Lakewood Capital Management Boosts Stake in WEX Inc.

The hedge fund increased its position in the business services provider by 15.5% in the third quarter.

Mar. 14, 2026 at 11:20am

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Lakewood Capital Management LP grew its position in WEX Inc. (NYSE:WEX) by 15.5% in the 3rd quarter, according to the company's recent SEC filing. The hedge fund now owns 205,468 shares of the business services provider's stock, making it the 18th largest position in its portfolio.

Why it matters

The increase in Lakewood Capital's stake in WEX suggests the hedge fund sees continued growth potential in the company, which provides payment processing and fleet management services to businesses. As a major institutional investor, Lakewood's moves can influence market sentiment around WEX.

The details

Lakewood Capital purchased an additional 27,500 shares of WEX in the third quarter, bringing its total position to 205,468 shares worth $32.37 million. The hedge fund now owns about 2.4% of WEX's outstanding shares. Other major institutional investors have also adjusted their WEX holdings, with some increasing and others decreasing their stakes.

  • Lakewood Capital reported its increased stake in WEX in a 13F filing covering the third quarter of 2026.

The players

Lakewood Capital Management LP

A New York-based hedge fund that focuses on long-term value investing.

WEX Inc.

A global financial technology company that provides payment processing and fleet management services to businesses.

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The takeaway

Lakewood Capital's increased stake in WEX suggests the hedge fund sees continued growth potential in the business services provider, which could signal broader investor confidence in the company's future performance.