Fund Universe

WATER ISLAND CAPITAL LLC

CIK 0001222765 · holdings for 2026Q2 (change vs 2026Q1) · in signal universe
Quality Q
0.052
AUM ($M)
945
Positions
75
Turnover
0.47
Top-10 wt
48%
Herfindahl
0.035
History (qtrs)
6
Excess Return

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Quarter
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Security type

Holdings · 121 positions · portfolio value $945M

TickerNameActivitySecurity Type WeightΔ Weight Value ($M)SharesΔ Shares Qtrs HeldExcess Return
TMHC funds › TAYLOR MORRISON HOME CORP NEW 5.5% +5.5% 52.2 727,492 +727,492 1
EA funds › ELECTRONIC ARTS INC ADD 5.5% -1.3% 51.9 252,932 +3,044 2
GTLS funds › CHART INDS INC ADD 5.3% +0.0% 49.6 237,599 +47,660 2
PEN funds › PENUMBRA INC ADD 5.0% -0.2% 47.5 150,456 +30,361 2
WBD funds › WARNER BROS DISCOVERY INC ADD 4.9% -1.0% 46.4 1,740,468 +123,448 2
CUSIP:G4474Y214 funds › JANUS HENDERSON GROUP PLC TRIM 4.9% -1.4% 46.3 890,916 -31,361 2
NSC funds › NORFOLK SOUTHN CORP ADD 4.9% -0.3% 46.0 146,283 +12,232 2
TXNM funds › TXNM ENERGY INC ADD 4.4% -0.8% 41.9 737,734 +62,867 2
CZR funds › CAESARS ENTERTAINMENT INC NE ADD 4.2% +4.1% 39.6 1,313,074 +1,283,574 2
WBS funds › WEBSTER FINL CORP ADD 3.5% -0.3% 33.4 437,210 +21,387 2
NSA funds › NATIONAL STORAGE AFFILIATES ADD 3.4% +0.5% 32.4 728,454 +152,230 2
SLAB funds › SILICON LABORATORIES INC ADD 3.4% +1.8% 32.4 148,138 +89,721 2
RAMP funds › LIVERAMP HLDGS INC NEW 3.2% +3.2% 30.3 805,327 +805,327 1
CPRX funds › CATALYST PHARMACEUTICALS INC NEW 3.1% +3.1% 29.3 933,819 +933,819 1
D funds › DOMINION ENERGY INC NEW 2.8% +2.8% 26.0 381,231 +381,231 1
ACA funds › ARCOSA INC NEW 2.7% +2.7% 25.2 173,589 +173,589 1
TECH funds › BIO-TECHNE CORP NEW 2.5% +2.5% 23.7 335,727 +335,727 1
WSR funds › WHITESTONE REIT NEW 2.5% +2.5% 23.3 1,227,709 +1,227,709 1
ROKU funds › ROKU INC NEW 2.4% +2.4% 22.8 164,890 +164,890 1
CUSIP:89055F103 funds › TOPBUILD COR NEW 2.3% +2.3% 21.8 51,251 +51,251 1
DBRG funds › DIGITALBRIDGE GROUP INC ADD 2.3% -0.4% 21.7 1,376,380 +77,329 2
AVNS funds › AVANOS MED INC NEW 2.1% +2.1% 19.9 799,002 +799,002 1
CUSIP:146280508 funds › SILA REALTY TRUST INC NEW 2.0% +2.0% 18.9 623,872 +623,872 1
OGN funds › ORGANON & CO NEW 2.0% +2.0% 18.6 1,374,899 +1,374,899 1
CUSIP:858927106 funds › STELLAR BANCORP INC TRIM 1.6% -0.5% 15.1 383,227 -48,004 2
NUVL funds › NUVALENT INC NEW 1.4% +1.4% 12.8 103,979 +103,979 1
APGE funds › APOGEE THERAPEUTICS INC NEW 1.3% +1.3% 12.6 94,900 +94,900 1
