13F HOLDINGS REPORT
WATER ISLAND CAPITAL LLC
Quarter ended Q3 2025 · Filed November 14, 2025 · Accession 0001222765-25-000021
Total Value
$793.3M
Positions
84
Other Managers
0
Confidential Omitted
No
Holdings (84)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | CYBERARK SOFTWARE LTD | M2682V108 | 85,799 | $41.5M | 5.23% |
| 2 | NORFOLK SOUTHN CORP | 655844108 | 125,799 | $37.8M | 4.76% |
| 3 | VERONA PHARMA PLC | 925050106 | 290,182 | $31.0M | 3.90% |
| 4 | AVIDXCHANGE HOLDINGS INC | 05368X102 | 2,882,867 | $28.7M | 3.62% |
| 5 | INFORMATICA INC | 45674M101 | 1,149,598 | $28.6M | 3.60% |
| 6 | VERITEX HLDGS INC | 923451108 | 815,698 | $27.4M | 3.45% |
| 7 | TXNM ENERGY INC | TXNM | 450,660 | $25.5M | 3.21% |
| 8 | CHART INDS INC | 16115Q308 | 127,171 | $25.5M | 3.21% |
| 9 | TEGNA INC | 87901J105 | 1,223,508 | $24.9M | 3.14% |
| 10 | VERINT SYS INC | 92343X100 | 1,202,967 | $24.4M | 3.07% |
| 11 | POTBELLY CORP | 73754Y100 | 1,351,588 | $23.0M | 2.90% |
| 12 | ASPEN INSURANCE HOLDINGS LTD | AHL-PF | 620,249 | $22.8M | 2.87% |
| 13 | WNS HLDGS LTD | G98196101 | 296,042 | $22.6M | 2.85% |
| 14 | SYNOVUS FINL CORP | 87161C501 | 421,500 | $20.7M | 2.61% |
| 15 | SYNOVUS FINL CORP | 87161C951 | 421,500 | $20.7M | 2.61% |
| 16 | AIR LEASE CORP | AIIR | 300,677 | $19.1M | 2.41% |
| 17 | CORE SCIENTIFIC INC NEW | 21874A956 | 1,042,000 | $18.7M | 2.36% |
| 18 | MERIDIANLINK INC | MRDN | 930,234 | $18.5M | 2.34% |
| 19 | SAPIENS INTL CORP N V | G7T16G103 | 421,434 | $18.1M | 2.28% |
| 20 | ELECTRONIC ARTS INC | EA | 88,590 | $17.9M | 2.25% |
| 21 | STAAR SURGICAL CO | STAA | 658,317 | $17.7M | 2.23% |
| 22 | HANESBRANDS INC | 410345102 | 2,264,676 | $14.9M | 1.88% |
| 23 | CORE SCIENTIFIC INC NEW | 21874A106 | 785,446 | $14.1M | 1.78% |
| 24 | DAYFORCE INC | 15677J108 | 183,721 | $12.7M | 1.60% |
| 25 | VIMEO INC | 92719V100 | 1,555,942 | $12.1M | 1.52% |
| 26 | MCGRATH RENTCORP | MGRC | 99,363 | $11.6M | 1.47% |
| 27 | PROS HOLDINGS INC | 74346Y103 | 492,502 | $11.3M | 1.42% |
| 28 | INTEGRAL AD SCIENCE HLDNG CO | 45828L108 | 1,071,160 | $10.9M | 1.37% |
| 29 | TECK RESOURCES LTD | TCKRF | 209,900 | $9.2M | 1.16% |
| 30 | TECK RESOURCES LTD | TCKRF | 209,600 | $9.2M | 1.16% |
| 31 | MERUS N V | N5749R100 | 96,000 | $9.0M | 1.14% |
| 32 | Merus NV | N5749R950 | 96,000 | $9.0M | 1.14% |
| 33 | VERONA PHARMA PLC | 925050956 | 84,100 | $9.0M | 1.13% |
| 34 | KELLANOVA | BEKE | 108,800 | $8.9M | 1.12% |
| 35 | WIDEOPENWEST INC | 96758W101 | 1,558,174 | $8.0M | 1.01% |
| 36 | PREMIER INC | PREM | 278,420 | $7.7M | 0.98% |
| 37 | 89BIO INC | 282559903 | 493,500 | $7.3M | 0.91% |
| 38 | SPOTIFY USA INC | 84921RAB6 | 5,000,000 | $6.8M | 0.86% |
| 39 | PARAMOUNT GROUP INC | 69924R108 | 958,918 | $6.3M | 0.79% |
| 40 | UBER TECHNOLOGIES INC | UBER | 5,000,000 | $6.1M | 0.77% |
