Fund Holdings

WATER ISLAND CAPITAL LLC

Filing Period:
Securities
SharesValue ($K)
Q4 2025
Q1 2026
Change
Q4 2025
Q1 2026
Change
PENUMBRA INC0120,095+120,095039,435,596+39,435,596
MASIMO CORP0194,197+194,197034,541,821+34,541,821
ELECTRONIC ARTS INC(Put)0149,800+149,800030,539,726+30,539,726
WEBSTER FINL CORP0415,823+415,823028,866,433+28,866,433
WARNER BROS DISCOVERY INC(Put)94,9001,049,500+954,6002,735,01828,819,270+26,084,252
TRI POINTE HOMES INC0536,367+536,367025,064,430+25,064,430
NATIONAL STORAGE AFFILIATES0576,224+576,224021,746,694+21,746,694
GREAT LAKES DREDGE & DOCK CO01,263,580+1,263,580021,480,860+21,480,860
ARCELLX INC0183,409+183,409021,059,022+21,059,022
DAY ONE BIOPHARMACEUTICALS I0944,247+944,247020,244,656+20,244,656
DAY ONE BIOPHARMACEUTICALS I(Put)0839,700+839,700018,003,168+18,003,168
JANUS HENDERSON GROUP PLC647,485922,277+274,79230,800,86147,377,369+16,576,508
STELLAR BANCORP INC0431,231+431,231015,787,367+15,787,367
ELECTRONIC ARTS INC180,838249,888+69,05036,950,62950,944,667+13,994,038
ENHABIT INC0984,611+984,611013,873,170+13,873,170
SILICON LABORATORIES INC058,417+58,417012,159,499+12,159,499
WARNER BROS DISCOVERY INC1,139,6341,617,020+477,38632,844,25244,403,369+11,559,117
VERIS RESIDENTIAL INC0597,390+597,390011,272,750+11,272,750
PEAKSTONE REALTY TRUST0503,583+503,583010,519,849+10,519,849
TERNS PHARMACEUTICALS INC0188,500+188,50009,937,720+9,937,720
TERNS PHARMACEUTICALS INC(Put)0188,500+188,50009,937,720+9,937,720
SILICON LABORATORIES INC(Put)047,600+47,60009,907,940+9,907,940
KENNEDY-WILSON HOLDINGS INC0825,652+825,65208,933,555+8,933,555
ZIM INTEGRATED SHIPPING SERV0331,800+331,80008,742,930+8,742,930
ZIM INTEGRATED SHIPPING SERV(Put)0331,800+331,80008,742,930+8,742,930
BANCO SANTANDER SA(Call)0681,700+681,70007,689,576+7,689,576
HOLOGIC INC467,742560,045+92,30334,842,10242,333,801+7,491,699
JANUS HENDERSON GROUP PLC(Put)12,000154,300+142,300570,8407,926,391+7,355,551
UNIFIRST CORP MASS025,743+25,74306,476,681+6,476,681
DIGITALBRIDGE GROUP INC929,0001,299,051+370,05114,250,85920,031,366+5,780,507
TXNM ENERGY INC576,411674,867+98,45633,939,07939,452,726+5,513,647
APELLIS PHARMACEUTICALS INC0120,500+120,50004,847,715+4,847,715
APELLIS PHARMACEUTICALS INC(Put)0120,500+120,50004,847,715+4,847,715
TXNM ENERGY INC0004,038,2758,098,750+4,060,475
AXALTA COATING SYS LTD(Put)67,100195,000+127,9002,168,0015,401,500+3,233,499
AES CORP0185,833+185,83302,618,387+2,618,387
ALLIED GOLD CORP072,785+72,78502,255,310+2,255,310
ONESTREAM INC091,120+91,12002,186,880+2,186,880
NCR ATLEOS CORPORATION038,939+38,93901,696,962+1,696,962
SELECT MED HLDGS CORP0103,467+103,46701,685,477+1,685,477
THERMON GROUP HLDGS INC032,987+32,98701,662,545+1,662,545
SUN CTRY AIRLS HLDGS INC098,859+98,85901,633,151+1,633,151
CENTESSA PHARMACEUTICALS PLC041,000+41,00001,628,520+1,628,520
CENTESSA PHARMACEUTICALS PLC(Put)041,000+41,00001,628,520+1,628,520
BOEING CO07,234+7,23401,439,783+1,439,783
SUNOPTA INC0196,514+196,51401,273,411+1,273,411
