Fund Reduces Stake in WIX by 86%, According to Recent SEC Filing

2 days ago 4

Jake Lerch, The Motley Fool

Thu, February 19, 2026 astatine 8:49 AM CST 4 min read

Shannon River Fund Management LLC disclosed successful a February 13, 2026, filing that it sold 283,352 shares of Wix.com (NASDAQ:WIX), an estimated $34.26 cardinal transaction based connected quarterly mean pricing.

According to a U.S. Securities and Exchange Commission (SEC) filing dated February 13, 2026, Shannon River Fund Management LLC sold 283,352 shares of Wix.com during the 4th fourth of 2025. The estimated transaction worth was $34.26 million, based connected the mean unadjusted adjacent for the quarter. The fund’s quarter-end presumption successful Wix.com was 46,731 shares, valued astatine $4.85 million.

Following the sale, Wix.com comprised 0.76% of Shannon River Fund Management LLC’s reportable U.S. equity assets.

Top holdings aft the filing:

NASDAQ:TSEM: $70.78 cardinal (11.1% of AUM)
NASDAQ:PEGA: $62.04 cardinal (9.7% of AUM)
NYSE:U: $47.06 cardinal (7.4% of AUM)
NYSE:LYV: $36.40 cardinal (5.7% of AUM)
NASDAQ:MRVL: $32.10 cardinal (5.0% of AUM)

As of February 13, 2026, Wix.com shares were priced astatine $69.23, down 69.4% implicit the past year, underperforming the S&P 500 by 81.18 percent points.

Metric

Value

Market Capitalization	$3.86 billion
Revenue (TTM)	$1.93 billion
Net Income (TTM)	$138.90 million
Price (as of marketplace adjacent 2/13/26)	$69.23

Offers a cloud-based level for website and web exertion creation, including Wix Editor, Wix ADI, Corvid by Wix, Ascend by Wix, Wix Logo Maker, Wix Answers, and Wix Payments.
Generates gross chiefly done premium subscriptions, value-added concern applications, and outgo processing services for users gathering and managing their online presence.
Targets individuals, tiny businesses, and enterprises globally seeking accessible integer tools to establish, operate, and turn their online businesses.

Wix.com is simply a starring supplier of cloud-based website improvement solutions, serving astir 222 cardinal registered users worldwide arsenic of December 31, 2021. The institution leverages a robust suite of products and a scalable subscription exemplary to empower users with constricted method expertise to physique and negociate professional-grade websites and integer businesses. Its strategical absorption connected merchandise innovation and a wide ecosystem of complementary services underpins its competitory presumption successful the website infrastructure market.

Shannon River, a New York-based hedge fund, precocious disclosed the merchantability of astir 283,000 shares of Wix.com (WIX) during the 4th fourth (the 3 months ending connected Dec. 31, 2025). Here’s what investors request to know.

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