NPORT-P false 0001105076 XXXXXXXX S000006440 C000127228 C000017638 C000115401 C000017637 ARBITRAGE FUNDS 811-09815 0001105076 549300NPBJYDNFZ58M30 C/O WATER ISLAND CAPITAL, LLC 104 FIFTH AVENUE, 9TH FLOOR NEW YORK 10011 800-560-8210 THE ARBITRAGE FUND S000006440 5ID2Z4T6QF54X8TFRS62 2026-05-31 2026-02-28 N 839154336.68 28303630.31 810850706.37 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 655198.71000000 N Securities Portfolio VaR Designated Reference Portfolio is the Fund`s Securities Portfolio SEK CASH COLLATERAL N/A 000000000 -1.26000000 NS -0.14000000 -0.00000001726 Short STIV CORP SE N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1000.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Exact Sciences Corp. Exact Sciences Corp. 100.00000000 75.00000000 USD 2026-04-17 XXXX -26673.60000000 N N N Warner Bros Discovery Inc 5493006ZCRFWKF6B1K26 934423104 1120451.00000000 NS USD 31563104.67000000 3.892591376198 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 22689036.94000000 OU Notional Amount USD -4089576.88000000 -0.50435633192 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Union Pacific Corp. Union Pacific Corp. Y equity-performance leg 2026-11-03 0.00000000 USD 0.00000000 USD 22689036.94000000 USD -4089576.88000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1543.00000000 NC USD 7715.00000000 0.000951469850 N/A DE JE N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Janus Henderson Group PLC Janus Henderson Group PLC 100.00000000 45.00000000 USD 2026-06-18 XXXX -33296.22000000 N N N Enhabit Inc 549300RFQ78SLDFSHF49 29332G102 593854.00000000 NS USD 8082352.94000000 0.996774483453 Long EC CORP US N 1 N N N Endeavor Group Holdings Inc N/A 29260Y109 1081507.00000000 NS USD 32392215.08000000 3.994843295507 Long EC CORP US N 3 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 566.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Ventyx Biosciences, Inc. Ventyx Biosciences, Inc. 100.00000000 10.00000000 USD 2026-03-20 XXXX -3777.34000000 N N N Exact Sciences Corp 549300VM3X1FYD4N9Z14 30063P105 267160.00000000 NS USD 27619000.80000000 3.406175832742 Long EC CORP US N 1 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 4742.00000000 NC USD 47420.00000000 0.005848178909 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Kenvue, Inc. Kenvue, Inc. 100.00000000 16.00000000 USD 2026-05-15 XXXX -198795.66000000 N N N CONTRA BLUEPRINT MEDIC 5299004CC60O9T5HVM83 096CVR048 56349.00000000 NS USD 27441.96000000 0.003384341875 N/A DE US Y 3 N/A N/A Blueprint Medicines Corp. Blueprint Medicines Corp. 2099-12-31 XXXX 1521.42000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 511.00000000 NC USD 12775.00000000 0.001575505811 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Clearwater Analytics Holdings, Inc. Clearwater Analytics Holdings, Inc. 100.00000000 22.50000000 USD 2026-06-18 XXXX 1704.39000000 N N N CONTRA FLEXION THERAPE N/A 339CVR011 1411000.00000000 NS USD 821625.30000000 0.101328801164 N/A DE US Y 3 N/A N/A Flexion Therapeutics, Inc. Flexion Therapeutics, Inc. 2099-12-31 XXXX -53194.70000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 2001.00000000 NC USD 90045.00000000 0.011105003583 N/A DE ES N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Call Purchased Banco Santander SA Banco Santander SA 100.00000000 14.00000000 USD 2026-06-18 XXXX 6779.42000000 N N N CONTRA AKERO THERAPEUT 549300SI3KG74LBE2955 009CVR044 197023.00000000 NS USD 130724.76000000 0.016121927128 N/A DE US Y 3 N/A N/A Akero Therapeutics, Inc. Akero Therapeutics, Inc. 2099-12-31 XXXX 2659.81000000 N N N State Street Global Advisors 549300BZ5TGIFZUZDZ37 857492706 66246229.44000000 NS USD 66246229.44000000 8.169966298305 Long STIV RF US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 