Arbitrage Funds. Holdings as of May 31, 2026, from Form N-PORT.
Share of net assets at the report date, for the whole fund across all share classes.
| Holding | Weight | Value | Shares or units |
|---|---|---|---|
| State Street Global AdvisorsCash or money market | 7.92% | $66.93M | 66,928,208 |
| Morgan Stanley & Co. LLCCash or money market | 7.92% | $66.93M | 66,928,208 |
| MORGAN STANLEY PRIME BROKER USOther | 6.77% | $57.20M | 57,202,104 |
| Janus Henderson Group PLC | 4.72% | $39.87M | 771,031 |
| Electronic Arts Inc | 4.68% | $39.53M | 195,944 |
| Schroders PLC | 3.38% | $38.51M | 3,635,813 |
| Norfolk Southern CorpNSC | 4.29% | $36.27M | 118,947 |
| TXNM Energy IncTXNM | 4.17% | $35.26M | 595,506 |
| Chart Industries Inc | 4.11% | $34.76M | 167,257 |
| Warner Bros Discovery Inc | 3.93% | $33.18M | 1,228,451 |
| Endeavor Group Holdings Inc | 3.92% | $33.10M | 1,081,507 |
| Penumbra IncPEN | 3.58% | $30.27M | 95,102 |
| Water Island Event Driven Fund | 3.23% | $27.26M | 2,088,887 |
| Masimo Corp | 3.20% | $27.03M | 151,465 |
| Webster Financial Corp | 3.16% | $26.68M | 366,916 |
| Silicon Laboratories IncSLAB | 2.69% | $22.73M | 104,435 |
| Catalyst Pharmaceuticals Inc | 2.68% | $22.62M | 724,150 |
| Caesars Entertainment IncCZR | 2.48% | $20.95M | 721,203 |
| LiveRamp Holdings Inc | 2.46% | $20.82M | 554,210 |
| Centessa Pharmaceuticals PLC | 2.44% | $20.62M | 518,600 |
| Whitestone REIT | 2.44% | $20.59M | 1,079,000 |
| National Storage Affiliates Trust | 2.21% | $18.64M | 437,104 |
| KalVista Pharmaceuticals Inc | 2.20% | $18.56M | 690,618 |
| CHART INDUSTRIES INCBond | 1.98% | $16.76M | 16,188,000 |
| Sila Realty Trust Inc | 1.93% | $16.27M | 538,112 |
| TopBuild Corp | 1.77% | $14.99M | 35,899 |
| DigitalBridge Group Inc | 1.65% | $13.96M | 892,474 |
| Stellar Bancorp Inc | 1.54% | $13.05M | 349,378 |
| Dominion Energy IncD | 1.47% | $12.41M | 185,449 |
| Avanos Medical Inc | 1.46% | $12.32M | 496,890 |
| Beazley PLC | 0.97% | $10.99M | 473,000 |
| XOMA Royalty Corp | 0.98% | $8.29M | 198,676 |
| Organon & CoOGN | 0.97% | $8.19M | 613,857 |
| Kennedy-Wilson Holdings Inc | 0.96% | $8.13M | 738,700 |
| Axalta Coating Systems Ltd | 0.64% | $5.38M | 175,000 |
| Kenvue Inc | 0.58% | $4.90M | 283,756 |
| Skechers USA Inc | 0.50% | $4.26M | 259,875 |
| CONTRA RESOLUTE FORESTDerivative | 0.14% | $1.23M | 803,806 |
| Bristol-Myers Squibb CoDerivative | 0.11% | $964.83K | 857,631 |
| CONTRA ALBIREO PHARMADerivative | 0.11% | $916.50K | 313,065 |
| CONTRA METSERA INCDerivative | 0.10% | $849.46K | 164,636 |
| CONTRA FLEXION THERAPEDerivative | 0.10% | $841.80K | 1,411,000 |
| CONTRA CONCERT PHARMACDerivative | 0.10% | $840.34K | 1,669,338 |
| CONTRA REGULUS THERAPEDerivative | 0.07% | $633.65K | 500,000 |
| CONTRA AVADEL PHARMACEDerivative | 0.07% | $630.38K | 957,437 |
| Morgan Stanley & Co. LLCDerivative | 0.06% | $480.44K | 11,718 |
| CONTRA VERVE THERAPEUTDerivative | 0.05% | $451.05K | 660,593 |
| CONTRA ICOSAVAX INCDerivative | 0.04% | $308.96K | 802,494 |
| CONTRA ABIOMED INCDerivative | 0.03% | $261.84K | 163,650 |
| CONTRA TREEHOUSE FOODSDerivative | 0.02% | $160.49K | 80,813 |