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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
RDUS
101
DELISTED
Radius Recycling
RDUS
– –
-94,670
Closed -$2.81M
RKT icon
102
Rocket Companies
RKT
$38.9B
– –
-46,367
Closed -$657K
SGRY icon
103
CALL
Surgery Partners
SGRY
$2.03B
– –
-10,000
Closed -$222K
SKX
104
CALL
DELISTED
Skechers
SKX
– –
-139,000
Closed -$8.77M
SKX
105
DELISTED
Skechers
SKX
– –
-426,562
Closed -$26.9M
SKX
106
PUT
DELISTED
Skechers
SKX
– –
-286,100
Closed -$18.1M
SPTN
107
DELISTED
SpartanNash
SPTN
– –
-302,396
Closed -$8.01M
SSBK
108
DELISTED
Southern States Bancshares
SSBK
– –
-7,204
Closed -$262K
STR
109
DELISTED
Sitio Royalties
STR
– –
-333,703
Closed -$6.13M
SWTX
110
DELISTED
SpringWorks Therapeutics
SWTX
– –
-703,525
Closed -$33.1M
SWTX
111
PUT
DELISTED
SpringWorks Therapeutics
SWTX
– –
-189,900
Closed -$8.92M
TGI
112
DELISTED
Triumph Group
TGI
– –
-220,294
Closed -$5.67M
VERV
113
DELISTED
Verve Therapeutics
VERV
– –
-335,593
Closed -$3.77M
VERV
114
PUT
DELISTED
Verve Therapeutics
VERV
– –
-336,000
Closed -$3.77M
VIGL
115
DELISTED
Vigil Neuroscience
VIGL
– –
-207,667
Closed -$1.65M
WBA
116
CALL
DELISTED
Walgreens Boots Alliance
WBA
– –
-644,300
Closed -$7.4M
WBA
117
DELISTED
Walgreens Boots Alliance
WBA
– –
-593,196
Closed -$6.81M
WBA
118
PUT
DELISTED
Walgreens Boots Alliance
WBA
– –
-820,000
Closed -$9.41M
1 2 3 4
5

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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.