482.00000000 NC USD 236180.00000000 0.029127433465 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Electronic Arts, Inc. Electronic Arts, Inc. 100.00000000 200.00000000 USD 2026-06-18 XXXX 6851.68000000 N N N ZIM Integrated Shipping Services Ltd 21380089EIJRELKAIL21 000000000 275100.00000000 NS USD 7931133.00000000 0.978124941828 Long EC CORP IL N 1 N N N Boston Scientific Corp Y6ZDD9FP4P8JSSJMW954 101137107 -86743.00000000 NS USD -6666199.55000000 -0.82212415893 Short EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 8310.00000000 NC USD 58170.00000000 0.007173947009 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Warner Bros Discovery, Inc. Warner Bros Discovery, Inc. 100.00000000 27.00000000 USD 2026-03-20 XXXX -644885.67000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -125623.03000000 -0.01549274472 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 7442600.00000000 GBP 9904593.47000000 USD 2026-03-16 -125623.03000000 N N N Axalta Coating Systems Ltd 529900AGLPA40GV6H619 000000000 195000.00000000 NS USD 6514950.00000000 0.803470965594 Long EC CORP BM N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 101.00000000 NC USD 11615.00000000 0.001432446183 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Electronic Arts, Inc. Electronic Arts, Inc. 100.00000000 195.00000000 USD 2026-03-20 XXXX -2654.05000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1376.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Confluent, Inc. Confluent, Inc. 100.00000000 30.00000000 USD 2026-03-20 XXXX -26612.66000000 N N N Tri Pointe Homes Inc N/A 87265H109 390051.00000000 NS USD 18059361.30000000 2.227211638113 Long EC CORP US N 1 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 2751.00000000 NC USD 99036.00000000 0.012213839023 N/A DE IL N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased ZIM Integrated Shipping Services Ltd. ZIM Integrated Shipping Services Ltd. 100.00000000 25.00000000 USD 2026-04-17 XXXX -148316.73000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 391.00000000 NC USD 74290.00000000 0.009161982522 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Silicon Laboratories, Inc. Silicon Laboratories, Inc. 100.00000000 200.00000000 USD 2026-04-17 XXXX -33496.33000000 N N N MS PRIME BROKER ZAR N/A 000000000 10.00000000 NS 0.63000000 0.000000077696 Long STIV CORP ZA N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 500.00000000 NC USD 3500.00000000 0.000431645427 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Call Purchased Kenvue, Inc. Kenvue, Inc. 100.00000000 20.00000000 USD 2026-03-20 XXXX -20712.05000000 N N N Kennedy-Wilson Holdings Inc 549300MOI1T78144X610 489398107 738700.00000000 NS USD 8037056.00000000 0.991188135727 Long EC CORP US N 1 N N N CONTRA ABIOMED INC N/A 003CVR016 163650.00000000 NS USD 261840.00000000 0.032292011086 N/A DE US Y 3 N/A N/A ABIOMED Inc. ABIOMED Inc. 2099-12-31 XXXX 94917.00000000 N N N FRONTIER COMMUNICATIONS 549300ZCZ76HYCS0H445 35908MAD2 16155000.00000000 PA USD 16653882.56000000 2.053877788989 Long DBT CORP US N 2 2030-05-15 Fixed 8.75000000 N N N N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 95412.00000000 0.011766901015 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 6951500.00000000 GBP 9463784.61000000 USD 2026-03-16 95412.00000000 N N N Norfolk Southern Corp 54930036C8MWP850MI84 655844108 101059.00000000 NS USD 31807309.66000000 3.922708509732 Long EC CORP US N 1 N N N Sealed Air Corp Q0M0CZB4YN6JZ65WXI09 81211K100 316447.00000000 NS USD 13252800.36000000 1.634431622971 Long EC CORP US N 1 N N N Penumbra Inc 549300RGE06P3ECANU72 70975L107 83848.00000000 NS USD 28876412.72000000 3.561249005908 Long EC CORP US N 1 N N N CONTRA ALBIREO PHARMA 549300835H8LC7O8VC29 013CVR022 313065.00000000 NS USD 894458.01000000 0.110311060096 N/A DE US Y 3 N/A N/A Albireo Pharma, Inc. Albireo Pharma, Inc. 2099-12-31 XXXX 221368.26000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 2359.