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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
FOLD
101
DELISTED
Amicus Therapeutics
FOLD
– –
-104,066
Closed -$1.5M
GLDD
102
DELISTED
Great Lakes Dredge & Dock
GLDD
– –
-1,263,580
Closed -$21.5M
HOLX
103
DELISTED
Hologic
HOLX
– –
-560,045
Closed -$42.3M
HTBK
104
DELISTED
Heritage Commerce
HTBK
– –
-37,992
Closed -$474K
JHG
105
PUT
DELISTED
Janus Henderson
JHG
– –
-154,300
Closed -$7.93M
KVUE icon
106
PUT
Kenvue
KVUE
$36B
– –
-700,600
Closed -$12.1M
KW
107
DELISTED
Kennedy-Wilson Holdings
KW
– –
-825,652
Closed -$8.93M
MASI
108
DELISTED
Masimo
MASI
– –
-194,197
Closed -$34.5M
MCW
109
DELISTED
Mister Car Wash
MCW
– –
-156,502
Closed -$1.09M
ONTF
110
DELISTED
ON24
ONTF
– –
-60,364
Closed -$489K
PKST
111
DELISTED
Peakstone Realty Trust
PKST
– –
-503,583
Closed -$10.5M
PRA
112
DELISTED
ProAssurance
PRA
– –
-51,103
Closed -$1.26M
PYPL icon
113
PayPal
PYPL
$47B
– –
-5,124
Closed -$232K
SAN icon
114
CALL
Banco Santander
SAN
$217B
– –
-681,700
Closed -$7.69M
SEE
115
DELISTED
Sealed Air
SEE
– –
-56,071
Closed -$2.36M
SEMR
116
DELISTED
Semrush
SEMR
– –
-133,872
Closed -$1.6M
SKYT
117
DELISTED
SkyWater Technology
SKYT
– –
-34,536
Closed -$947K
SLAB icon
118
PUT
Silicon Laboratories
SLAB
$7.36B
– –
-47,600
Closed -$9.91M
SNCY
119
DELISTED
Sun Country Airlines
SNCY
– –
-98,859
Closed -$1.63M
STKL
120
DELISTED
SunOpta
STKL
– –
-196,514
Closed -$1.27M
TERN
121
DELISTED
Terns Pharmaceuticals
TERN
– –
-188,500
Closed -$9.94M
TERN
122
PUT
DELISTED
Terns Pharmaceuticals
TERN
– –
-188,500
Closed -$9.94M
THR
123
DELISTED
Thermon Group Holdings
THR
– –
-32,987
Closed -$1.66M
TPH
124
DELISTED
Tri Pointe Homes
TPH
– –
-536,367
Closed -$25.1M
UDMY
125
DELISTED
Udemy
UDMY
– –
-139,335
Closed -$644K
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.