Fund Reduces Stake in Wix.com by 86%

Shannon River Fund Management LLC sells off majority of its Wix.com holdings, according to recent SEC filing.

Published on Feb. 24, 2026

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According to a U.S. Securities and Exchange Commission (SEC) filing, Shannon River Fund Management LLC sold 283,352 shares of Wix.com (NASDAQ:WIX) during the fourth quarter of 2025, reducing its stake in the company by 86%. The estimated transaction value was $34.26 million, based on the average unadjusted close for the quarter.

Why it matters

Wix.com's stock has struggled over the past year, down nearly 70% compared to the S&P 500. Shannon River's decision to significantly reduce its position in the company could signal broader investor concerns about Wix's performance and outlook, despite the company's solid fundamentals including accelerating revenue growth.

The details

Following the sale, Wix.com comprised only 0.76% of Shannon River Fund Management LLC's reportable U.S. equity assets. The fund's quarter-end position in Wix.com was 46,731 shares, valued at $4.85 million.

  • Shannon River Fund Management LLC disclosed the sale in a February 13, 2026 SEC filing.
  • The shares were sold during the fourth quarter of 2025.

The players

Shannon River Fund Management LLC

A New York-based hedge fund that recently sold off the majority of its stake in Wix.com.

Wix.com

A leading provider of cloud-based website development solutions, serving approximately 222 million registered users worldwide as of December 31, 2021.

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What’s next

Investors will be closely watching Wix.com's performance and whether other institutional investors follow Shannon River's lead in reducing their exposure to the stock.

The takeaway

Shannon River's decision to sell off a significant portion of its Wix.com holdings highlights the ongoing challenges facing the company, despite its solid fundamentals. Investors will need to carefully evaluate Wix's long-term prospects as it navigates a difficult market environment.