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Ventyx Biosciences, Inc. Ventyx Biosciences, Inc. 100.00000000 12.50000000 USD 2026-03-20 XXXX -15743.38000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 321.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased RAPT Therapeutics, Inc. RAPT Therapeutics, Inc. 100.00000000 50.00000000 USD 2026-03-20 XXXX -3611.37000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 933.00000000 NC USD 16794.00000000 0.002071158089 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Kenvue, Inc. Kenvue, Inc. 100.00000000 17.00000000 USD 2026-05-15 XXXX -35198.81000000 N N N CONTRA AVADEL PHARMACE 549300E27PTSG2RHC762 000000000 957437.00000000 NS USD 615249.02000000 0.075876978976 N/A DE IE Y 3 N/A N/A Avadel Pharmaceuticals PLC Avadel Pharmaceuticals PLC 2099-12-31 XXXX 2489.34000000 N N N CONTRA WALGREENS BOOTS 549300RPTUOIXG4LIH86 931CVR013 205000.00000000 NS USD 113898.00000000 0.014046728837 N/A DE US Y 3 N/A N/A Walgreens Boots Alliance, Inc. Walgreens Boots Alliance, Inc. 2099-12-31 XXXX 5248.00000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1476.00000000 NC USD 29520.00000000 0.003640620864 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Clearwater Analytics Holdings, Inc. Clearwater Analytics Holdings, Inc. 100.00000000 20.00000000 USD 2026-03-20 XXXX -30002.56000000 N N N JDE Peet's NV 724500EHG519SE5ZRT89 000000000 302682.00000000 NS 11337476.10000000 1.398219920255 Long EC CORP NL N 1 N N N ESC PIVOTAL SOFTWARE I N/A 725ESC016 319502.00000000 NS USD 0.00000000 0.000000 Long EC CORP US N 3 N N N Peakstone Realty Trust 549300EZQXWQI2YL1T80 39818P799 480300.00000000 NS USD 10019058.00000000 1.235623021758 Long EC US N 1 N N N Water Island Event Driven Fund 71ZPS0ACY0O0VMTK8636 03875R403 2088886.51000000 NS USD 27009302.55000000 3.330983415049 Long EC RF US N 1 N N N Skechers USA Inc 529900D2R54KZPA4XR56 830566105 259875.00000000 NS USD 4259351.25000000 0.525294140652 Long EC CORP US N 3 N N N Janus Henderson Group PLC 2138009WPYMWJN3RVF44 000000000 716731.00000000 NS USD 37341685.10000000 4.605247896640 Long EC CORP JE N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 10983.91000000 0.001354615580 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 10019232.59000000 USD 7442600.00000000 GBP 2026-03-16 10983.91000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 2002.00000000 NC USD 142142.00000000 0.017529984112 N/A DE ES N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Call Purchased Banco Santander SA Banco Santander SA 100.00000000 13.00000000 USD 2026-06-18 XXXX -4070.67000000 N N N Alexander & Baldwin Inc N/A 014491104 178805.00000000 NS USD 3717355.95000000 0.458451342620 Long EC US N 1 N N N Schroders PLC 2138001YYBULX5SZ2H24 000000000 2288313.00000000 NS 18071342.18000000 2.228689207277 Long EC CORP GB N 1 N N N Banco Santander SA 5493006QMFDDMYWIAM13 05964H105 -400102.00000000 NS USD -4945260.72000000 -0.60988547967 Short EC CORP ES N 1 N N N TXNM Energy Inc 5493003JOBJGLZSDDQ28 69349H107 526006.00000000 NS USD 31044874.12000000 3.828679419788 Long EC CORP US N 1 N N N Kenvue Inc 5493008HSF8L4M2LIJ82 49177J102 567511.00000000 NS USD 10850810.32000000 1.338200760603 Long EC CORP US N 1 N N N CONTRA METSERA INC N/A 592CVR013 164636.00000000 NS USD 829008.11000000 0.102239302930 N/A DE US Y 3 N/A N/A Metsera, Inc. Metsera, Inc. 2099-12-31 XXXX 22291.71000000 N N N CONTRA CONCERT PHARMAC 529900PYI5BSGQNATP82 206CVR011 1669338.00000000 NS USD 820145.76000000 0.101146333542 N/A DE US Y 3 N/A N/A Concert Pharmaceuticals, Inc. Concert Pharmaceuticals, Inc. 2099-12-31 XXXX 202490.70000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 1484.