Filed: 2/17/2026ACC: 0001222765-26-000003
📋 What this filing means
WATER ISLAND CAPITAL LLC filed this quarterly 13F‑HR report disclosing 91 equity positions with a total reported market value of $927.60M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
91
Positions
$927.60M
Total AUM (reported)
75.36M
Total Shares
Allocation by class
EQUITY$760.28M82.0%
EQUITY PUT$76.12M8.2%
CONVERTIBLE BOND$52.81M5.7%
EQUITY CALL$32.87M3.5%
CONVERTIBLE PREFERRED STOCK$5.52M0.6%
Portfolio Concentration
Top 3$114.75M12.4%
4–10$242.01M26.1%
11–25$289.23M31.2%
Rest$281.61M30.4%
Top 3 weight
12.4%
Top 10 weight
38.5%
Voting Authority Distribution
Total shares with voting rights: 75.36M
Sole
Full voting authority
75.36M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole91
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings91
Rows:
Chart Industries Inc
SOLEShares188.32K
TypeSH
Market value$38.84M
4.19%
Sole
188.32K
Shared
0.00
None
0.00
CyberArk Software Ltd
SOLEShares86.65K
TypeSH
Market value$38.65M
4.17%
Sole
86.65K
Shared
0.00
None
0.00
Norfolk Southern Corp
SOLEShares129.04K
TypeSH
Market value$37.26M
4.02%
Sole
129.04K
Shared
0.00
None
0.00
Electronic Arts Inc
SOLEShares180.84K
TypeSH
Market value$36.95M
3.98%
Sole
180.84K
Shared
0.00
None
0.00
Exact Sciences Corp
SOLEShares350.01K
TypeSH
Market value$35.55M
3.83%
Sole
350.01K
Shared
0.00
None
0.00
Hologic Inc
SOLEShares467.74K
TypeSH
Market value$34.84M
3.76%
Sole
467.74K
Shared
0.00
None
0.00
Comerica Inc
SOLEShares398.04K
TypeSH
Market value$34.60M
3.73%
Sole
398.04K
Shared
0.00
None
0.00
TXNM Energy Inc
SOLEShares576.41K
TypeSH
Market value$33.94M
3.66%
Sole
576.41K
Shared
0.00
None
0.00
Cidara Therapeutics Inc
SOLEShares150.71K
TypeSH
Market value$33.29M
3.59%
Sole
150.71K
Shared
0.00
None
0.00
Warner Bros Discovery Inc
SOLEShares1.14M
TypeSH
Market value$32.84M
3.54%
Sole
1.14M
Shared
0.00
None
0.00
Janus Henderson Group PLC
SOLEShares647.49K
TypeSH
Market value$30.80M
3.32%
Sole
647.49K
Shared
0.00
None
0.00
Avadel Pharmaceuticals PLC
SOLEShares1.09M
TypeSH
Market value$23.43M
2.53%
Sole
1.09M
Shared
0.00
None
0.00
Sealed Air Corp
SOLEShares559.24K
TypeSH
Market value$23.17M
2.50%
Sole
559.24K
Shared
0.00
None
0.00
TEGNA Inc
SOLEShares1.18M
TypeSH
Market value$22.90M
2.47%
Sole
1.18M
Shared
0.00
None
0.00
Aspen Insurance Holdings Ltd
SOLEShares572.68K
TypeSH
Market value$21.25M
2.29%
Sole
572.68K
Shared
0.00
None
0.00
Clearwater Analytics Holdings
SOLEShares875.63K
TypeSH
Market value$21.12M
2.28%
Sole
875.63K
Shared
0.00
None
0.00
Synovus Financial Corp
SOLEShares403.65K
TypeSH
Market value$20.20M
2.18%
Sole
403.65K
Shared
0.00
None
0.00
Confluent Inc
SOLEShares640.11K
TypeSH
Market value$19.36M
2.09%
Sole
640.11K
Shared
0.00
None
0.00
Air Lease Corp
SOLEShares298.44K
TypeSH
Market value$19.17M
2.07%
Sole
298.44K
Shared
0.00
None
0.00
State Street SPDR S&P 500 ETF
SOLEShares25K
TypeSH
