Core Insights - Metavasi Capital sold its entire stake of 37,000 shares in Wix.com, resulting in a decline of $6.57 million in the quarter-end value of the position [2][4] Company Overview - Wix.com operates as a leading provider of website development and business management solutions, utilizing a subscription-based model to drive recurring revenue [6][8] - As of February 17, 2026, Wix.com had a market capitalization of $3.83 billion and reported revenue of $1.93 billion with a net income of $138.90 million [4] Financial Performance - Wix's third-quarter revenue increased by 14% year over year to $505.2 million, with bookings also rising by 14% [7] - The company's free cash flow reached $127 million in the quarter, with management projecting approximately $600 million in free cash flow for 2025 [9] Market Position - Wix.com has seen its stock price decline by 70.1% over the past year, significantly underperforming the S&P 500's gain of roughly 15% during the same period [7] - The company maintains a competitive edge through a robust technology platform and a diverse product ecosystem, targeting individuals, small businesses, and enterprises globally [6][8]

Core Insights - Institutional investors are showing significant interest in Fiserv Inc. (FI), indicating a strong belief in its long-term growth potential within the financial technology sector [1][2][4]. Group 1: Notable Institutional Moves - Baupost Group LLC, led by Seth Klarman, initiated a substantial new position in FI, reflecting high conviction in its value opportunity [1]. - Point72 Asset Management, under Steve Cohen, entered FI with a meaningful allocation, highlighting hedge fund interest in fintech [2]. - Ariel Appreciation Fund, managed by John W. Rogers Jr., initiated a new stake in FI, aligning with its long-term value investing philosophy [3]. - Bridgewater Associates, led by Ray Dalio, significantly boosted its stake in FI, signaling increased confidence in fintech's role in global payment infrastructure [4]. - Gotham Asset Management, managed by Joel Greenblatt, added materially to its position, suggesting a valuation-driven bet on FI's cash flow resiliency [5]. - Giverny Capital Inc., led by Francois Rochon, modestly lifted its exposure, maintaining FI as a core holding within a concentrated portfolio [6]. - Olstein Capital Management, under Rob Olstein, nearly doubled its stake, reflecting renewed conviction in FI's valuation and growth prospects [7]. - Leon Cooperman added to his already substantial position, underscoring steady belief in FI's fundamentals [10]. - AQR Capital Management, led by Cliff Asness, made a smaller upward adjustment, continuing to hold FI as part of a diversified systematic strategy [11]. - Fisher Asset Management, under Ken Fisher, added to a relatively minor position, with a notable percentage increase given the small base [12]. - GAMCO Investors, led by Mario Gabelli, inched its stake higher, maintaining a small but steady exposure [13]. Group 2: Share Changes and Values - Notable share changes include: - Baupost Group: 895,000 shares, new position valued at $0.15 billion [9]. - Point72 Asset Management: 455,811 shares, new position valued at $0.08 billion [9]. - Ariel Appreciation Fund: 97,884 shares, new position valued at $0.02 billion [9]. - Bridgewater Associates: Increased by 98,525 shares to 1,261,873, valued at $0.22 billion [9]. - Gotham Asset Management: Increased by 25,128 shares to 99,802, valued at $0.02 billion [9]. - Giverny Capital: Increased by 18,941 shares to 648,574, valued at $0.11 billion [9]. - Olstein Capital Management: Increased by 12,500 shares to 31,500, valued at $0.00 billion [9]. - AQR Capital Management: Increased by 5,863 shares to 394,555, valued at $0.07 billion [16].