| 41 | BOEING CO | BA-PA | 80,000 | $5.6M | 0.70% |
| 42 | COMPASS INC | COMP | 655,600 | $5.3M | 0.66% |
| 43 | PROASSURANCE CORP | PRA | 210,461 | $5.0M | 0.64% |
| 44 | ANYWHERE REAL ESTATE INC | 75605Y106 | 456,600 | $4.8M | 0.61% |
| 45 | ANYWHERE REAL ESTATE INC | 75605Y956 | 456,600 | $4.8M | 0.61% |
| 46 | BENTLEY SYS INC | BSY | 5,000,000 | $4.7M | 0.59% |
| 47 | AKAMAI TECHNOLOGIES INC | AKAM | 4,500,000 | $4.3M | 0.54% |
| 48 | REDFIN CORP | 75737FAE8 | 4,500,000 | $4.2M | 0.53% |
| 49 | CUREVAC N V | N2451R105 | 762,138 | $4.1M | 0.52% |
| 50 | TXNM ENERGY INC | TXNM | 3,000,000 | $4.0M | 0.50% |
| 51 | HALOZYME THERAPEUTICS INC | HALO | 3,000,000 | $3.4M | 0.43% |
| 52 | DEXCOM INC | DXCM | 3,500,000 | $3.2M | 0.40% |
| 53 | BLACKLINE INC | BL | 3,071,000 | $3.0M | 0.38% |
| 54 | VERINT SYSTEMS INC | 92343XAC4 | 3,000,000 | $2.9M | 0.37% |
| 55 | SANDSTORM GOLD LTD | 80013R206 | 214,205 | $2.7M | 0.34% |
| 56 | TOURMALINE BIO INC | 89157D105 | 50,968 | $2.4M | 0.31% |
| 57 | RAPID7 INC | RPD | 2,500,000 | $2.3M | 0.29% |
| 58 | LIBERTY BROADBAND CORP | LBRDP | 35,810 | $2.3M | 0.29% |
| 59 | GLADSTONE CAP CORP | GLAD | 2,000,000 | $2.0M | 0.25% |
| 60 | INTERPUBLIC GROUP COS INC | INTR | 63,104 | $1.8M | 0.22% |
| 61 | CANTALOUPE INC | CTLPP | 160,907 | $1.7M | 0.21% |
| 62 | STEELCASE INC | 858155203 | 94,905 | $1.6M | 0.21% |
| 63 | EVOLENT HEALTH INC | EVH | 2,000,000 | $1.6M | 0.20% |
| 64 | FUBOTV INC | FUBO | 1,591,000 | $1.6M | 0.20% |
| 65 | ZIMVIE INC | 98888T107 | 72,353 | $1.4M | 0.17% |
| 66 | MAC COPPER LIMITED | G60409110 | 103,254 | $1.3M | 0.16% |
| 67 | LIVE NATION ENTERTAINMENT IN | LYV | 7,500 | $1.2M | 0.15% |
| 68 | AMERICAN WOODMARK CORPORATIO | AMWD | 18,336 | $1.2M | 0.15% |
| 69 | INTERNATIONAL MNY EXPRESS IN | INTR | 86,175 | $1.2M | 0.15% |
| 70 | REDWOOD TRUST INC | RWTQ | 1,000,000 | $1.0M | 0.13% |
| 71 | METSERA INC | 59267L107 | 18,730 | $980,141 | 0.12% |
| 72 | METSERA INC | 59267L957 | 18,700 | $978,571 | 0.12% |
| 73 | MRC GLOBAL INC | 55345K103 | 58,605 | $845,084 | 0.11% |
| 74 | NORTHWESTERN ENERGY GROUP IN | NWE | 14,303 | $838,299 | 0.11% |
| 75 | CROSS CTRY HEALTHCARE INC | 227483104 | 42,897 | $609,137 | 0.08% |
| 76 | SOHO HOUSE & CO INC | 586001109 | 65,542 | $580,047 | 0.07% |
| 77 | PERFORMANT HEALTHCARE INC | 71377E105 | 72,772 | $562,528 | 0.07% |
| 78 | BERRY CORP | 08579X101 | 142,979 | $540,461 | 0.07% |
| 79 | PROVIDENT BANCORP INC | 74383L105 | 40,282 | $504,733 | 0.06% |
| 80 | CORECARD CORPORATION | 45816D100 | 16,595 | $446,737 | 0.06% |
| 81 | CITY OFFICE REIT INC | CHCO | 54,317 | $378,046 | 0.05% |
| 82 | HARBORONE BANCORP INC NEW | 41165Y100 | 22,464 | $305,510 | 0.04% |
| 83 | AURA BIOSCIENCES INC | AURA | 10,372 | $64,099 | 0.01% |
| 84 | PACIFIC BIOSCIENCES CALIF IN | 69404D108 | 35,754 | $45,765 | 0.01% |