THE ARBITRAGE FUND

Fund Profile

Fund profile

Tickers

ARBFX, ARBNX, ARBCX, ARGAX

Fund manager

The Arbitrage Fund Class R

Total assets

$978.07 mm

Liabilities

$48.14 mm

Net assets

$929.93 mm

Number of holdings

85.00

85 Holdings

As of Nov 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Morgan Stanley Institutional Liquidity Funds - Government Portfolio	104.82 mm	104.82 mm shares	11.27	Short-term investment vehicle	Long	USA
State Street Institutional US Government Money Market Fund	104.82 mm	104.82 mm shares	11.27	Short-term investment vehicle	Long	USA
HES Hess Corporation	46.69 mm	317.24 k shares	5.02	Common equity	Long	USA
Water Island Event Driven Fund	44.36 mm	3.72 mm shares	4.77	Common equity	Long	USA
AMED Amedisys, Inc.	42.98 mm	470.23 k shares	4.62	Common equity	Long	USA
K Kellogg Company	38.19 mm	469.81 k shares	4.11	Common equity	Long	USA
MORGAN STANLEY PRIME BROKER US	34.89 mm	34.89 mm shares	3.75		Long	USA
DS Smith PLC	33.30 mm	4.49 mm shares	3.58	Common equity	Long	UK
EDR Endeavor Group Holdings, Inc.	32.85 mm	1.08 mm shares	3.53	Common equity	Long	USA
ACI Albertsons Companies, Inc.	32.72 mm	1.65 mm shares	3.52	Common equity	Long	USA
ANSS ANSYS, Inc.	31.23 mm	88.95 k shares	3.36	Common equity	Long	USA
HCP HashiCorp, Inc.	30.61 mm	910.45 k shares	3.29	Common equity	Long	USA
EVRI Everi Holdings Inc.	29.90 mm	2.22 mm shares	3.22	Common equity	Long	USA
VZIO Vizio Holding Corp.	28.57 mm	2.51 mm shares	3.07	Common equity	Long	USA
X United States Steel Corporation	26.62 mm	652.85 k shares	2.86	Common equity	Long	USA
CTLT Catalent, Inc.	24.57 mm	402.01 k shares	2.64	Common equity	Long	USA
CHX ChampionX Corporation	23.55 mm	761.00 k shares	2.53	Common equity	Long	USA
JNPR Juniper Networks, Inc.	22.60 mm	629.17 k shares	2.43	Common equity	Long	USA
SMAR Smartsheet Inc.	18.68 mm	333.88 k shares	2.01	Common equity	Long	USA
ZUO Zuora, Inc.	18.55 mm	1.87 mm shares	1.99	Common equity	Long	USA
FYBR Frontier Communications Parent, Inc.	17.73 mm	509.40 k shares	1.91	Common equity	Long	USA
MGRC McGrath RentCorp	16.49 mm	135.35 k shares	1.77	Common equity	Long	USA
PARA Paramount Global	14.17 mm	1.31 mm shares	1.52	Common equity	Long	USA
ROIC Retail Opportunity Investments Corp.	13.99 mm	804.00 k shares	1.50	Common equity	Long	USA
Britvic PLC	11.89 mm	723.00 k shares	1.28	Common equity	Long	UK
CDMO Avid Bioservices, Inc.	11.64 mm	948.00 k shares	1.25	Common equity	Long	USA
Matterport, Inc.	11.42 mm	2.40 mm shares	1.23	Common equity	Long	USA
Enstar Group Ltd	9.89 mm	30.45 k shares	1.06	Common equity	Long	Bermuda
Spirent Communications PLC	9.42 mm	4.32 mm shares	1.01	Common equity	Long	UK
BERY Berry Global Group, Inc.	9.40 mm	130.00 k shares	1.01	Common equity	Long	USA
ALTR Altair Engineering Inc.	9.29 mm	88.00 k shares	1.00	Common equity	Long	USA
SUM Summit Materials, Inc.	9.27 mm	182.00 k shares	1.00	Common equity	Long	USA
CIXXF CI Financial Corp.	9.18 mm	414.00 k shares	0.99	Common equity	Long	Canada
Arcadium Lithium PLC	8.79 mm	1.67 mm shares	0.95	Common equity	Long	Jersey
RVNC Revance Therapeutics, Inc.	5.75 mm	1.59 mm shares	0.62	Common equity	Long	USA
B Barnes Group Inc.	4.67 mm	99.80 k shares	0.50	Common equity	Long	USA
ATSG Air Transport Services Group, Inc.	4.58 mm	208.41 k shares	0.49	Common equity	Long	USA
ENLC EnLink Midstream, LLC	1.68 mm	104.70 k shares	0.18	Common equity	Long	USA
Long: SLBMSS TRS USD R V 00MFEDL FEDL01/-40 BPS / Short: SLBMSS TRS USD P E SLBMSS US PAY EQUITY Morgan Stanley & Co. LLC	1.45 mm	26.05 mm other units	0.16	Equity derivative	N/A	USA
CONTRA RESOLUTE FOREST	1.28 mm	803.81 k shares	0.14	Equity derivative	N/A	USA
CONTRA CINCOR PHARMA I	1.23 mm	339.80 k shares	0.13	Equity derivative	N/A	USA
PURCHASED USD / SOLD GBP Morgan Stanley & Co. LLC	1.09 mm	1.00 contracts	0.12	DFE	N/A	USA
