Q2 2025 · 13F-HR
WATER ISLAND CAPITAL LLCholdings as filed
Filed 2025-08-14 · accession 0001222765-25-000018
$702.0M
Reported value
76
Positions
2025-06-30
Period end
The Brief · WATER ISLAND CAPITAL LLC · Q2 2025
AI · grounded in 13F
Water Island Capital LLC established a new position in AMED valued at $55.3M. The fund also initiated new stakes in CVX for $40.1M and AKX for $39.8M. Other new additions include JNP, HES, and SWTXUSD. The fund ended the period with 76 positions and total AUM of $702M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 023436108 | AMED | AMEDISYS INC | $55.3M | 7.87% | 561,814 | Common | SOLE |
| 166764900 | CVX | CHEVRON CORP NEW | $40.1M | 5.72% | 280,300 | CALL | SOLE |
| 03662Q105 | AKX | ANSYS INC | $39.8M | 5.67% | 113,285 | Common | SOLE |
| 48203R104 | JNP | JUNIPER NETWORKS INC | $37.1M | 5.28% | 928,961 | Common | SOLE |
| 42809H107 | HES | HESS CORP | $36.1M | 5.14% | 260,459 | Common | SOLE |
| 85205L107 | SWTXUSD | SPRINGWORKS THERAPEUTICS INC | $33.1M | 4.71% | 703,525 | Common | SOLE |
| 26484T106 | DNB | DUN & BRADSTREET HLDGS INC | $28.6M | 4.08% | 3,147,738 | Common | SOLE |
| 830566105 | SKAA | SKECHERS U S A INC | $26.9M | 3.83% | 426,562 | Common | SOLE |
| 45674M101 | INFA1EUR | INFORMATICA INC | $19.6M | 2.80% | 806,228 | Common | SOLE |
| 05368X102 | AVDX | AVIDXCHANGE HOLDINGS INC | $19.2M | 2.74% | 1,961,334 | Common | SOLE |
| 344849104 | WOO | FOOT LOCKER INC | $19.0M | 2.71% | 777,436 | Common | SOLE |
| 830566955 | — | SKECHERS U S A INC | $18.1M | 2.57% | 286,100 | PUT | SOLE |
| G3075P101 | ESGRUSD | ENSTAR GROUP LIMITED | $18.0M | 2.57% | 53,653 | Common | SOLE |
| 311642102 | FARO | FARO TECHNOLOGIES INC | $16.9M | 2.40% | 383,836 | Common | SOLE |
| 09627Y109 | 2655787D | BLUEPRINT MEDICINES CORP | $14.9M | 2.13% | 116,631 | Common | SOLE |
| 69349H107 | TXNM | TXNM ENERGY INC | $14.8M | 2.11% | 262,539 | Common | SOLE |
| 74267C106 | PRA | PROASSURANCE CORP | $12.5M | 1.78% | 547,355 | Common | SOLE |
| 580589109 | MGRC | MCGRATH RENTCORP | $11.5M | 1.64% | 99,225 | Common | SOLE |
| 69478X105 | LF2 | PACIFIC PREMIER BANCORP | $11.2M | 1.60% | 532,149 | Common | SOLE |
| 138103106 | UTE0 | CANTALOUPE INC | $10.4M | 1.48% | 944,903 | Common | SOLE |
| 29788T103 | ETWOGBP | E2OPEN PARENT HOLDINGS INC | $10.3M | 1.47% | 3,185,939 | Common | SOLE |
| 36251C103 | GMS1EUR | GMS INC | $9.6M | 1.37% | 88,627 | Common | SOLE |
| 931427958 | — | WALGREENS BOOTS ALLIANCE INC | $9.4M | 1.34% | 820,000 | PUT | SOLE |
| 45674M901 | — | INFORMATICA INC | $8.9M | 1.27% | 366,600 | CALL | SOLE |
| 85205L957 | — | SPRINGWORKS THERAPEUTICS INC | $8.9M | 1.27% | 189,900 | PUT | SOLE |
| 22207T101 | BASE | COUCHBASE INC | $8.8M | 1.26% | 363,000 | Common | SOLE |
| 36251C903 | — | GMS INC | $8.8M | 1.26% | 81,300 | CALL | SOLE |
| 830566905 | — | SKECHERS U S A INC | $8.8M | 1.25% | 139,000 | CALL | SOLE |
| 847215100 | SRJ | SPARTANNASH CO | $8.0M | 1.14% | 302,396 | Common | SOLE |
| 84921RAB6 | SPOT 0 03/15/26 | SPOTIFY USA INC | $7.6M | 1.08% | 5,000,000 | Common | SOLE |
| 931427908 | — | WALGREENS BOOTS ALLIANCE INC | $7.4M | 1.05% | 644,300 | CALL | SOLE |
| 92556H206 | 0VVB | PARAMOUNT GLOBAL | $7.3M | 1.04% | 567,122 | Common | SOLE |
| 931427108 | WFC | WALGREENS BOOTS ALLIANCE INC | $6.8M | 0.97% | 593,196 | Common | SOLE |
| 82983N108 | SB9 | SITIO ROYALTIES CORP | $6.1M | 0.87% | 333,703 | Common | SOLE |
| 90353TAJ9 | UBER 0 12/15/25 | UBER TECHNOLOGIES INC | $6.0M | 0.85% | 5,000,000 | Common | SOLE |
| 896818101 | TG7 | TRIUMPH GROUP INC NEW | $5.7M | 0.81% | 220,294 | Common | SOLE |
