# Water Island Event-Driven Fund

Water Island Event-Driven Fund is a registered fund series of ARBITRAGE FUNDS (series S000030113). Net assets $50.1M as of 2026-05-31.

## Profile

- Series ID: S000030113
- Registrant: ARBITRAGE FUNDS
- LEI: 71ZPS0ACY0O0VMTK8636
- Net assets: $50.1M
- Total assets: $60.6M
- As of: 2026-05-31

## Advisers

- [Water Island Capital, LLC (Advisor)](https://search.stillhousedata.com/firm/113358)

## Top holdings (182 reported)

_Showing 15 of 182 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| MORGAN STANLEY PRIME BROKER US | — | $7.8M | 1566.98% |
| Janus Henderson Group PLC | — | $2.4M | 470.80% |
| [Electronic Arts Inc](https://search.stillhousedata.com/security/285512109) | — | $2.3M | 461.30% |
| [Endeavor Group Holdings Inc](https://search.stillhousedata.com/security/29260Y109) | — | $2.0M | 406.61% |
| [Warner Bros Discovery Inc](https://search.stillhousedata.com/security/934423104) | — | $2.0M | 399.30% |
| [Chart Industries Inc](https://search.stillhousedata.com/security/16115Q308) | — | $2.0M | 398.76% |
| [Penumbra Inc](https://search.stillhousedata.com/security/70975L107) | — | $1.9M | 384.90% |
| [ECHOSTAR CORP](https://search.stillhousedata.com/security/278768AA4) | — | $1.9M | 379.42% |
| [Caesars Entertainment Inc](https://search.stillhousedata.com/security/12769G100) | — | $1.9M | 373.12% |
| [LiveRamp Holdings Inc](https://search.stillhousedata.com/security/53815P108) | — | $1.7M | 347.06% |
| [DigitalBridge Group Inc](https://search.stillhousedata.com/security/25401T603) | — | $1.6M | 321.78% |
| [TXNM Energy Inc](https://search.stillhousedata.com/security/69349H107) | — | $1.5M | 297.25% |
| [National Storage Affiliates Trust](https://search.stillhousedata.com/security/637870106) | — | $1.5M | 296.69% |
| [Norfolk Southern Corp](https://search.stillhousedata.com/security/655844108) | — | $1.4M | 285.88% |
| [Masimo Corp](https://search.stillhousedata.com/security/574795100) | — | $1.4M | 279.11% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-05-31 | $50.1M |
| 2026-02-28 | $50.1M |
| 2025-11-30 | $56.7M |
| 2025-08-31 | $59.9M |
| 2025-05-31 | $58.3M |
| 2025-02-28 | $69.6M |
| 2024-11-30 | $68.3M |
| 2024-08-31 | $70.7M |

## More

- [Registrant: ARBITRAGE FUNDS](https://search.stillhousedata.com/registrant/1105076)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000030113.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

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Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.