Market value$17.05M
1.84%
Sole
25K
Shared
0.00
None
0.00
Cidara Therapeutics Inc
SOLEShares76.90K
TypeSH
Market value$16.99M
1.83%
Sole
76.90K
Shared
0.00
None
0.00
DigitalBridge Group Inc
SOLEShares929K
TypeSH
Market value$14.25M
1.54%
Sole
929K
Shared
0.00
None
0.00
Teck Resources Ltd
SOLEShares292.10K
TypeSH
Market value$13.99M
1.51%
Sole
292.10K
Shared
0.00
None
0.00
Jamf Holding Corp
SOLEShares985.07K
TypeSH
Market value$12.82M
1.38%
Sole
985.07K
Shared
0.00
None
0.00
Cadence Bank
SOLEShares297.60K
TypeSH
Market value$12.75M
1.37%
Sole
297.60K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
Chart Industries IncSOLE | Equity | 188.32K | SH | $38.84M 4.19% | 188.32K | 0.00 | 0.00 |
CyberArk Software LtdSOLE | Equity | 86.65K | SH | $38.65M 4.17% | 86.65K | 0.00 | 0.00 |
Norfolk Southern CorpSOLE | Equity | 129.04K | SH | $37.26M 4.02% | 129.04K | 0.00 | 0.00 |
Electronic Arts IncSOLE | Equity | 180.84K | SH | $36.95M 3.98% | 180.84K | 0.00 | 0.00 |
Exact Sciences CorpSOLE | Equity | 350.01K | SH | $35.55M 3.83% | 350.01K | 0.00 | 0.00 |
Hologic IncSOLE | Equity | 467.74K | SH | $34.84M 3.76% | 467.74K | 0.00 | 0.00 |
Comerica IncSOLE | Equity | 398.04K | SH | $34.60M 3.73% | 398.04K | 0.00 | 0.00 |
TXNM Energy IncSOLE | Equity | 576.41K | SH | $33.94M 3.66% | 576.41K | 0.00 | 0.00 |
Cidara Therapeutics IncSOLE | Equity | 150.71K | SH | $33.29M 3.59% | 150.71K | 0.00 | 0.00 |
Warner Bros Discovery IncSOLE | Equity | 1.14M | SH | $32.84M 3.54% | 1.14M | 0.00 | 0.00 |
Janus Henderson Group PLCSOLE | Equity | 647.49K | SH | $30.80M 3.32% | 647.49K | 0.00 | 0.00 |
Avadel Pharmaceuticals PLCSOLE | Equity | 1.09M | SH | $23.43M 2.53% | 1.09M | 0.00 | 0.00 |
Sealed Air CorpSOLE | Equity | 559.24K | SH | $23.17M 2.50% | 559.24K | 0.00 | 0.00 |
TEGNA IncSOLE | Equity | 1.18M | SH | $22.90M 2.47% | 1.18M | 0.00 | 0.00 |
Aspen Insurance Holdings LtdSOLE | Equity | 572.68K | SH | $21.25M 2.29% | 572.68K | 0.00 | 0.00 |
Clearwater Analytics HoldingsSOLE | Equity | 875.63K | SH | $21.12M 2.28% | 875.63K | 0.00 | 0.00 |
Synovus Financial CorpSOLE | Equity | 403.65K | SH | $20.20M 2.18% | 403.65K | 0.00 | 0.00 |
Confluent IncSOLE | Equity | 640.11K | SH | $19.36M 2.09% | 640.11K | 0.00 | 0.00 |
Air Lease CorpSOLE | Equity | 298.44K | SH | $19.17M 2.07% | 298.44K | 0.00 | 0.00 |
State Street SPDR S&P 500 ETFSOLE | Equity Call | 25K | SH | $17.05M 1.84% | 25K | 0.00 | 0.00 |
Cidara Therapeutics IncSOLE | Equity Put | 76.90K | SH | $16.99M 1.83% | 76.90K | 0.00 | 0.00 |
DigitalBridge Group IncSOLE | Equity | 929K | SH | $14.25M 1.54% | 929K | 0.00 | 0.00 |
Teck Resources LtdSOLE | Equity Put | 292.10K | SH | $13.99M 1.51% | 292.10K | 0.00 | 0.00 |
Jamf Holding CorpSOLE | Equity | 985.07K | SH | $12.82M 1.38% | 985.07K | 0.00 | 0.00 |
Cadence BankSOLE | Equity | 297.60K | SH | $12.75M 1.37% | 297.60K | 0.00 | 0.00 |
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