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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
+17.14%
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
$702M
AUM Growth
-$62.1M
Cap. Flow
-$147M
Cap. Flow %
-20.88%
Top 10 Hldgs %
47.84%
Holding
119
New
36
Increased
13
Reduced
7
Closed
43

Top Buys

Rank Stock Value
1
SWTX
SpringWorks Therapeutics
SWTX
+$31.3M
2
SKX
Skechers
SKX
+$24.5M
3
AVDX
AvidXchange
AVDX
+$17.7M
4
INFA
Informatica
INFA
+$16.6M
5
DNB
Dun & Bradstreet
DNB
+$15.3M

Top Sells

Rank Stock Value
1
HEES
H&E Equipment Services
HEES
+$40.9M
2
K
Kellanova
K
+$35.8M
3
EVRI
Everi Holdings
EVRI
+$34.9M
4
BECN
Beacon Roofing Supply, Inc.
BECN
+$33.5M
5
PLYA
Playa Hotels & Resorts
PLYA
+$21.1M

Sector Composition

Rank Sector Weight
1 Technology 23.19%
2 Healthcare 17.42%
3 Financials 10.46%
4 Consumer Discretionary 6.55%
5 Energy 6.01%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVRO
101
DELISTED
NEVRO CORP.
NVRO
– –
-116,721
Closed -$682K
ITCI
102
DELISTED
Intra-Cellular Therapies Inc.
ITCI
– –
-45,308
Closed -$5.98M
ITCI
103
PUT
DELISTED
Intra-Cellular Therapies Inc.
ITCI
– –
-87,900
Closed -$11.6M
PTVE
104
DELISTED
Pactiv Evergreen Inc. Common stock
PTVE
– –
-126,790
Closed -$2.28M
FBMS
105
DELISTED
The First Bancshares, Inc.
FBMS
– –
-21,434
Closed -$725K
SWI
106
DELISTED
SolarWinds Corporation Common Stock
SWI
– –
-191,572
Closed -$3.53M
1 2 3 4
5

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Water Island Capital's Q2 2025 Portfolio in Review

As of Q2 2025, Water Island Capital held 119 positions worth $702M, down 8.1% from $764M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Water Island Capital withdrew a net $147M in Q2 2025, closing 43 positions and reducing 7 holdings. Its most notable exit was H&E Equipment Services, an estimated $40.9M position sold in full.

By sector, the portfolio is most concentrated in Technology at 23% of assets, up from 12% a quarter earlier, followed by Healthcare and Financials.

Against the trend, Water Island Capital opened a new position in SpringWorks Therapeutics worth $33.1M.

  • Water Island Capital's largest Q2 2025 buy was SpringWorks Therapeutics: 703,525 shares worth $33.1M.
  • Water Island Capital added most to Dun & Bradstreet in Q2 2025, an estimated $15.3M increase.
  • Water Island Capital's biggest Q2 2025 reduction was Kellanova, cutting an estimated $35.8M.
  • Water Island Capital fully exited H&E Equipment Services in Q2 2025, selling an estimated $40.9M.
  • Water Island Capital's ten largest holdings make up 48% of its $702M portfolio in Q2 2025.
  • Water Island Capital opened 36 new positions and closed 43 in Q2 2025.
  • Water Island Capital's portfolio value fell 8.1% quarter-over-quarter to $702M.

Based on Water Island Capital's 13F filing for Q2 2025, filed 14 Aug 2025.