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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
+17.14%
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
$702M
AUM Growth
-$62.1M
(-8.1%)
Cap. Flow
-$86M
Cap. Flow
% of AUM
-12.26%
Top 10 Holdings %
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 | Miscellaneous | 26.28% |
| 2 | Technology | 23.19% |
| 3 | Healthcare | 17.42% |
| 4 | Financials | 10.46% |
| 5 | Consumer Discretionary | 6.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
AMED
1
DELISTED
Amedisys
AMED
| $55.3M | 7.87% |
561,814
+3,400
| +0.6% | +$322K |
|
2
CALL
Chevron
CVX
$415B
| $40.1M | 5.72% |
280,300
| – | – |
|
|
ANSS
3
DELISTED
Ansys
ANSS
| $39.8M | 5.67% |
113,285
+9,805
| +9% | +$3.21M |
|
|
JNPR
4
DELISTED
Juniper Networks
JNPR
| $37.1M | 5.28% |
928,961
+57,000
| +7% | +$2.04M |
|
|
HES
5
DELISTED
Hess
HES
| $36.1M | 5.14% |
260,459
+1,552
| +0.6% | +$210K |
|
|
SWTX
6
DELISTED
SpringWorks Therapeutics
SWTX
| $33.1M | 4.71% |
+703,525
| New | +$31.3M |
|
|
DNB
7
DELISTED
Dun & Bradstreet
DNB
| $28.6M | 4.08% |
3,147,738
+1,710,815
| +119% | +$15.3M |
|
|
SKX
8
DELISTED
Skechers
SKX
| $26.9M | 3.83% |
+426,562
| New | +$24.5M |
|
|
INFA
9
DELISTED
Informatica
INFA
| $19.6M | 2.8% |
+806,228
| New | +$16.6M |
|
|
AVDX
10
DELISTED
AvidXchange
AVDX
| $19.2M | 2.74% |
+1,961,334
| New | +$17.7M |
|
|
FL
11
DELISTED
Foot Locker
FL
| $19M | 2.71% |
+777,436
| New | +$14.1M |
|
|
SKX
12
PUT
DELISTED
Skechers
SKX
| $18.1M | 2.57% |
+286,100
| New | +$16.4M |
|
|
ESGR
13
DELISTED
Enstar Group
ESGR
| $18M | 2.57% |
53,653
-3,962
| -7% | -$1.33M |
|
|
FARO
14
DELISTED
Faro Technologies
FARO
| $16.9M | 2.4% |
+383,836
| New | +$14M |
|
|
BPMC
15
DELISTED
Blueprint Medicines
BPMC
| $14.9M | 2.13% |
+116,631
| New | +$12.1M |
|
|
TXNM
16
TXNM Energy Inc
TXNM
$6.04B
| $14.8M | 2.11% |
+262,539
| New | +$14.3M |
|
|
PRA
17
DELISTED
ProAssurance
PRA
| $12.5M | 1.78% |
547,355
+105,009
| +24% | +$2.42M |
|
18
McGrath RentCorp
MGRC
$2.72B
| $11.5M | 1.64% |
99,225
+45
| +0% | +$5K |
|
|
PPBI
19
DELISTED
Pacific Premier Bancorp
PPBI
| $11.2M | 1.6% |
+532,149
| New | +$11.1M |
|
|
CTLP
20
DELISTED
Cantaloupe
CTLP
| $10.4M | 1.48% |
+944,903
| New | +$8.18M |
|
|
ETWO
21
DELISTED
E2open Parent Holdings
ETWO
| $10.3M | 1.47% |
+3,185,939
| New | +$8.38M |
|
|
GMS
22
DELISTED
GMS Inc
GMS
| $9.64M | 1.37% |
+88,627
| New | +$6.86M |
|
|
WBA
23
PUT
DELISTED
Walgreens Boots Alliance
WBA
| $9.41M | 1.34% |
820,000
| – | – |
|
|
INFA
24
CALL
DELISTED
Informatica
INFA
| $8.93M | 1.27% |
+366,600
| New | +$7.56M |
|
|
SWTX
25
PUT
DELISTED
SpringWorks Therapeutics
SWTX
| $8.92M | 1.27% |
+189,900
| New | +$8.45M |
|
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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 $86M 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 Miscellaneous at 26% of assets, down from 31% a quarter earlier, followed by Technology and Healthcare.
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.