CONTRA ALBIREO PHARMA	794.40 k	313.07 k shares	0.09	Equity derivative	N/A	USA
CONTRA FLEXION THERAPE	729.63 k	1.41 mm shares	0.08	Equity derivative	N/A	USA
CONTRA CONCERT PHARMAC	728.50 k	1.67 mm shares	0.08	Equity derivative	N/A	USA
COSTAR GROUP INC	656.53 k	791.00 contracts	0.07	Equity derivative	N/A	USA
BMY Bristol-Myers Squibb Company	643.22 k	857.63 k shares	0.07	Equity derivative	N/A	USA
PURCHASED USD / SOLD CAD Morgan Stanley & Co. LLC	583.84 k	1.00 contracts	0.06	DFE	N/A	USA
CONTRA ABIOMED INC	286.39 k	163.65 k shares	0.03	Equity derivative	N/A	USA
AMCOR PLC	282.75 k	9.43 k contracts	0.03	Equity derivative	N/A	Jersey
CONTRA ICOSAVAX INC	267.79 k	802.49 k shares	0.03	Equity derivative	N/A	USA
UNITED STATES STEEL CORP	204.82 k	1.08 k contracts	0.02	Equity derivative	N/A	USA
CONTRA ADAMAS PHARMACE	92.05 k	1.15 mm shares	0.01	Equity derivative	N/A	USA
CONTRA ADAMAS PHARMACE	92.05 k	1.15 mm shares	0.01	Equity derivative	N/A	USA
FRONTIER COMMUNICATIONS PARENT	35.40 k	3.54 k contracts	0.00	Equity derivative	N/A	USA
PURCHASED USD / SOLD GBP Morgan Stanley & Co. LLC	34.24 k	1.00 contracts	0.00	DFE	N/A	USA
PURCHASED USD / SOLD CAD Morgan Stanley & Co. LLC	13.17 k	1.00 contracts	0.00	DFE	N/A	USA
PURCHASED USD / SOLD CAD Morgan Stanley & Co. LLC	8.40 k	1.00 contracts	0.00	DFE	N/A	USA
PURCHASED USD / SOLD GBP Morgan Stanley & Co. LLC	8.25 k	1.00 contracts	0.00	DFE	N/A	USA
PURCHASED GBP / SOLD USD Morgan Stanley & Co. LLC	2.82 k	1.00 contracts	0.00	DFE	N/A	UK
LONGBOARD PHARMACEUTICALS INC	375.00	75.00 contracts	0.00	Equity derivative	N/A	USA
COP ConocoPhillips	37.38	0.35 shares	0.00	Common equity	Long	USA
MORGAN STANLEY PRIME BROKER CA	8.08	11.31 shares	0.00		Long	Canada
MS PRIME BROKER ZAR	0.55	10.00 shares	0.00	Short-term investment vehicle	Long	South Africa
ESC GCI LIBERTY INC SR	0	660.97 k shares	0.00	Common equity	Long	USA
LONGBOARD PHARMACEUTICALS INC	0	100.00 contracts	0.00	Equity derivative	N/A	USA
LONGBOARD PHARMACEUTICALS INC	0	284.00 contracts	0.00	Equity derivative	N/A	USA
JPY CSSH AT MORGAN STANLEY	-0.11	-16.88 shares	-0.00		Short	Japan
SEK CASH COLLATERAL	-0.12	-1.26 shares	-0.00	Short-term investment vehicle	Short	Sweden
MORGAN STANLEY PRIME BROKER	-0.61	-6.74 shares	-0.00	Short-term investment vehicle	Short	Norway
PURCHASED USD / SOLD GBP Morgan Stanley & Co. LLC	-1.01 k	1.00 contracts	-0.00	DFE	N/A	USA
PURCHASED USD / SOLD GBP Morgan Stanley & Co. LLC	-3.70 k	1.00 contracts	-0.00	DFE	N/A	USA
PURCHASED GBP / SOLD USD Morgan Stanley & Co. LLC	-4.02 k	1.00 contracts	-0.00	DFE	N/A	UK
PURCHASED CAD / SOLD USD Morgan Stanley & Co. LLC	-49.71 k	1.00 contracts	-0.01	DFE	N/A	Canada
PURCHASED USD / SOLD CAD Morgan Stanley & Co. LLC	-53.10 k	1.00 contracts	-0.01	DFE	N/A	USA
PURCHASED GBP / SOLD USD Morgan Stanley & Co. LLC	-59.36 k	1.00 contracts	-0.01	DFE	N/A	UK
PURCHASED GBP / SOLD USD Morgan Stanley & Co. LLC	-125.39 k	1.00 contracts	-0.01	DFE	N/A	UK
PURCHASED CAD / SOLD USD Morgan Stanley & Co. LLC	-353.87 k	1.00 contracts	-0.04	DFE	N/A	Canada
PURCHASED GBP / SOLD USD Morgan Stanley & Co. LLC	-436.40 k	1.00 contracts	-0.05	DFE	N/A	UK
OKE ONEOK, Inc.	-1.68 mm	-14.82 k shares	-0.18	Common equity	Short	USA
Long: CVXMSS TRS USD R V 00MFEDL0 FEDL01 -40BPS / Short: CVXMSS TRS USD P E CVXMSS TRS RE Morgan Stanley & Co. LLC	-2.99 mm	49.67 mm other units	-0.32	Equity derivative	N/A	USA
CSGP CoStar Group, Inc.	-6.46 mm	-79.46 k shares	-0.70	Common equity	Short	USA
Long: IPMSS TRS USD R V 01MFEDL FEDL01/-40 BPS / Short: IPMSS TRS USD P E IPMSS PAY EQUITY Morgan Stanley & Co. LLC	-6.68 mm	27.23 mm other units	-0.72	Equity derivative	N/A	USA
Amcor PLC	-10.03 mm	-942.50 k shares	-1.08	Common equity	Short	Jersey
SNPS Synopsys, Inc.	-17.14 mm	-30.69 k shares	-1.84	Common equity	Short	USA