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Hologic, Inc. Hologic, Inc. 100.00000000 72.50000000 USD 2026-03-20 XXXX -54387.97000000 N N N CONTRA REGULUS THERAPE N/A 759CVR012 500000.00000000 NS USD 618400.00000000 0.076265580721 N/A DE US Y 3 N/A N/A Regulus Therapeutics, Inc. Regulus Therapeutics, Inc. 2099-12-31 XXXX 38400.00000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 650.00000000 NC USD 3250.00000000 0.000400813611 N/A DE BM N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Axalta Coating Systems Ltd. Axalta Coating Systems Ltd. 100.00000000 28.00000000 USD 2026-04-17 XXXX -53081.06000000 N N N Stellar Bancorp Inc 54930070P8Z0WHFBB536 858927106 296357.00000000 NS USD 11160804.62000000 1.376431509810 Long EC CORP US N 1 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 17.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased RAPT Therapeutics, Inc. RAPT Therapeutics, Inc. 100.00000000 45.00000000 USD 2026-03-20 XXXX -193.45000000 N N N Bristol-Myers Squibb Co HLYYNH7UQUORYSJQCN42 110122157 857631.00000000 NS USD 964834.88000000 0.118990446998 N/A DE US Y 3 N/A N/A Bristol-Myers Squibb Co Bristol-Myers Squibb Co 2021-03-31 XXXX -220951.69000000 N N N Arcellx Inc N/A 03940C100 124165.00000000 NS USD 14128735.35000000 1.742458289671 Long EC CORP US N 1 N N N RAPT Therapeutics Inc 549300MB473BIU78ES48 75382E208 100700.00000000 NS USD 5838586.00000000 0.720056843279 Long EC CORP US N 1 N N N Palo Alto Networks Inc 549300QXR2YVZV231H43 697435105 0.87000000 NS USD 129.86000000 0.000016015278 Long EC CORP US N 1 N N N CONTRA ICOSAVAX INC N/A 451CVR021 802494.00000000 NS USD 301497.00000000 0.037182800438 N/A DE US Y 3 N/A N/A Icosavax, Inc. Icosavax, Inc. 2099-12-31 XXXX 52723.86000000 N N N Ventyx Biosciences Inc N/A 92332V107 575000.00000000 NS USD 8032750.00000000 0.990657088523 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 500.00000000 NC USD 2500.00000000 0.000308318162 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Compass, Inc. Compass, Inc. 100.00000000 12.00000000 USD 2026-03-20 XXXX -39819.35000000 N N N Clearwater Analytics Holdings Inc N/A 185123106 173724.00000000 NS USD 4063404.36000000 0.501128546608 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -140769.91000000 -0.01736076800 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 9731200.00000000 EUR 11364830.07000000 USD 2026-03-16 -140769.91000000 N N N CONTRA TREEHOUSE FOODS 5493007M7EVHE470Q576 894CVR018 80813.00000000 NS USD 156631.76000000 0.019316966584 N/A DE US Y 3 N/A N/A TreeHouse Foods, Inc. TreeHouse Foods, Inc. 2099-12-31 XXXX 662.67000000 N N N Prosperity Bancshares Inc N/A 743606105 -112705.00000000 NS USD -7931050.85000000 -0.97811481049 Short EC CORP US N 1 N N N Webster Financial Corp KMRURHT0VWKYS6Z5KU67 947890109 194716.00000000 NS USD 14044865.08000000 1.732114798650 Long EC CORP US N 1 N N N Masimo Corp 549300Q4A8JK0PIYCU29 574795100 103665.00000000 NS USD 18177657.75000000 2.241800815760 Long EC CORP US N 1 N N N Silicon Laboratories Inc 4PRDF8Q9TDHRVZKZSZ47 826919102 39100.00000000 NS USD 7997123.00000000 0.986263308051 Long EC CORP US N 1 N N N Electronic Arts Inc 549300O7A67PUEYKDL45 285512109 162010.00000000 NS USD 32494345.70000000 4.007438785552 Long EC CORP US N 1 N N N JPY CSSH AT MORGAN STANLEY N/A 000000000 -16.88000000 NS -0.11000000 -0.00000001356 Short CORP JP N 1 N N N Morgan Stanley & Co. LLC 549300BI6Y5SI6BYPB26 61747C707 66246229.51000000 NS USD 66246229.51000000 8.169966306938 Long STIV RF US N 1 N N N MORGAN STANLEY PRIME BROKER N/A 000000000 -6.74000000 NS -0.71000000 -0.00000008756 Short STIV CORP