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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
VFC icon
76
VF Corp
VFC
$5.29B
$250K 0.02%
+15,000
New +$268K
PENN icon
77
PENN Entertainment
PENN
$2.29B
$214K 0.02%
10,000
-25,000
-71% -$448K
DKS icon
78
Dick's Sporting Goods
DKS
$12.4B
$136K 0.01%
600
-4,748
-89% -$1.05M
ACLX
79
DELISTED
Arcellx
ACLX
– –
-183,409
Closed -$21.1M
AL
80
DELISTED
Air Lease Corp
AL
– –
-73,131
Closed -$4.75M
AMRX icon
81
Amneal Pharmaceuticals
AMRX
$6.07B
– –
-68,400
Closed -$850K
APLS
82
DELISTED
Apellis Pharmaceuticals
APLS
– –
-120,500
Closed -$4.85M
APLS
83
PUT
DELISTED
Apellis Pharmaceuticals
APLS
– –
-120,500
Closed -$4.85M
AXTA icon
84
PUT
Axalta
AXTA
$7.66B
– –
-195,000
Closed -$5.4M
BLFY
85
DELISTED
Blue Foundry Bancorp
BLFY
– –
-35,658
Closed -$472K
CNTA
86
DELISTED
Centessa Pharmaceuticals
CNTA
– –
-41,000
Closed -$1.63M
CNTA
87
PUT
DELISTED
Centessa Pharmaceuticals
CNTA
– –
-41,000
Closed -$1.63M
CSGS
88
DELISTED
CSG Systems International
CSGS
– –
-20,223
Closed -$1.62M
CTLP
89
DELISTED
Cantaloupe
CTLP
– –
-107,867
Closed -$1.17M
CTRA
90
DELISTED
Coterra Energy
CTRA
– –
-27,292
Closed -$959K
CVGW
91
DELISTED
Calavo Growers
CVGW
– –
-20,321
Closed -$524K
CWAN
92
DELISTED
Clearwater Analytics
CWAN
– –
-109,589
Closed -$2.59M
DAWN
93
DELISTED
Day One Biopharmaceuticals
DAWN
– –
-944,247
Closed -$20.2M
DAWN
94
PUT
DELISTED
Day One Biopharmaceuticals
DAWN
– –
-839,700
Closed -$18M
DHIL
95
DELISTED
Diamond Hill
DHIL
– –
-2,522
Closed -$434K
EA
96
PUT
DELISTED
Electronic Arts
EA
– –
-149,800
Closed -$30.5M
EHAB
97
DELISTED
Enhabit
EHAB
– –
-984,611
Closed -$13.9M
EL icon
98
Estee Lauder
EL
$37.6B
– –
-7,500
Closed -$538K
FFIC
99
DELISTED
Flushing Financial
FFIC
– –
-30,161
Closed -$463K
FFWM
100
DELISTED
First Foundation Inc
FFWM
– –
-67,573
Closed -$399K
2 3
4
5 6

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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.