XOMA funds › XOMA ROYALTY CORPORATION NEW 1.1% +1.1% 10.3 242,000 +242,000 1
CUSIP:69349HAF4 funds › TXNM ENERGY INC HOLD 0.8% -0.2% 7.8 6,000,000 +0 2
CUSIP:753422AF1 funds › RAPID7 INC ADD 0.8% +0.2% 7.8 8,501,530 +3,000,000 2
KVUE funds › KENVUE INC TRIM 0.8% -0.8% 7.7 402,042 -298,558 2
CUSIP:922280AD4 funds › VARONIS SYS INC ADD 0.5% +0.2% 4.9 5,000,000 +2,000,000 2
CUSIP:08265TAD1 funds › BENTLEY SYS INC HOLD 0.5% -0.1% 4.8 5,000,000 +0 2
CUSIP:29786AAL0 funds › ETSY INC NEW 0.5% +0.5% 4.7 5,000,000 +5,000,000 1
GOOGM funds › ALPHABET INC NEW 0.5% +0.5% 4.3 85,000 +85,000 1
CUSIP:75737FAE8 funds › REDFIN CORP HOLD 0.5% -0.1% 4.3 4,500,000 +0 2
CUSIP:83304AAK2 funds › SNAP INC NEW 0.4% +0.4% 4.1 5,000,000 +5,000,000 1
AXTA funds › AXALTA COATING SYS LTD TRIM 0.4% -0.4% 3.3 97,500 -109,402 2
GSAT funds › GLOBALSTAR INC NEW 0.3% +0.3% 2.5 30,668 +30,668 1
AES funds › AES CORP TRIM Common Stock 0.3% -0.1% 2.5 167,570 -18,263 2
UNF funds › UNIFIRST CORP MASS TRIM 0.3% -0.6% 2.4 9,045 -16,698 2
CUSIP:29664W105 funds › ESPERION THERAPEUTICS INC NE NEW 0.2% +0.2% 1.9 612,774 +612,774 1
PAYO funds › PAYONEER GLOBAL INC NEW 0.2% +0.2% 1.8 258,216 +258,216 1
NATL funds › NCR ATLEOS CORPORATION ADD 0.2% -0.0% 1.8 41,860 +2,921 2
BHF funds › BRIGHTHOUSE FINL INC TRIM 0.2% -0.1% 1.8 28,329 -5,161 2
QRVO funds › QORVO INC NEW 0.2% +0.2% 1.8 19,052 +19,052 1
AAUC funds › ALLIED GOLD CORP ADD 0.2% -0.1% 1.7 73,016 +231 2
CUSIP:81619Q105 funds › SELECT MED HLDGS CORP TRIM 0.1% -0.1% 1.4 82,492 -20,975 2
EQT funds › EQT CORP NEW 0.1% +0.1% 1.3 25,000 +25,000 1
TALK funds › TALKSPACE INC ADD 0.1% -0.0% 1.3 242,655 +26,497 2
GBTG funds › GLOBAL BUSINESS TRAVEL GROUP NEW 0.1% +0.1% 1.3 133,456 +133,456 1
IHS funds › IHS HOLDING LIMITED ADD 0.1% -0.0% 1.2 150,235 +12,620 2
CCO funds › CLEAR CHANNEL OUTDOOR HLDGS ADD 0.1% -0.0% 1.2 507,856 +29,339 2
HONA funds › HONEYWELL AEROSPACE INC NEW 0.1% +0.1% 1.1 5,000 +5,000 1
NWE funds › NORTHWESTERN ENERGY GROUP IN TRIM 0.1% -0.0% 1.0 13,633 -205 2
EQH funds › EQUITABLE HLDGS INC NEW 0.1% +0.1% 0.9 20,701 +20,701 1
ECHO funds › ECHOSTAR CORP ADD 0.1% +0.0% 0.9 8,500 +4,500 2
BA funds › BOEING CO TRIM 0.1% -0.1% 0.8 3,500 -3,734 2
PVH funds › PVH CORPORATION NEW 0.1% +0.1% 0.7 10,000 +10,000 1
SKYW funds › SKYWEST INC NEW 0.1% +0.1% 0.7 7,000 +7,000 1
CCRN funds › CROSS CTRY HEALTHCARE INC NEW 0.1% +0.1% 0.7 49,612 +49,612 1
CUSIP:205306103 funds › TRUBRIDGE INC NEW 0.1% +0.1% 0.6 23,251 +23,251 1
