# Portfolio overlap — ARBCX vs HMEAX Comparing **THE ARBITRAGE FUND** (2026-02-28) and **Nexpoint Merger Arbitrage Fund** (2026-03-31). - Shared positions: 14 - THE ARBITRAGE FUND covered by Nexpoint Merger Arbitrage Fund: 0.2178311862631805432076642236 - Nexpoint Merger Arbitrage Fund covered by THE ARBITRAGE FUND: 0.2178311862631805432076642237 ## THE ARBITRAGE FUND — top positions | Security | Weight | Shared | |----------|--------|--------| | MSILF-GOVT-INS | 0.080227 | | | State Street Navigator Securities Lending Portfolio II | 0.080227 | | | JANUS HENDERSON GROUP PLC | 0.045232 | | | ELECTRONIC ARTS INC | 0.039352 | ✓ | | ENDEAVOR GROUP HOLDINGS INC | 0.039228 | | | NORFOLK SOUTHERN CORP | 0.038520 | | | WARNER BROS DISCOVERY INC | 0.038224 | ✓ | | TXNM ENERGY INC | 0.037597 | ✓ | | CHART INDUSTRIES INC | 0.036969 | ✓ | | HOLOGIC INC | 0.036055 | ✓ | | PENUMBRA INC | 0.034971 | | | EXACT SCIENCES CORP | 0.033448 | | | Water Island Event Driven Fund | 0.032709 | | | TEGNA INC | 0.030078 | | | CONFLUENT INC-A | 0.027181 | | | MORGAN STANLEY PRIME BROKER US | 0.023337 | | | MASIMO CORP | 0.022014 | ✓ | | SCHRODERS PLC | 0.021885 | | | TRI POINTE HOMES INC | 0.021871 | | | FYBR 8.75 05/15/30 144A | 0.020169 | | | GREAT LAKES DREDGE and DOCK CORP | 0.019449 | | | ARCELLX INC | 0.017110 | ✓ | | WEBSTER FINL | 0.017009 | | | DIGITALBRIDGE GROUP INC | 0.016699 | | | SEALED AIR CORP | 0.016050 | ✓ | | JDE PEET'S NV | 0.013730 | | | STELLAR BANCORP INC | 0.013516 | | | KENVUE INC | 0.013141 | | | AMICUS THERAPEUTICS INC | 0.013064 | ✓ | | PEAKSTONE REALTY | 0.012134 | | | ENHABIT INC | 0.009788 | | | VERIS RESIDENTIAL INC | 0.009764 | ✓ | | KENNEDY-WILSON HOLDINGS INC | 0.009733 | ✓ | | VENTYX BIOSCIENCES INC | 0.009728 | | | ZIM INTEGRATED SHIPPING SERVICES LTD | 0.009725 | | | SILICON LABS | 0.009685 | | | GTLS 7.5 01/01/30 144A | 0.009518 | | | AXALTA COATING SYSTEMS LTD | 0.007921 | | | RAPT THERAPEUTICS INC | 0.007071 | | | SKECHERS USA INC CL A | 0.005158 | | | CLEARWATER ANALYTICS HOLDINGS INC | 0.004921 | ✓ | | ALEXANDER & BALD | 0.004502 | | | RESOLUTE FST CVR | 0.001448 | | | Bristol-Myers Squibb Company | 0.001168 | | | CONTRA ALBIREO PHARMA | 0.001083 | | | PFIZER INC CVR | 0.001004 | | | FLEXION THERAPEUTICS INC - CVR CONTINGENT VALUE RIGHT | 0.000995 | | | CONTRA CONCRT PHRMC | 0.000993 | | | Regulus Therapeutics, Inc., CVR | 0.000749 | | | AVADEL PHARMACEUTICALS PLC | 0.000745 | | ## Nexpoint Merger Arbitrage Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | Short-Term Investment | 0.219702 | | | HOLOGIC INC | 0.079710 | ✓ | | CLEARWATER ANALYTICS HOLDINGS INC | 0.068322 | ✓ | | SEALED AIR CORP | 0.060022 | ✓ | | ONESTREAM INC | 0.058177 | | | AIR LEASE CORP CL A | 0.052006 | | | CSG SYSTEMS INTL INC | 0.048538 | | | ELECTRONIC ARTS INC | 0.040647 | ✓ | | SEMRUSH HOLDINGS INC | 0.039475 | | | MASIMO CORP | 0.038425 | ✓ | | ARCELLX INC | 0.030141 | ✓ | | CHART INDUSTRIES INC | 0.026531 | ✓ | | TERNS PHARMACEUTICALS INC | 0.025052 | | | BRIGHTHOUSE FINANCIAL INC | 0.023845 | | | PROASSURANCE CORPORATION | 0.022166 | | | TXNM ENERGY INC | 0.021239 | ✓ | | AMICUS THERAPEUTICS INC | 0.019382 | ✓ | | WARNER BROS DISCOVERY INC | 0.014955 | ✓ | | CLEAR CHANNEL OUTDOOR HOLDINGS INC | 0.014602 | | | SELECT MEDICAL HLDGS CORP | 0.014581 | | | EchoStar Corp | 0.012362 | | | COTERRA ENERGY INC | 0.011856 | | | TALKSPACE INC CL A | 0.010060 | | | TWO HBRS INVT CORP | 0.008053 | | | GETTY IMAGES INC SR SECURED 144A 11/30 10.5 | 0.007497 | | | SEE 7.25 02/15/31 144A | 0.006095 | | | VERIS RESIDENTIAL INC | 0.005594 | ✓ | | INTERRENT REAL E | 0.005415 | | | Olaplex 2/22 TL 2/17/2029 | 0.003715 | | | SEE 6.5 07/15/32 144A | 0.003050 | | | ZSCALER INC CFD | 0.001719 | | | WALGREENS BOOTS ALLIANCE INC | 0.001507 | | | ATRIUM THERAPEUTICS INC | 0.001312 | ✓ | | Lightwave Acquisition Corp. | 0.000738 | | | WBD US 11/21/25 P18 LONG | 0.000654 | | | KENNEDY-WILSON HOLDINGS INC | 0.000585 | ✓ | | WALMART INC | 0.000367 | | | DAIWA CAPITAL MARKETS AMERICA INC. SLRPD 3.820% 01/02/2026 | 0.000367 | | | USD/TWD FWD 20251202 ROYCGB2L | 0.000345 | | | CANTOR FITZGERALD SECURITIES SLRPD 3.850% 01/02/2026 | 0.000345 | | | BLUEPRINT MEDICINES CORP | 0.000143 | | | SAPIENCE WARRANTS 08/23/2027 | 0.000127 | ✓ | | US 2YR NOTE (CBT) MAR26 FINANCIAL COMMODITY FUTURE. | 0.000101 | | | US ULTRA BOND CBT Sep25 | 0.000101 | | | NATIONAL STORAGE AFFILIATES TRUST | 0.000101 | | | DBRG US 04/17/26 C16 LONG | 0.000071 | | | TD TRIPARTY MORTGAGE | 0.000071 | | | INTEGRATED RAIL AND RESOURCES ACQUISITION CORP WT EXPIRATION: 11/12/26 | 0.000062 | | | Treasury Repurchase Agreement | 0.000041 | | | EQV Ventures Acquisition Corp Warrant | 0.000011 | | ## Sources - N-PORT (fund A) — accession `0001410368-26-040981` (as of 2026-02-28) - N-PORT (fund B) — accession `0002048251-26-004762` (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 _