NORFOLK SOUTHN CORP129,043134,051+5,00837,257,29438,472,637+1,215,343
NUTANIX INC0003,376,5284,514,886+1,138,358
CLEAR CHANNEL OUTDOOR HLDGS0478,517+478,51701,134,085+1,134,085
IHS HOLDING LIMITED0137,615+137,61501,132,571+1,132,571
TALKSPACE INC0216,158+216,15801,118,618+1,118,618
MISTER CAR WASH INC0156,502+156,50201,090,819+1,090,819
COTERRA ENERGY INC027,292+27,2920959,041+959,041
SKYWATER TECHNOLOGY INC034,536+34,5360946,632+946,632
AMNEAL PHARMACEUTICALS INC068,400+68,4000850,212+850,212
DICKS SPORTING GOODS INC1,1005,348+4,248217,7671,060,455+842,688
CAESARS ENTERTAINMENT INC NE029,500+29,5000779,685+779,685
LAUDER ESTEE COS INC07,500+7,5000538,275+538,275
PENN ENTERTAINMENT INC035,000+35,0000526,050+526,050
CALAVO GROWERS INC020,321+20,3210524,079+524,079
NATHANS FAMOUS INC04,994+4,9940503,046+503,046
ON24 INC060,364+60,3640488,948+488,948
BLUE FOUNDRY BANCORP035,658+35,6580472,112+472,112
ECHOSTAR CORP04,000+4,0000468,280+468,280
FLUSHING FINL CORP030,161+30,1610463,273+463,273
UNITED AIRLS HLDGS INC05,000+5,0000460,350+460,350
CHART INDS INC188,325189,939+1,61438,838,26439,269,891+431,627
ALASKA AIR GROUP INC010,265+10,2650377,547+377,547
PACIFIC BIOSCIENCES CALIF IN0272,040+272,0400359,093+359,093
VICTORY CAP HLDGS INC DEL05,120+5,1200335,258+335,258
VIKING THERAPEUTICS INC010,280+10,2800334,511+334,511
UNITED PARCEL SVCS INC02,520+2,5200247,918+247,918
PAYPAL HLDGS INC05,124+5,1240231,759+231,759
KENVUE INC690,191700,600+10,40911,905,79612,078,345+172,549
BRIGHTHOUSE FINL INC28,84133,490+4,6491,868,6082,005,381+136,773
PROASSURANCE CORP46,99251,103+4,1111,135,3271,263,266+127,939
CSG SYS INTL INC0005,967,0496,091,111+124,062
KENVUE INC(Put)695,000700,600+5,60011,988,75012,078,344+89,594
REDFIN CORP0004,217,6254,304,250+86,625
HERITAGE COMM CORP33,92437,992+4,068407,427474,140+66,713
BENTLEY SYS INC0004,711,8754,747,188+35,313
DIAMOND HILL INVT GROUP INC2,4822,522+40420,699434,036+13,337
FIRST FNDTN INC65,91967,573+1,654406,061398,681-7,380
NORTHWESTERN ENERGY GROUP IN14,30713,838-469923,374912,478-10,896
HALOZYME THERAPEUTICS INC0003,235,0003,111,250-123,750
UDEMY INC135,922139,335+3,413795,144643,728-151,416
VARONIS SYS INC0002,794,3332,614,696-179,637
CANTALOUPE INC131,794107,867-23,9271,399,6521,166,042-233,610
RAPID7 INC0005,099,6294,863,227-236,402
First Savings Financial Group8,7880-8,788279,9860-279,986
TrueCar Inc173,6200-173,620392,3810-392,381
City Office REIT Inc61,4980-61,498429,8710-429,871
Soho House & Co Inc70,7560-70,756633,9740-633,974
Olympic Steel Inc16,2930-16,293697,0960-697,096
INTERNATIONAL MONEY EXPRESS88,47633,122-55,3541,358,991523,328-835,663
MidWestOne Financial Group Inc21,9800-21,980846,2300-846,230
AXALTA COATING SYS LTD205,722206,902+1,1806,646,8785,731,185-915,693
Anywhere Real Estate Inc(Call)71,1000-71,1001,006,7760-1,006,776
Anywhere Real Estate Inc(Put)71,1000-71,1001,006,7760-1,006,776
GLADSTONE CAP CORP0001,985,577967,746-1,017,831
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