IMXI funds › INTERNATIONAL MONEY EXPRESS ADD 0.1% -0.0% 0.6 42,140 +9,018 2
SLP funds › SIMULATIONS PLUS INC NEW 0.1% +0.1% 0.6 33,238 +33,238 1
NATH funds › NATHANS FAMOUS INC ADD 0.1% -0.0% 0.6 5,871 +877 2
VKTX funds › VIKING THERAPEUTICS INC ADD 0.1% +0.0% 0.6 15,000 +4,720 2
ALK funds › ALASKA AIR GROUP INC ADD 0.1% +0.0% 0.6 11,000 +735 2
HON funds › HONEYWELL INTL INC NEW 0.1% +0.1% 0.6 2,500 +2,500 1
PACB funds › PACIFIC BIOSCIENCES CALIF IN ADD 0.0% +0.0% 0.5 273,666 +1,626 2
AURA funds › AURA BIOSCIENCES INC NEW 0.0% +0.0% 0.4 60,000 +60,000 1
ALOT funds › ASTRONOVA INC NEW 0.0% +0.0% 0.3 11,972 +11,972 1
UAL funds › UNITED AIRLS HLDGS INC TRIM 0.0% -0.0% 0.3 2,500 -2,500 2
VFC funds › V F CORP NEW 0.0% +0.0% 0.3 15,000 +15,000 1
PENN funds › PENN ENTERTAINMENT INC TRIM 0.0% -0.0% 0.2 10,000 -25,000 2
DKS funds › DICKS SPORTING GOODS INC TRIM 0.0% -0.1% 0.1 600 -4,748 2
CUSIP:03152W109 funds › AMICUS THERAPEUTIC EXIT 0.0% -0.2% 0.0 0 -104,066 0
AMRX funds › AMNEAL PHARMACEUTICALS INC EXIT 0.0% -0.1% 0.0 0 -68,400 0
CUSIP:138103106 funds › CANTALOUPE INC EXIT 0.0% -0.2% 0.0 0 -107,867 0
CUSIP:126349AH2 funds › CSG SYS INTL INC EXIT 0.0% -0.8% 0.0 0 -5,000,000 0
CUSIP:23954D109 funds › DAY ONE BIOPHARMACEUTICALS I EXIT 0.0% -2.7% 0.0 0 -944,247 0
CUSIP:60646V105 funds › MISTER CAR WASH INC EXIT 0.0% -0.1% 0.0 0 -156,502 0
CUSIP:87265H109 funds › TRI POINTE HOMES INC EXIT 0.0% -3.3% 0.0 0 -536,367 0
CUSIP:126349109 funds › CSG SYS INTL INC EXIT 0.0% -0.2% 0.0 0 -20,223 0
CUSIP:25264R207 funds › DIAMOND HILL INVT GROUP INC EXIT 0.0% -0.1% 0.0 0 -2,522 0
CUSIP:74267C106 funds › PROASSURANCE CORP EXIT 0.0% -0.2% 0.0 0 -51,103 0
CUSIP:03753U106 funds › APELLIS PHARMACEUTICALS INC EXIT 0.0% -0.6% 0.0 0 -120,500 0
CUSIP:128246105 funds › CALAVO GROWERS INC EXIT 0.0% -0.1% 0.0 0 -20,321 0
CUSIP:29332G102 funds › ENHABIT INC EXIT 0.0% -1.8% 0.0 0 -984,611 0
CUSIP:40637HAD1 funds › HALOZYME THERAPEUTICS INC EXIT 0.0% -0.4% 0.0 0 -3,000,000 0
CUSIP:68339B104 funds › ON24 INC EXIT 0.0% -0.1% 0.0 0 -60,364 0
CUSIP:489398107 funds › KENNEDY-WILSON HOLDINGS INC EXIT 0.0% -1.2% 0.0 0 -825,652 0
ZIM funds › ZIM INTEGRATED SHIPPING SERV EXIT 0.0% -1.2% 0.0 0 -331,800 0
CUSIP:376535AG5 funds › GLADSTONE CAP CORP EXIT 0.0% -0.1% 0.0 0 -1,000,000 0
CUSIP:127097103 funds › COTERRA ENERGY INC EXIT 0.0% -0.1% 0.0 0 -27,292 0
CUSIP:03940C100 funds › ARCELLX INC EXIT 0.0% -2.8% 0.0 0 -183,409 0
CUSIP:426927109 funds › HERITAGE COMM CORP EXIT 0.0% -0.1% 0.0 0 -37,992 0
