# Portfolio overlap — AGEAX vs ARCFX Comparing **Water Island Event-Driven Fund** (2026-02-28) and **WATER ISLAND CREDIT OPPORTUNITIES FUND** (2026-02-28). - Shared positions: 13 - Water Island Event-Driven Fund covered by WATER ISLAND CREDIT OPPORTUNITIES FUND: 0.2037890845390171145198757546 - WATER ISLAND CREDIT OPPORTUNITIES FUND covered by Water Island Event-Driven Fund: 0.2037890845390171145198757547 ## Water Island Event-Driven Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | FYBR 8.75 05/15/30 144A | 0.056161 | ✓ | | JANUS HENDERSON GROUP PLC | 0.047714 | | | ELECTRONIC ARTS INC | 0.043494 | | | HOLOGIC INC | 0.042316 | | | EXACT SCIENCES CORP | 0.041204 | | | ENDEAVOR GROUP HOLDINGS INC | 0.040026 | | | WARNER BROS DISCOVERY INC | 0.038804 | | | SATS 6.75 11/30/30 | 0.037840 | ✓ | | PENUMBRA INC | 0.033124 | | | CHART INDUSTRIES INC | 0.030028 | | | NORFOLK SOUTHERN CORP | 0.029678 | | | CONFLUENT INC-A | 0.027763 | | | TXNM ENERGY INC | 0.026435 | | | TEGNA INC | 0.025458 | | | MASIMO CORP | 0.025094 | | | DIGITALBRIDGE GROUP INC | 0.020456 | | | GREAT LAKES DREDGE and DOCK CORP | 0.020116 | | | TRI POINTE HOMES INC | 0.020028 | | | AIR LEASE CORP CL A | 0.017700 | | | SCHRODERS PLC | 0.017616 | | | ARCELLX INC | 0.017546 | | | BLCOCN 8 3/8 10/01/28 | 0.016445 | ✓ | | SEALED AIR CORP | 0.016270 | | | Calpine Corp. | 0.015944 | ✓ | | KENNEDY-WILSON INC SR UNSEC 5.0% 03-01-31 | 0.015656 | ✓ | | KENVUE INC | 0.015398 | | | AMICUS THERAPEUTICS INC | 0.013794 | | | MORGAN STANLEY PRIME BROKER US | 0.013294 | ✓ | | ENHABIT INC | 0.013146 | | | RPD 1.25 03/15/29 | 0.013133 | ✓ | | SKECHERS USA INC CL A | 0.012908 | | | TGNA 5 09/15/29 | 0.012664 | ✓ | | CINEPLEX INC COMMON STOCK | 0.012524 | | | MSILF-GOVT-INS | 0.011038 | ✓ | | State Street Navigator Securities Lending Portfolio II | 0.011038 | ✓ | | JDE PEET'S NV | 0.010902 | | | GTLS 7.5 01/01/30 144A | 0.010142 | ✓ | | ZIM INTEGRATED SHIPPING SERVICES LTD | 0.010086 | | | VERIS RESIDENTIAL INC | 0.010069 | | | WEBSTER FINL | 0.010040 | | | SILICON LABS | 0.009885 | | | Gladstone Capital Corp | 0.009796 | ✓ | | Bayer Aktiengesellschaft | 0.009473 | | | CAESARS ENTERTAINMENT INC | 0.006240 | | | CLEARWATER ANALYTICS HOLDINGS INC | 0.006203 | | | PENN ENTERTAINMENT INC | 0.006042 | | | ECHOSTAR CORP CL A | 0.005802 | | | EMRLD Borrower LP Term Loan B | 0.005731 | ✓ | | VIKING THERAPEUTICS INC | 0.005479 | | | PACIFIC BIOSCIENES OF CALI INC | 0.005231 | | ## WATER ISLAND CREDIT OPPORTUNITIES FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | MORGAN STANLEY PRIME BROKER US | 0.071180 | ✓ | | Hologic, Inc. | 0.045957 | | | FYBR 8.75 05/15/30 144A | 0.040690 | ✓ | | GTLS 7.5 01/01/30 144A | 0.039384 | ✓ | | Exact Sciences Corporation | 0.038380 | | | SEE 6.125 02/01/28 144A | 0.037471 | | | CSG SYSTEMS INTL INC CONV 3.875% 09/15/2028 | 0.037404 | | | State Street Navigator Securities Lending Portfolio II | 0.036694 | ✓ | | MSILF-GOVT-INS | 0.036694 | ✓ | | SATS 6.75 11/30/30 | 0.031771 | ✓ | | LYV 6.5 05/15/27 144A | 0.030944 | | | CONFLUENT INC ZERO COUPON 01/15/2027 | 0.030120 | | | KENNEDY-WILSON INC SR UNSEC 5.0% 03-01-31 | 0.029610 | ✓ | | BSY 0.375 07/01/27 | 0.029381 | | | NUTANIX INC SR UNSECURED 12/29 0.5 | 0.028319 | | | ORGANON / ORGANON 4.125% | 0.027264 | | | REDFIN CORP SR UNSECURED 04/27 0.5 | 0.026471 | | | TXNM ENERGY INC JR SUBORDINA 06/54 5.75 | 0.024836 | | | ZSCALER INC SR UNSECURED 144A 07/28 0.0000 | 0.022569 | | | WESCO Distribution Inc | 0.021716 | | | TGNA 5 09/15/29 | 0.021372 | ✓ | | BLCOCN 8 3/8 10/01/28 | 0.021038 | ✓ | | CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.50000000 | 0.020484 | | | Calpine Corp. | 0.020338 | ✓ | | HALOZYME THERAPEUTICS INC CONV 0.25% 03/01/2027 | 0.019830 | | | Dynavax Technologies Corp. | 0.019329 | | | BlackLine, Inc. | 0.018859 | | | TYLER TECHNOLOGIES INC SR UNSECURED 03/26 0.25 | 0.018442 | | | EMRLD Borrower LP Term Loan B | 0.016677 | ✓ | | VRNS 1 09/15/29 | 0.016566 | | | Itron, Inc. | 0.015268 | | | Rapid7, Inc. | 0.014475 | | | US STEEL CORP | 0.014142 | | | Rand Parent LLC, Term Loan B | 0.012310 | | | SURGERY CENTER HOLDINGS REGD 144A P/P 7.25000000 | 0.012304 | | | GTLS 9.5 01/01/31 144A | 0.011455 | | | RPD 1.25 03/15/29 | 0.011142 | ✓ | | Gladstone Capital Corp | 0.008236 | ✓ | | KENNEDY-WILSON INC SR UNSEC 4.75% 02-01-30 | 0.007289 | | | SWAP MORGAN STANLEY COC | 0.007268 | | | CLEAR CHANNEL OUTDOOR HO REGD 144A P/P 7.75000000 | 0.006208 | | | PUT SPDR S&P 500 ETF 01/16/2026 P643 | 0.000112 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-040979` (as of 2026-02-28) - N-PORT (fund B) — accession `0001410368-26-040980` (as of 2026-02-28) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _