. Return
+23,012.79%
AUM
$1.08B
AUM Growth
+$179M
Cap. Flow
+$118M
Cap. Flow %
11.02%
Top 10 Hldgs %
42.99%
Holding
138
New
42
Increased
23
Reduced
13
Closed
53

Top Buys

Rank Stock Value
1
TMHC
Taylor Morrison
TMHC
+$46.2M
2
CZR icon
Caesars Entertainment
CZR
+$36.2M
3
CPRX
Catalyst Pharmaceutical
CPRX
+$27.6M
4
RAMP icon
LiveRamp
RAMP
+$26.5M
5
D icon
Dominion Energy
D
+$24.8M

Top Sells

Rank Stock Value
1
HOLX
Hologic
HOLX
+$42.3M
2
MASI
Masimo
MASI
+$34.5M
3
TPH
Tri Pointe Homes
TPH
+$25.1M
4
GLDD
Great Lakes Dredge & Dock
GLDD
+$21.5M
5
ACLX
Arcellx
ACLX
+$21.1M

Sector Composition

Rank Sector Weight
1 Healthcare 16.99%
2 Miscellaneous 15.69%
3 Industrials 13.87%
4 Communication Services 12.09%
5 Financials 11.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
EQT icon
51
EQT Corp
EQT
$34.5B
$1.33M 0.12%
+25,000
New +$1.4M
TALK
52
DELISTED
Talkspace
TALK
$1.26M 0.12%
242,655
+26,497
+12% +$138K
GBTG icon
53
American Express Global Business Travel
GBTG
$4.95B
$1.25M 0.12%
+133,456
New +$1.08M
IHS icon
54
IHS Holding
IHS
$2.87B
$1.24M 0.12%
150,235
+12,620
+9% +$104K
CCO icon
55
Clear Channel Outdoor Holdings
CCO
$1.21B
$1.23M 0.11%
507,856
+29,339
+6% +$70.3K
HONA
56
Honeywell Aerospace
HONA
$51B
$1.11M 0.1%
+5,000
New +$1.1M
NWE icon
57
NorthWestern Energy
NWE
$4.35B
$976K 0.09%
13,633
-205
-1% -$14.5K
EQH icon
58
Equitable Holdings
EQH
$14.4B
$908K 0.08%
+20,701
New +$865K
ECHO
59
EchoStar
ECHO
$26.1B
$863K 0.08%
8,500
+4,500
+113% +$550K
BA icon
60
Boeing
BA
$168B
$758K 0.07%
3,500
-3,734
-52% -$831K
PVH icon
61
PVH
PVH
$3.43B
$743K 0.07%
+10,000
New +$856K
SKYW icon
62
Skywest
SKYW
$3.85B
$695K 0.06%
+7,000
New +$623K
CCRN
63
DELISTED
Cross Country Healthcare
CCRN
$655K 0.06%
+49,612
New +$588K
VRNS icon
64
PUT
Varonis Systems
VRNS
$5.29B
$629K 0.06%
+15,000
New +$440K
TBRG
65
DELISTED
TruBridge
TBRG
$609K 0.06%
+23,251
New +$570K
IMXI icon
66
International Money Express
IMXI
$438M
$609K 0.06%
42,140
+9,018
+27% +$138K
SLP icon
67
Simulations Plus
SLP
$373M
$609K 0.06%
+33,238
New +$511K
NATH icon
68
Nathan's Famous
NATH
$404M
$596K 0.06%
5,871
+877
+18% +$88.7K
VKTX icon
69
Viking Therapeutics
VKTX
$4.07B
$585K 0.05%
15,000
+4,720
+46% +$152K
ALK icon
70
Alaska Air
ALK
$4.69B
$574K 0.05%
11,000
+735
+7% +$31.4K
HON icon
71
Honeywell
HON
$66.4B
$560K 0.05%
+2,500
New +$558K
PACB icon
72
Pacific Biosciences
PACB
$420M
$460K 0.04%
273,666
+1,626
+0.6% +$2.36K
AURA icon
73
Aura Biosciences
AURA
$784M
$426K 0.04%
+60,000
New +$429K
ALOT
74
DELISTED
AstroNova
ALOT
$341K 0.03%
+11,972
New +$192K
UAL icon
75
United Airlines
UAL
$36.2B
$340K 0.03%
2,500
-2,500
-50% -$259K
1 2
3
4 5

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Water Island Capital's Q2 2026 Portfolio in Review

As of Q2 2026, Water Island Capital held 138 positions worth $1.08B, up 20% from $896M the previous quarter. Its ten largest holdings account for 43% of the portfolio.

Water Island Capital deployed $118M of net new capital in Q2 2026, opening 42 new positions and adding to 23 existing holdings. Its largest new stake was Taylor Morrison: 727,492 shares worth $52.2M.

By sector, the portfolio is most concentrated in Healthcare at 17% of assets, down from 22% a quarter earlier, followed by Miscellaneous and Industrials.

On the sell side, the largest reduction was Kenvue, an estimated $5.26M trimmed.

  • Water Island Capital's largest Q2 2026 buy was Taylor Morrison: 727,492 shares worth $52.2M.
  • Water Island Capital added most to Caesars Entertainment in Q2 2026, an estimated $36.2M increase.
  • Water Island Capital's biggest Q2 2026 reduction was Kenvue, cutting an estimated $5.26M.
  • Water Island Capital fully exited Hologic in Q2 2026, selling an estimated $42.3M.
  • Water Island Capital's ten largest holdings make up 43% of its $1.08B portfolio in Q2 2026.
  • Water Island Capital opened 42 new positions and closed 53 in Q2 2026.
  • Water Island Capital's portfolio value rose 20% quarter-over-quarter to $1.08B.

Based on Water Island Capital's 13F filing for Q2 2026, filed 14 Aug 2026.