# Portfolio overlap — AGEAX vs MERFX Comparing **Water Island Event-Driven Fund** (2026-02-28) and **The Merger Fund** (2026-03-31). - Shared positions: 22 - Water Island Event-Driven Fund covered by The Merger Fund: 0.2810910255205160380786694540 - The Merger Fund covered by Water Island Event-Driven Fund: 0.2810910255205160380786694540 ## 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 | | ## The Merger Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Goldman Sachs Trust - Goldman Sachs Financial Square Treasury Instruments Fund | 0.079662 | | | ENDEAVOR GROUP HOLDINGS INC | 0.059306 | ✓ | | ELECTRONIC ARTS INC | 0.055669 | ✓ | | WARNER BROS DISCOVERY INC | 0.053458 | ✓ | | NORFOLK SOUTHERN CORP | 0.051660 | ✓ | | WEBSTER FINL | 0.044305 | ✓ | | Virtus Westchester Event-Driven Fund | 0.042757 | | | CHART INDUSTRIES INC | 0.039325 | ✓ | | UNIFIRST CORP/MA | 0.022014 | | | CLEARWATER ANALYTICS HOLDINGS INC | 0.021079 | ✓ | | COTERRA ENERGY INC | 0.019243 | | | DIGITALBRIDGE GROUP INC | 0.016977 | ✓ | | SEALED AIR CORP | 0.014731 | ✓ | | ESCROW ALTEGRITY INC | 0.014387 | | | PROASSURANCE CORPORATION | 0.013309 | | | HOLOGIC INC | 0.011703 | ✓ | | MONEYMKT | 0.011468 | | | FYBR 6 01/15/30 144A | 0.009753 | | | MASIMO CORP | 0.008655 | ✓ | | Agriculture & Natural Solutions Acquisition Corp. | 0.008635 | | | PENUMBRA INC | 0.008500 | ✓ | | Haymaker Acquisition Corp. IV | 0.008428 | | | KENNEDY-WILSON INC SR UNSEC 5.0% 03-01-31 | 0.007807 | ✓ | | EchoStar Corp | 0.007721 | | | AIR LEASE CORP CL A | 0.007631 | ✓ | | DRUGS MADE IN AMERICA ACQUISITION CORP | 0.007061 | | | QORVO INC | 0.006978 | | | FYBR 5.875 11/01/29 | 0.006941 | | | K&F Growth Acquisition Corp. II | 0.006047 | | | SIZZLE ACQUISITION CORP II | 0.005818 | | | EXAS 2 03/01/30 | 0.005720 | | | ONESTREAM INC | 0.005487 | | | KENNEDY-WILSON INC SR UNSEC 4.75% 02-01-30 | 0.005293 | | | DISH Network Corp | 0.005194 | | | TITAN ACQUISITION CORP | 0.005184 | | | KOCHAV DEFENSE ACQUISITION CORP | 0.004989 | | | Soulpower Acquisition Corp | 0.004839 | | | ALDEL FINANCIAL II INC | 0.004806 | | | GLOBA TERRA ACQUISITION CORP | 0.004758 | | | Jackson Acquisition Co II | 0.004732 | | | OYSTER ENTERPRISES II ACQUISITION CORP | 0.004697 | | | GigCapital8 Corp. | 0.004514 | | | SIDDHI ACQUISITION CORP | 0.004488 | | | Andretti Acquisition Corp. II | 0.004447 | | | PIONEER ACQUISITION I CORP | 0.004171 | | | JANUS HENDERSON GROUP PLC | 0.004078 | ✓ | | ARTIUS II ACQUISITION INC-A | 0.004029 | | | NEW PROVIDENCE ACQUISITION CORP III | 0.003962 | | | LAUNCH TWO ACQUISITION CORP | 0.003899 | | | Voyager Acquisition Corp. | 0.003881 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-040979` (as of 2026-02-28) - N-PORT (fund B) — accession `0000940400-26-022201` (as of 2026-03-31) --- _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 _