Holdings (Monthly)
Guide ↗
Water Island Credit Opportunities Fund
· Arbitrage Funds| # | Name | Ticker | Since | Shares | Shares Δ | Value | Val Δ% | % Port | Cat |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Morgan Stanley & Co. LLC | 61747C707 | May 2023 | 19,969,441 | +14,012,222 | $20.0M | +235.2% | 11.83% | STIV |
| 2 | State Street Global Advisors | 857492706 | May 2023 | 19,969,441 | +14,012,221 | $20.0M | +235.2% | 11.83% | STIV |
| 3 | MORGAN STANLEY PRIME BROKER US | 000000000 | May 2023 | 13,773,253 | +2,217,303 | $13.8M | +19.2% | 8.16% | — |
| 4 | TXNM ENERGY INC | 69349HAF4 | Feb 2026 | 6,000,000 | +3,000,000 | $8.1M | +101.2% | 4.80% | DBT |
| 5 | CHART INDUSTRIES INC | 16115QAF7 | Feb 2026 | 6,155,000 | — | $6.4M | -0.3% | 3.77% | DBT |
| 6 | DISH DBS CORP | 25470XBE4 | May 2026 | 6,243,000 | NEW | $6.2M | — | 3.68% | DBT |
| 7 | NCR ATLEOS LLC | 638962AA8 | May 2026 | 5,481,000 | NEW | $5.9M | — | 3.47% | DBT |
| 8 | CARVANA CO | 146869AM4 | May 2026 | 5,000,000 | NEW | $5.5M | — | 3.27% | DBT |
| 9 | Olaplex Inc | 67936UAB7 | May 2026 | 5,306,000 | NEW | $5.3M | — | 3.15% | LON |
| 10 | ECHOSTAR CORP | 278768AA4 | Feb 2026 | 5,093,000 | — | $5.2M | +0.9% | 3.08% | DBT |
| 11 | LIVE NATION ENTERTAINMEN | 538034AV1 | Feb 2026 | 5,000,000 | — | $5.0M | -0.4% | 2.96% | DBT |
| 12 | KENNEDY-WILSON INC | 489399AM7 | Feb 2026 | 4,959,000 | — | $5.0M | +4.0% | 2.96% | DBT |
| 13 | NUTANIX INC | 67059NAK4 | Feb 2026 | 5,000,000 | — | $5.0M | +7.8% | 2.93% | DBT |
| 14 | BENTLEY SYSTEMS | 08265TAD1 | May 2024 | 5,000,000 | — | $4.8M | +0.3% | 2.83% | DBT |
| 15 | VARONIS SYSTEM INC | 922280AD4 | Feb 2026 | 5,000,000 | +2,000,000 | $4.7M | +76.1% | 2.81% | DBT |
| 16 | ZSCALER INC. | 98980GAC6 | Feb 2026 | 5,000,000 | +1,000,000 | $4.6M | +25.2% | 2.72% | DBT |
| 17 | ORGANON & CO/ORGANON FOR | 68622TAA9 | Feb 2026 | 4,509,000 | — | $4.5M | +0.6% | 2.64% | DBT |
| 18 | REDFIN CORP | 75737FAE8 | Feb 2026 | 4,500,000 | — | $4.3M | +0.4% | 2.55% | DBT |
| 19 | KEHE DIST/FIN / NEXTWAVE | 487526AC9 | May 2026 | 4,000,000 | NEW | $4.2M | — | 2.47% | DBT |
| 20 | WESCO DISTRIBUTION INC | 95081QAP9 | Feb 2026 | 3,500,000 | — | $3.5M | -0.5% | 2.08% | DBT |
| 21 | BAUSCH + LOMB CORP | 071705AA5 | Feb 2026 | 3,296,000 | — | $3.4M | -0.4% | 2.02% | DBT |
| 22 | CLEAR CHANNEL OUTDOOR HO | 18453HAD8 | Feb 2026 | 3,302,000 | — | $3.3M | -0.4% | 1.96% | DBT |
| 23 | NEW FLYER HOLDINGS | 64438WAA5 | May 2026 | 3,000,000 | NEW | $3.2M | — | 1.91% | DBT |
| 24 | ORGANON & CO/ORGANON FOR | 68622TAB7 | May 2026 | 3,000,000 | NEW | $3.0M | — | 1.76% | DBT |
| 25 | WISDOMTREE INC | 97717PAL8 | May 2026 | 2,500,000 | NEW | $3.0M | — | 1.76% | DBT |
| 26 | NEXSTAR MEDIA INC | 65336YAN3 | May 2026 | 3,000,000 | NEW | $3.0M | — | 1.75% | DBT |
| 27 | EMRLD Borrower LP | 26872NAC3 | Feb 2026 | 2,707,181 | -6,819 | $2.7M | +0.2% | 1.61% | LON |
| 28 | TOPBUILD CORP | 89055FAD5 | May 2026 | 2,500,000 | NEW | $2.5M | — | 1.49% | DBT |
| 29 | RAPID7 INC | 753422AF1 | Feb 2026 | 2,500,000 | — | $2.4M | +1.6% | 1.41% | DBT |
| 30 | UNITED STATES STEEL CORP | 912909AU2 | May 2024 | 2,300,000 | — | $2.3M | +0.6% | 1.37% | DBT |
| 31 | SURGERY CENTER HOLDINGS | 86881WAF9 | Feb 2026 | 2,000,000 | — | $2.0M | +0.4% | 1.19% | DBT |
| 32 | Rand Parent, LLC | 75223LAD8 | Feb 2026 | 1,989,924 | -5,038 | $2.0M | -0.1% | 1.18% | LON |
| 33 | DISH DBS CORP | 25470XAY1 | May 2026 | 2,000,000 | NEW | $2.0M | — | 1.18% | DBT |
| 34 | CHART INDUSTRIES INC | 16115QAG5 | Feb 2026 | 1,768,000 | — | $1.9M | -0.1% | 1.10% | DBT |
| 35 | RAPID7 INC | 753422AH7 | Feb 2026 | 2,125,000 | — | $1.8M | -3.1% | 1.04% | DBT |
| 36 | KENNEDY-WILSON INC | 489399AN5 | Feb 2026 | 1,220,000 | — | $1.2M | +4.0% | 0.73% | DBT |
| 37 | IHEARTCOMMUNICATIONS INC | 45174HBM8 | May 2026 | 1,305,000 | NEW | $1.2M | — | 0.71% | DBT |
| 38 | SWAP MORGAN STANLEY COC | 000000000 | May 2023 | 1,070,000 | NEW | $1.1M | — | 0.63% | — |
| 39 | CLEAR CHANNEL OUTDOOR HO | 18453HAC0 | Feb 2026 | 1,000,000 | — | $1.0M | -0.6% | 0.59% | DBT |
| 40 | IHEARTCOMMUNICATIONS INC | 45174HBJ5 | May 2026 | 941,000 | NEW | $912K | — | 0.54% | DBT |
| 41 | GLADSTONE CAPITAL CORP | 376535AG5 | Feb 2026 | 717,000 | -706,000 | $683K | -49.0% | 0.40% | DBT |
| 42 | Morgan Stanley & Co. LLC | 000000000 | May 2023 | 200 | NEW | $111K | — | 0.07% | DE |
| 43 | TOPBUILD CORP | 89055FAC7 | May 2026 | 90,000 | NEW | $91K | — | 0.05% | DBT |
| 44 | Morgan Stanley & Co. LLC | 000000000 | May 2023 | -9 | NEW | $-4806 | — | -0.00% | DE |
| 45 | Surgery Partners Inc | 86881A100 | Feb 2026 | -500 | — | $-6680 | -13.8% | -0.00% | EC |
| 46 | iHeartMedia Inc | 45174J509 | May 2026 | -10,875 | NEW | $-46871 | — | -0.03% | EC |
| 47 | Rapid7 Inc | 753422104 | Feb 2026 | -6,087 | — | $-51009 | +34.7% | -0.03% | EC |
| 48 | Morgan Stanley & Co. LLC | 000000000 | May 2023 | 1,251,695 | NEW | $-93408 | — | -0.06% | DE |
| 49 | Gladstone Capital Corp | 376535878 | Feb 2026 | -6,023 | +6,001 | $-116666 | -46.7% | -0.07% | EC |
| 50 | Morgan Stanley & Co. LLC | 000000000 | May 2023 | 1,854,000 | NEW | $-153750 | — | -0.09% | DE |
| 51 | Bentley Systems Inc | 08265T208 | May 2024 | -5,000 | +1,000 | $-163200 | -25.6% | -0.10% | EC |
| 52 | Zscaler Inc | 98980G102 | Feb 2026 | -1,940 | -100 | $-271076 | +0.2% | -0.16% | EC |
| 53 | Kennedy-Wilson Holdings Inc | 489398107 | Feb 2026 | -45,700 | — | $-503157 | +1.2% | -0.30% | EC |
| 54 | Organon & Co | 68622V106 | Feb 2026 | -52,800 | -32,500 | $-704352 | +376.0% | -0.42% | EC |
| 55 | Varonis Systems Inc | 922280102 | Feb 2026 | -27,300 | -16,200 | $-932295 | +263.6% | -0.55% | EC |
| 56 | Nutanix Inc | 67059N108 | Feb 2026 | -27,400 | -5,300 | $-1426718 | +68.6% | -0.84% | EC |
| 57 | WisdomTree Inc | 97717P104 | May 2026 | -75,329 | NEW | $-1435017 | — | -0.85% | EC |
| 58 | iShares iBoxx USD High Yield Corporate Bond ETF | 464288513 | May 2026 | -25,000 | NEW | $-2007750 | — | -1.19% | EC |
| 59 | TXNM Energy Inc | 69349H107 | Feb 2026 | -106,700 | -52,700 | $-6317707 | +98.2% | -3.74% | EC |
| ✕ | HOLOGIC INC | 436440AP6 | — | 7,500,000 | SOLD | $7.5M | — | — | — |
| ✕ | FRONTIER COMMUNICATIONS | 35908MAD2 | — | 6,408,000 | SOLD | $6.6M | — | — | — |
| ✕ | EXACT SCIENCES CORP | 30063PAC9 | — | 6,000,000 | SOLD | $6.2M | — | — | — |
| ✕ | SEALED AIR/SEALED AIR US | 812127AA6 | — | 6,000,000 | SOLD | $6.1M | — | — | — |
| ✕ | CSG SYSTEMS INTERNATIONA | 126349AH2 | — | 5,000,000 | SOLD | $6.1M | — | — | — |
| ✕ | CONFLUENT INC | 20717MAB9 | — | 5,000,000 | SOLD | $4.9M | — | — | — |
| ✕ | TEGNA INC | 87901JAH8 | — | 3,473,000 | SOLD | $3.5M | — | — | — |
| ✕ | CALPINE LLC | 131347CN4 | — | 3,303,000 | SOLD | $3.3M | — | — | — |
| ✕ | HALOZYME THERAPEUTICS IN | 40637HAD1 | — | 3,000,000 | SOLD | $3.2M | — | — | — |
| ✕ | DYNAVAX TECHNOLOGIES | 268158AE2 | — | 3,000,000 | SOLD | $3.1M | — | — | — |
| ✕ | BLACKLINE INC | 09239BAD1 | — | 3,071,000 | SOLD | $3.1M | — | — | — |
| ✕ | TYLER TECHNOLOGIES INC | 902252AB1 | — | 3,000,000 | SOLD | $3.0M | — | — | — |
| ✕ | ITRON INC | 465741AN6 | — | 2,500,000 | SOLD | $2.5M | — | — | — |
| ✕ | Exact Sciences Corp | 30063P105 | — | -12,400 | SOLD | $-1.3M | — | — | — |
| ✕ | Halozyme Therapeutics Inc | 40637H109 | — | -21,400 | SOLD | $-1.5M | — | — | — |
| ✕ | CSG Systems International Inc | 126349109 | — | -41,000 | SOLD | $-3.3M | — | — | — |