NO N 1 N N N TEGNA Inc 549300YC5EDBGX85AO10 87901J105 1185517.00000000 NS USD 24836581.15000000 3.063027627020 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 650.00000000 NC USD 6500.00000000 0.000801627222 N/A DE BM N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Axalta Coating Systems Ltd. Axalta Coating Systems Ltd. 100.00000000 30.00000000 USD 2026-04-17 XXXX -79043.34000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 650.00000000 NC USD 16250.00000000 0.002004068057 N/A DE BM N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Axalta Coating Systems Ltd. Axalta Coating Systems Ltd. 100.00000000 29.00000000 USD 2026-04-17 XXXX -56325.92000000 N N N Great Lakes Dredge & Dock Corp 549300H65E3MZ1CX0P05 390607109 947458.00000000 NS USD 16059413.10000000 1.980563496317 Long EC CORP US N 1 N N N Veris Residential Inc 254900KTVBRYJCQU2J23 554489104 427715.00000000 NS USD 8062427.75000000 0.994317164264 Long EC US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -5162.75000000 -0.00063670783 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 1805400.00000000 GBP 2427932.25000000 USD 2026-03-16 -5162.75000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 4803.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Peakstone Realty Trust Peakstone Realty Trust 100.00000000 20.00000000 USD 2026-03-20 XXXX -56203.51000000 N N N Amicus Therapeutics Inc 549300MRD1SMUTNBPQ53 03152W109 750710.00000000 NS USD 10787702.70000000 1.330417870423 Long EC CORP US N 1 N N N Chart Industries Inc EM7QGKC1GYOF3LSZSL80 16115Q308 147257.00000000 NS USD 30526376.10000000 3.764734477035 Long EC CORP US N 1 N N N CONTRA RESOLUTE FOREST N/A 761CVR042 803806.00000000 NS USD 1195500.66000000 0.147437826792 N/A DE US Y 3 N/A N/A Resolute Forest Products, Inc. Resolute Forest Products, Inc. 2099-12-31 XXXX 54096.14000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 88447.69000000 0.010908011709 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 5247600.00000000 GBP 7160514.45000000 USD 2026-03-16 88447.69000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 -5675.00000000 NC USD -482375.00000000 -0.05948998949 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Call Written Kenvue, Inc. Kenvue, Inc. 100.00000000 19.00000000 USD 2026-05-15 XXXX -214512.20000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 500.00000000 NC USD 20000.00000000 0.002466545301 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Call Purchased Kenvue, Inc. Kenvue, Inc. 100.00000000 19.00000000 USD 2026-03-20 XXXX -13482.05000000 N N N MORGAN STANLEY PRIME BROKER US N/A 000000000 19270324.33000000 NS USD 19270324.33000000 2.376556396709 Long CORP US N 1 N N N Atrium Therapeutics Inc N/A 04965N104 13073.00000000 NS USD 192826.75000000 0.023780795710 Long EC CORP US N 1 N N N DigitalBridge Group Inc 549300XG87L902AGBO89 25401T603 892474.00000000 NS USD 13788723.30000000 1.700525533452 Long EC CORP US N 1 N N N Hologic Inc 549300DYP6F5ZJL0LB74 436440101 395061.00000000 NS USD 29771796.96000000 3.671674295417 Long EC CORP US N 1 N N N Aspen Technology Inc 254900545H80W6GA2J08 29109X106 53275.00000000 NS USD 0.00000000 0.000000 Long EC CORP US N 3 N N N Confluent Inc 254900MRZ83YWUV7SN74 20717M103 731790.00000000 NS USD 22443999.30000000 2.767957050993 Long EC CORP US N 1 N N N CHART INDUSTRIES INC EM7QGKC1GYOF3LSZSL80 16115QAF7 7566000.00000000 PA USD 7859650.91000000 0.969309251167 Long DBT CORP US N 2 2030-01-01 Fixed 7.50000000 N N N N N N CONTRA VERVE THERAPEUT N/A 925CVR011 660593.00000000 NS USD 440153.12000000 0.054282880503 N/A DE US Y 3 N/A N/A Verve Therapeutics, Inc. Verve Therapeutics, Inc. 2099-12-31 XXXX 23979.53000000 N N N 2026-03-27 ARBITRAGE FUNDS Jonathon Hickey Jonathon Hickey Treasurer XXXX