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WIC

Water Island Capital Portfolio holdings

AUM $896M
1-Year Est. Return 107.59%
This Fund
S&P 500
This Quarter Est. Return
+21.03%
1 Year Est. Return
+107.59%
3 Year Est. Return
+414.38%
5 Year Est. Return
+1,508.7%
10 Year Est. Return
+23,520.93%
AUM
$793M
AUM Growth
+$91.3M
Cap. Flow
-$27.3M
Cap. Flow %
-3.44%
Top 10 Hldgs %
37.18%
Holding
133
New
55
Increased
7
Reduced
6
Closed
49

Top Buys

Rank Stock Value
1
CYBR
CyberArk
CYBR
+$36.8M
2
NSC icon
Norfolk Southern
NSC
+$34.9M
3
VRNA
Verona Pharma
VRNA
+$30.3M
4
VBTX
Veritex Holdings
VBTX
+$26.3M
5
VRNT
Verint Systems
VRNT
+$24.8M

Top Sells

Rank Stock Value
1
AMED
Amedisys
AMED
+$55.3M
2
ANSS
Ansys
ANSS
+$39.8M
3
JNPR
Juniper Networks
JNPR
+$37.1M
4
HES
Hess
HES
+$36.1M
5
SWTX
SpringWorks Therapeutics
SWTX
+$33.1M

Sector Composition

Rank Sector Weight
1 Technology 29.72%
2 Industrials 11.85%
3 Financials 9.66%
4 Healthcare 9.53%
5 Communication Services 8.28%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZIMV
51
DELISTED
ZimVie
ZIMV
$1.37M 0.17%
+72,353
New +$1.22M
MTAL
52
DELISTED
Metals Acquisition
MTAL
$1.26M 0.16%
103,254
+36,586
+55% +$443K
LYV icon
53
CALL
Live Nation Entertainment
LYV
$42.1B
$1.23M 0.15%
7,500
-2,500
-25% -$395K
AMWD
54
DELISTED
American Woodmark
AMWD
$1.22M 0.15%
+18,336
New +$1.13M
IMXI icon
55
International Money Express
IMXI
$367M
$1.2M 0.15%
+86,175
New +$1.07M
MTSR
56
DELISTED
Metsera Inc
MTSR
$980K 0.12%
+18,730
New +$691K
MTSR
57
PUT
DELISTED
Metsera Inc
MTSR
$979K 0.12%
+18,700
New +$690K
MRC
58
DELISTED
MRC Global
MRC
$845K 0.11%
+58,605
New +$834K
NWE icon
59
NorthWestern Energy
NWE
$4.43B
$838K 0.11%
+14,303
New +$789K
CCRN
60
DELISTED
Cross Country Healthcare
CCRN
$609K 0.08%
42,897
-16,440
-28% -$217K
SHCO
61
DELISTED
Soho House & Co
SHCO
$580K 0.07%
+65,542
New +$516K
PHLT
62
DELISTED
Performant Healthcare Inc
PHLT
$563K 0.07%
+72,772
New +$463K
BRY
63
DELISTED
Berry Corp
BRY
$540K 0.07%
+142,979
New +$463K
PVBC
64
DELISTED
Provident Bancorp
PVBC
$505K 0.06%
40,282
+21,709
+117% +$275K
CCRD
65
DELISTED
CoreCard
CCRD
$447K 0.06%
+16,595
New +$459K
CIO
66
DELISTED
City Office REIT
CIO
$378K 0.05%
+54,317
New +$358K
HONE
67
DELISTED
HarborOne Bancorp
HONE
$306K 0.04%
22,464
+2,748
+14% +$34.3K
AURA icon
68
Aura Biosciences
AURA
$826M
$64.1K 0.01%
+10,372
New +$67.8K
PACB icon
69
Pacific Biosciences
PACB
$370M
$45.8K 0.01%
+35,754
New +$48.4K
AMED
70
DELISTED
Amedisys
AMED
– –
-561,814
Closed -$55.3M
ANSS
71
DELISTED
Ansys
ANSS
– –
-113,285
Closed -$39.8M
BASE
72
DELISTED
Couchbase
BASE
– –
-363,000
Closed -$8.85M
BNTX icon
73
CALL
BioNTech
BNTX
$23.5B
– –
-4,800
Closed -$511K
BPMC
74
DELISTED
Blueprint Medicines
BPMC
– –
-116,631
Closed -$14.9M
BRDG
75
DELISTED
Bridge Investment Group
BRDG
– –
-80,349
Closed -$804K
1 2
3
4 5

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BFFIM
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SFM
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DA
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BWP
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Water Island Capital's Q3 2025 Portfolio in Review

As of Q3 2025, Water Island Capital held 133 positions worth $793M, up 13% from $702M the previous quarter. Its ten largest holdings account for 37% of the portfolio.

Water Island Capital withdrew a net $27.3M in Q3 2025, closing 49 positions and reducing 6 holdings. Its most notable exit was Amedisys, an estimated $55.3M position sold in full.

By sector, the portfolio is most concentrated in Technology at 30% of assets, up from 23% a quarter earlier, followed by Industrials and Financials.

Against the trend, Water Island Capital opened a new position in CyberArk worth $41.5M.

  • Water Island Capital's largest Q3 2025 buy was CyberArk: 85,799 shares worth $41.5M.
  • Water Island Capital added most to TXNM Energy Inc in Q3 2025, an estimated $10.7M increase.
  • Water Island Capital's biggest Q3 2025 reduction was Cantaloupe, cutting an estimated $8.55M.
  • Water Island Capital fully exited Amedisys in Q3 2025, selling an estimated $55.3M.
  • Water Island Capital's ten largest holdings make up 37% of its $793M portfolio in Q3 2025.
  • Water Island Capital opened 55 new positions and closed 49 in Q3 2025.
  • Water Island Capital's portfolio value rose 13% quarter-over-quarter to $793M.

Based on Water Island Capital's 13F filing for Q3 2025, filed 14 Nov 2025.