Water Island Capital LLC Top Holdings and 13F Report (2025) About Water Island Capital LLCInvestment ActivityWater Island Capital LLC has $764.12 million in total holdings as of March 31, 2025.Water Island Capital LLC owns shares of 84 different stocks, but just 29 companies or ETFs make up 80% of its holdings.Approximately 48.34% of the portfolio was purchased this quarter.About 72.28% of the portfolio was sold this quarter.This quarter, Water Island Capital LLC has purchased 78 new stocks and bought additional shares in 9 stocks.Water Island Capital LLC sold shares of 20 stocks and completely divested from 35 stocks this quarter.Largest Holdings Amedisys $51,725,889CHEVRON CORP NEW $46,891,387Hess $41,355,216H&E Equipment Services $40,915,914Kellanova $40,522,470 Largest New Holdings this Quarter 166764900 - CHEVRON CORP NEW $46,891,387 Holding404030108 - H&E Equipment Services $40,915,914 Holding073685109 - Beacon Roofing Supply $33,461,964 Holding912909908 - UNITED STATES STL CORP NEW $22,456,964 Holding404030958 - H & E EQUIPMENT SERVICES INC $21,934,406 Holding Largest Purchases this Quarter CHEVRON CORP NEW 280,300 shares (about $46.89M)H&E Equipment Services 431,648 shares (about $40.92M)Beacon Roofing Supply 270,509 shares (about $33.46M)UNITED STATES STL CORP NEW 531,400 shares (about $22.46M)H & E EQUIPMENT SERVICES INC 231,400 shares (about $21.93M) Largest Sales this Quarter ChampionX 1,105,824 shares (about $32.95M)Hess 150,854 shares (about $24.10M)Frontier Communications Parent 654,186 shares (about $23.46M)United States Steel 534,128 shares (about $22.57M)Kellanova 153,831 shares (about $12.69M) Sector Allocation Over TimeMap of 500 Largest Holdings ofWater Island Capital LLC Selling Neutral Buying Latest 13F Holdings and Changes Since Previous Quarterly FilingIssuer NameHoldings ValueApproximate Purchase/SaleChange in SharesShares Held% of PortfolioSectorAMEDAmedisys$51,725,889$4,182,337 ▼-7.5%558,4146.8%MedicalCHEVRON CORP NEW$46,891,387$46,891,387 ▲New Holding280,3006.1%Equity CallHESHess$41,355,216$24,095,910 ▼-36.8%258,9075.4%EnergyHEESH&E Equipment Services$40,915,914$40,915,914 ▲New Holding431,6485.4%IndustrialsKKellanova$40,522,470$12,689,519 ▼-23.8%491,2415.3%Consumer DiscretionaryEVRIEveri$34,165,061$5,818,608 ▼-14.6%2,499,2734.5%Business ServicesBECNBeacon Roofing Supply$33,461,964$33,461,964 ▲New Holding270,5094.4%Retail/WholesaleANSSANSYS$32,757,629$4,564,479 ▼-12.2%103,4804.3%Computer and TechnologyJNPRJuniper Networks$31,556,270$3,098,298 ▼-8.9%871,9614.1%Computer and TechnologyUNITED STATES STL CORP NEW$22,456,964$22,456,964 ▲New Holding531,4002.9%Equity CallH & E EQUIPMENT SERVICES INC$21,934,406$21,934,406 ▲New Holding231,4002.9%Equity PutPLYAPlaya Hotels & Resorts$21,121,198$21,121,198 ▲New Holding1,584,4862.8%Consumer DiscretionaryESGREnstar Group$19,150,074$4,416,666 ▲30.0%57,6152.5%FinancePYCRPaycor HCM$16,933,357$16,933,357 ▲New Holding754,6062.2%Computer and TechnologyTGITriumph Group$15,937,365$15,937,365 ▲New Holding628,9412.1%AerospaceSPDR S&P 500 ETF TR$13,984,7500.0%25,0001.8%Equity CallDNBDun & Bradstreet$12,846,092$12,846,092 ▲New Holding1,436,9231.7%Business ServicesJWNNordstrom$12,590,357$3,323,807 ▲35.9%514,9431.6%Retail/WholesalePARAParamount Global$12,563,968$5,510,785 ▼-30.5%1,050,4991.6%Consumer DiscretionaryINTRA-CELLULAR THERAPIES INC$11,595,768$11,595,768 ▲New Holding87,9001.5%Equity PutMGRCMcGrath RentCorp$11,048,652$7,912,742 ▼-41.7%99,1801.4%FinancePRAProAssurance$10,328,779$10,328,779 ▲New Holding442,3461.4%FinanceNORDSTROM INC$9,916,920$650,370 ▲7.0%405,6001.3%Equity PutWALGREENS BOOTS ALLIANCE INC$9,159,400$9,159,400 ▲New Holding820,0001.2%Equity CallWALGREENS BOOTS ALLIANCE INC$9,159,400$9,159,400 ▲New Holding820,0001.2%Equity PutAMCOR PLC$9,142,2500.0%942,5001.2%Equity CallCMRXChimerix$9,097,623$9,097,623 ▲New Holding1,069,0511.2%MedicalROCKET COS INC$8,117,075$8,117,075 ▲New Holding672,5001.1%Equity CallRDFNRedfin$7,814,685$7,814,685 ▲New Holding848,5001.0%FinancePDCOPatterson Companies$6,922,003$437,266 ▼-5.9%221,5750.9%MedicalOMNICOM GROUP INC$6,359,197$24,873 ▼-0.4%76,7000.8%Equity CallITCIIntra-Cellular Therapies$5,977,031$5,977,031 ▲New Holding45,3080.8%MedicalDESPEGAR COM CORP$5,623,847$1,529,506 ▲37.4%299,3000.7%Equity CallUBER TECHNOLOGIES INC$5,300,0000.0%5,000,0000.7%Convertible BondAIR TRANS SVCS GROUP INC$5,005,2570.0%5,000,0000.7%Convertible BondBRDGBridge Investment Group$4,878,960$4,878,960 ▲New Holding509,2860.6%FinanceBOEING CO$4,786,4000.0%80,0000.6%Convertible Preferred StockENFNEnfusion$4,727,946$4,727,946 ▲New Holding424,0310.6%Computer and TechnologyFNAParagon 28$4,675,480$4,675,480 ▲New Holding358,0000.6%MedicalBENTLEY SYS INC$4,534,6880.0%5,000,0000.6%Convertible BondINSULET CORP$4,433,2700.0%3,500,0000.6%Convertible BondBERYBerry Global Group$4,273,769$8,045,883 ▼-65.3%61,2200.6%IndustrialsSPOTIFY USA INC$4,172,7000.0%3,500,0000.5%Convertible BondISHARES TR$3,944,500$3,944,500 ▲New Holding50,0000.5%Equity PutFYBRFrontier Communications Parent$3,805,391$23,459,107 ▼-86.0%106,1180.5%Computer and TechnologySWISolarWinds$3,530,673$3,530,673 ▲New Holding191,5720.5%Computer and TechnologyHERC HLDGS INC$3,464,166$3,464,166 ▲New Holding25,8000.5%Equity CallWBAWalgreens Boots Alliance$3,374,680$3,374,680 ▲New Holding302,1200.4%Retail/WholesaleCCRNCross Country Healthcare$3,369,414$2,111,521 ▼-38.5%226,2870.4%Business ServicesLBRDKLiberty Broadband$3,200,772$27,641 ▲0.9%37,6340.4%Consumer DiscretionaryHALOZYME THERAPEUTICS INC$3,175,0000.0%3,000,0000.4%Convertible BondDEXCOM INC$3,123,458$3,123,458 ▲New Holding3,500,0000.4%Convertible BondREDFIN CORP$3,066,231$3,066,231 ▲New Holding3,500,0000.4%Convertible BondBLACKLINE INC$2,936,7360.0%3,071,0000.4%Convertible BondVERINT SYSTEMS INC$2,841,4580.0%3,000,0000.4%Convertible BondATSGAir Transport Services Group$2,480,046$2,480,046 ▲New Holding110,5190.3%TransportationALEALLETE$2,375,384$525,140 ▲28.4%36,1550.3%UtilitiesRAPID7 INC$2,286,2150.0%2,500,0000.3%Convertible BondPTVEPactiv Evergreen$2,283,488$1,185,508 ▲108.0%126,7900.3%IndustrialsXUnited States Steel$2,281,575$22,572,248 ▼-90.8%53,9890.3%Basic MaterialsPARAMOUNT GLOBAL$2,214,992$2,214,992 ▲New Holding185,2000.3%Equity PutPAYCOR HCM INC$1,815,396$1,815,396 ▲New Holding80,9000.2%Equity PutWISDOMTREE INC$1,551,1040.0%1,500,0000.2%Convertible BondFUBOTV INC$1,545,899$1,545,899 ▲New Holding1,591,0000.2%Convertible BondACCOLADE INC$1,519,969$1,519,969 ▲New Holding1,550,0000.2%Corporate BondACCDAccolade$1,362,182$1,362,182 ▲New Holding195,1550.2%Business ServicesAMPSAltus Power$1,361,666$1,361,666 ▲New Holding275,0840.2%EnergyRDUSRadius Recycling$1,350,169$1,350,169 ▲New Holding46,7510.2%Business ServicesAGSPlayAGS$1,190,038$97,183 ▲8.9%98,2690.2%Consumer DiscretionarySPRSpirit AeroSystems$1,101,238$829,452 ▲305.2%31,9570.1%AerospaceIPGInterpublic Group of Companies$863,009$5,906,811 ▼-87.3%31,7750.1%Business ServicesCLEARWATER ANALYTICS HLDGS I$852,240$852,240 ▲New Holding31,8000.1%Equity PutAMSWAAmerican Software$770,011$770,011 ▲New Holding53,9980.1%Computer and TechnologyFBMSFirst Bancshares$724,684$436,521 ▼-37.6%21,4340.1%FinanceNVRONevro$681,651$681,651 ▲New Holding116,7210.1%MedicalGBGlobal Blue Group$643,713$643,713 ▲New Holding87,4610.1%Business ServicesBRKLBrookline Bancorp$584,840$75,559 ▼-11.4%53,6550.1%FinanceRKTRocket Companies$559,650$559,650 ▲New Holding46,3670.1%FinanceSRDXSurmodics$553,570$553,570 ▲New Holding18,1320.1%MedicalTSVT2seventy bio$513,790$513,790 ▲New Holding104,0060.1%MedicalCHXChampionX$321,840$32,953,555 ▼-99.0%10,8000.0%ConstructionBAUSCH PLUS LOMB CORP$240,700$211,700 ▼-46.8%16,6000.0%Equity CallSURGERY PARTNERS INC$237,500$261,250 ▼-52.4%10,0000.0%Equity CallXEROX HOLDINGS CORP$96,6000.0%20,0000.0%Equity CallHCPHashiCorp$0$43,952,905 ▼-100.0%00.0%Computer and TechnologyEDREndeavor Group$0$42,123,412 ▼-100.0%00.0%Consumer DiscretionaryACIAlbertsons Companies$0$36,583,664 ▼-100.0%00.0%Consumer StaplesSCHLUMBERGER LTD$0$31,331,448 ▼-100.0%00.0%Equity CallSMARSmartsheet$0$31,147,300 ▼-100.0%00.0%Computer and TechnologyZUOZuora$0$24,031,308 ▼-100.0%00.0%Computer and TechnologyROICRetail Opportunity Investments$0$22,767,085 ▼-100.0%00.0%FinanceCDMOAvid Bioservices$0$19,714,788 ▼-100.0%00.0%MedicalSUMSummit Materials$0$19,475,332 ▼-100.0%00.0%ConstructionALTRAltair Engineering$0$15,767,378 ▼-100.0%00.0%Computer and TechnologyARCADIUM LITHIUM PLC$0$14,223,915 ▼-100.0%00.0%EquityTECHTARGET INC$0$14,116,929 ▼-100.0%00.0%Convertible BondMTTRMatterport$0$12,719,591 ▼-100.0%00.0%Business ServicesBBarrick Gold$0$10,837,002 ▼-100.0%00.0%Basic MaterialsDEXCOM INC$0$7,946,012 ▼-100.0%00.0%Convertible BondREVANCE THERAPEUTICS INC$0$7,095,968 ▼-100.0%00.0%Equity CallShowing largest 100 holdings. View all holdings. More Institutional Buying and Selling Information SEC Filings and Trading Data SEC Filings 13F Filings Top 13F Buys Top 13F Sells Get 30 Days of MarketBeat All Access for Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools. Start Your 30-Day Trial MarketBeat All Access Features Best-in-Class Portfolio Monitoring Get personalized stock ideas. Compare portfolio to indices. Check stock news, ratings, SEC filings, and more. Stock Ideas and Recommendations See daily stock ideas from top analysts. Receive short-term trading ideas from MarketBeat. Identify trending stocks on social media. Advanced Stock Screeners and Research Tools Use our seven stock screeners to find suitable stocks. Stay informed with MarketBeat's real-time news. Export data to Excel for personal analysis. Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. 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