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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
BRKL
76
DELISTED
Brookline Bancorp
BRKL
– –
-84,076
Closed -$887K
CVX icon
77
CALL
Chevron
CVX
$366B
– –
-280,300
Closed -$40.1M
DAN icon
78
PUT
Dana Inc
DAN
$3.06B
– –
-25,000
Closed -$429K
DKS icon
79
CALL
Dick's Sporting Goods
DKS
$18.7B
– –
-12,700
Closed -$2.51M
DNB
80
DELISTED
Dun & Bradstreet
DNB
– –
-3,147,738
Closed -$28.6M
ESGR
81
DELISTED
Enstar Group
ESGR
– –
-53,653
Closed -$18M
ETWO
82
DELISTED
E2open Parent Holdings
ETWO
– –
-3,185,939
Closed -$10.3M
EVRI
83
PUT
DELISTED
Everi Holdings
EVRI
– –
-42,000
Closed -$598K
FARO
84
DELISTED
Faro Technologies
FARO
– –
-383,836
Closed -$16.9M
FL
85
DELISTED
Foot Locker
FL
– –
-777,436
Closed -$19M
FL
86
PUT
DELISTED
Foot Locker
FL
– –
-178,000
Closed -$4.36M
FYBR
87
DELISTED
Frontier Communications
FYBR
– –
-109,783
Closed -$4M
GB
88
DELISTED
Global Blue Group Holding
GB
– –
-92,725
Closed -$693K
GMS
89
CALL
DELISTED
GMS Inc
GMS
– –
-81,300
Closed -$8.84M
GMS
90
DELISTED
GMS Inc
GMS
– –
-88,627
Closed -$9.64M
HES
91
DELISTED
Hess
HES
– –
-260,459
Closed -$36.1M
HRI icon
92
Herc Holdings
HRI
$5.61B
– –
-2,605
Closed -$343K
ILCV icon
93
PUT
iShares Morningstar Value ETF
ILCV
$1.35B
– –
-50,000
Closed -$4.03M
INFA
94
CALL
DELISTED
Informatica
INFA
– –
-366,600
Closed -$8.93M
INZY
95
DELISTED
Inozyme Pharma
INZY
– –
-201,776
Closed -$807K
JNPR
96
DELISTED
Juniper Networks
JNPR
– –
-928,961
Closed -$37.1M
K
97
DELISTED
Kellanova
K
– –
-53,318
Closed -$4.24M
PARA
98
DELISTED
Paramount Global Class B
PARA
– –
-567,122
Closed -$7.32M
PARA
99
PUT
DELISTED
Paramount Global Class B
PARA
– –
-185,200
Closed -$2.39M
PPBI
100
DELISTED
Pacific Premier Bancorp
PPBI
– –
-532,149
Closed -$11.2M
1 2 3
4
5

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FTM
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WP
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BFFIM
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SFM
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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.