SKYT funds › SKYWATER TECHNOLOGY INC EXIT 0.0% -0.1% 0.0 0 -34,536 0
CUSIP:67059NAK4 funds › NUTANIX INC EXIT 0.0% -0.6% 0.0 0 -5,000,000 0
CUSIP:152309100 funds › CENTESSA PHARMACEUTICALS PLC EXIT 0.0% -0.2% 0.0 0 -41,000 0
CUSIP:902685106 funds › UDEMY INC EXIT 0.0% -0.1% 0.0 0 -139,335 0
UPS funds › UNITED PARCEL SVCS INC EXIT 0.0% -0.0% 0.0 0 -2,520 0
CUSIP:88362T103 funds › THERMON GROUP HLDGS INC EXIT 0.0% -0.2% 0.0 0 -32,987 0
CUSIP:574795100 funds › MASIMO CORP EXIT 0.0% -4.6% 0.0 0 -194,197 0
CUSIP:09549B104 funds › BLUE FOUNDRY BANCORP EXIT 0.0% -0.1% 0.0 0 -35,658 0
CUSIP:343873105 funds › FLUSHING FINL CORP EXIT 0.0% -0.1% 0.0 0 -30,161 0
PYPL funds › PAYPAL HLDGS INC EXIT 0.0% -0.0% 0.0 0 -5,124 0
CUSIP:185123106 funds › CLEARWATER ANALYTICS HLDGS I EXIT 0.0% -0.3% 0.0 0 -109,589 0
CUSIP:880881107 funds › TERNS PHARMACEUTICALS INC EXIT 0.0% -1.3% 0.0 0 -188,500 0
CUSIP:390607109 funds › GREAT LAKES DREDGE & DOCK CO EXIT 0.0% -2.9% 0.0 0 -1,263,580 0
CUSIP:68278B107 funds › ONESTREAM INC EXIT 0.0% -0.3% 0.0 0 -91,120 0
CUSIP:436440101 funds › HOLOGIC INC EXIT 0.0% -5.6% 0.0 0 -560,045 0
CUSIP:866683105 funds › SUN CTRY AIRLS HLDGS INC EXIT 0.0% -0.2% 0.0 0 -98,859 0
CUSIP:554489104 funds › VERIS RESIDENTIAL INC EXIT 0.0% -1.5% 0.0 0 -597,390 0
VCTR funds › VICTORY CAP HLDGS INC DEL EXIT 0.0% -0.0% 0.0 0 -5,120 0
CUSIP:8676EP108 funds › SUNOPTA INC EXIT 0.0% -0.2% 0.0 0 -196,514 0
EL funds › LAUDER ESTEE COS INC EXIT 0.0% -0.1% 0.0 0 -7,500 0
CUSIP:81686C104 funds › SEMRUSH HLDGS INC EXIT 0.0% -0.2% 0.0 0 -133,872 0
CUSIP:00912X302 funds › AIR LEASE CORP EXIT 0.0% -0.6% 0.0 0 -73,131 0
CUSIP:32026V104 funds › FIRST FNDTN INC EXIT 0.0% -0.1% 0.0 0 -67,573 0
CUSIP:39818P799 funds › PEAKSTONE REALTY TRUST EXIT 0.0% -1.4% 0.0 0 -503,583 0
CUSIP:81211K100 funds › SEALED AIR CORP NEW EXIT 0.0% -0.3% 0.0 0 -56,071 0

Point-in-time history

Each row is this fund as of that period, not as of today — what the scoring for that quarter actually saw.
PeriodAUM ($M)Positions TurnoverTop-10 wtHerfindahl Quality Q Skill Universe
2026Q2 945 75 0.47 48% 0.035 0.053 in
2026Q1 750 86 0.59 54% 0.038 0.026 entered
2025Q4 819 75 0.64 44% 0.029 0.000 out
2025Q3 698 73 0.79 42% 0.030 0.000 left
2025Q2 571 58 0.52 55% 0.041 0.035 entered
2025Q1 577 64 0.00 60% 0.044 0.000 out
Long US-equity 13F disclosures only · up to 45-day reporting lag · sells = reduce/avoid, not short. JSON: /api/signals · /api/funds · /api/status