| 097023204 | BA 6 10/15/27 | BOEING CO | $5.4M | 0.77% | 80,000 | Common | SOLE |
| N2451R105 | CVAC | CUREVAC N V | $5.2M | 0.74% | 957,031 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $4.7M | 0.67% | 5,000,000 | Common | SOLE |
| 00971TAL5 | AKAM 0.375 09/01/27 | AKAMAI TECHNOLOGIES INC | $4.4M | 0.62% | 4,500,000 | Common | SOLE |
| 344849954 | WOO | FOOT LOCKER INC | $4.4M | 0.62% | 178,000 | PUT | SOLE |
| 487836108 | K | KELLANOVA | $4.2M | 0.60% | 53,318 | Common | SOLE |
| 75737FAE8 | RDFN 0.5 04/01/27 | REDFIN CORP | $4.0M | 0.58% | 4,500,000 | Common | SOLE |
| 464288953 | — | ISHARES TR | $4.0M | 0.57% | 50,000 | PUT | SOLE |
| 35909D109 | FYBR | FRONTIER COMMUNICATIONS PARE | $4.0M | 0.57% | 109,783 | Common | SOLE |
| 69349HAF4 | TXNM 5.75 06/01/54 | TXNM ENERGY INC | $3.9M | 0.56% | 3,000,000 | Common | SOLE |
| 92539P951 | — | VERVE THERAPEUTICS INC | $3.8M | 0.54% | 336,000 | PUT | SOLE |
| 92539P101 | — | VERVE THERAPEUTICS INC | $3.8M | 0.54% | 335,593 | Common | SOLE |
| 252131AM9 | DXCM 0.375 05/15/28 | DEXCOM INC | $3.3M | 0.47% | 3,500,000 | Common | SOLE |
| 40637HAD1 | HALO 0.25 03/01/27 | HALOZYME THERAPEUTICS INC | $3.0M | 0.43% | 3,000,000 | Common | SOLE |
| 09239BAD1 | BL 0 03/15/26 | BLACKLINE INC | $2.9M | 0.42% | 3,071,000 | Common | SOLE |
| 92343XAC4 | VRNT 0.25 04/15/26 | VERINT SYSTEMS INC | $2.9M | 0.41% | 3,000,000 | Common | SOLE |
| 806882106 | SCHN1EUR | RADIUS RECYCLING INC | $2.8M | 0.40% | 94,670 | Common | SOLE |
| 253393902 | — | DICKS SPORTING GOODS INC | $2.5M | 0.36% | 12,700 | CALL | SOLE |
| 92556H956 | PARA | PARAMOUNT GLOBAL | $2.4M | 0.34% | 185,200 | PUT | SOLE |
| 753422AF1 | RPD 0.25 03/15/27 | RAPID7 INC | $2.3M | 0.33% | 2,500,000 | Common | SOLE |
| 460690100 | IPG | INTERPUBLIC GROUP COS INC | $1.7M | 0.24% | 68,367 | Common | SOLE |
| 97717PAD6 | WT 3.25 06/15/26 | WISDOMTREE INC | $1.7M | 0.24% | 1,500,000 | Common | SOLE |
| 92673K108 | VIGL | VIGIL NEUROSCIENCE INC | $1.7M | 0.24% | 207,667 | Common | SOLE |
| 35953DAB0 | FUBO 3.25 02/15/26 | FUBOTV INC | $1.6M | 0.22% | 1,591,000 | Common | SOLE |
| 538034909 | LYV | LIVE NATION ENTERTAINMENT IN | $1.5M | 0.22% | 10,000 | CALL | SOLE |
| 11373M107 | BB3 | BROOKLINE BANCORP INC DEL | $887,002 | 0.13% | 84,076 | Common | SOLE |
| 45790W108 | — | INOZYME PHARMA INC | $807,104 | 0.11% | 201,776 | Common | SOLE |
| G60409110 | MTALEUR | MAC COPPER LIMITED | $806,016 | 0.11% | 66,668 | Common | SOLE |
| 10806B100 | 53S | BRIDGE INVT GROUP HLDGS INC | $804,293 | 0.11% | 80,349 | Common | SOLE |
| 227483104 | CCRN | CROSS CTRY HEALTHCARE INC | $774,348 | 0.11% | 59,337 | Common | SOLE |
| H33700107 | — | GLOBAL BLUE GROUP HOLDING AG | $692,656 | 0.10% | 92,725 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $657,484 | 0.09% | 46,367 | Common | SOLE |
| 30034T953 | — | EVERI HLDGS INC | $598,080 | 0.09% | 42,000 | PUT | SOLE |
| 09075V902 | BNTX | BIONTECH SE | $511,056 | 0.07% | 4,800 | CALL | SOLE |
| 235825955 | DAN | DANA INC | $428,750 | 0.06% | 25,000 | PUT | SOLE |
| 42704L104 | HRI | HERC HLDGS INC | $343,052 | 0.05% | 2,605 | Common | SOLE |
| 843878307 | SSBK | SOUTHERN STS BANCSHARES INC | $262,009 | 0.04% | 7,204 | Common | SOLE |
| 74383L105 | — | PROVIDENT BANCORP INC | $231,977 | 0.03% | 18,573 | Common | SOLE |
| 41165Y100 | 1S4 | HARBORONE BANCORP INC NEW | $230,283 | 0.03% | 19,716 | Common | SOLE |
| 86881A900 | SGRY | SURGERY PARTNERS INC | $222,300 | 0.03% | 10,000 | CALL | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.