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the next wave of millionaires ›New York City-based Elwood Capital Partners disclosed a purchase of 17,710 shares of Wix.com Ltd. (NASDAQ:WIX) in a November 13 SEC filing, increasing the position by approximately $3.57 million.According to a Securities and Exchange Commission (SEC) filing dated November 13, Elwood Capital Partners LP increased its holding in Wix.com Ltd. (NASDAQ:WIX) by acquiring 17,710 additional shares in the third quarter. The post-transaction position stands at 40,033 shares valued at $7.11 million as of September 30.The added Wix.com position brings it to 4.34% of Elwood Capital's 13F assets under management after the filing.Top holdings after the filing:NASDAQ:AMZN: $13.80 million (12.6% of AUM)NASDAQ:MSFT: $13.07 million (12.0% of AUM)NYSE:TSM: $12.57 million (11.5% of AUM)NYSE:UNH: $12.10 million (11.1% of AUM)NYSE:PLNT: $7.27 million (6.6% of AUM)As of Wednesday, WIX shares were priced at $105.43, down a staggering 53% over the past year and well underperforming the S&P 500, which is up 15% in the same period.MetricValuePrice (as of Wednesday)$105.43Market Capitalization$5.87 billionRevenue (TTM)$1.93 billionNet Income (TTM)$138.90 millionWix.com offers a cloud-based platform for website creation, web applications, e-commerce tools, and business management solutions, including products such as Wix Editor, Wix ADI, Corvid by Wix, Ascend by Wix, and Wix Payments.The company generates revenue primarily through premium subscriptions, value-added services, and payment processing fees, leveraging a freemium model to convert registered users to paying customers.It serves individuals, small businesses, and enterprises globally, targeting users seeking accessible website development and digital business solutions.Wix.com Ltd. is a leading provider of cloud-based website development and business management solutions supporting hundreds of millions of registered users worldwide. The company leverages a scalable, subscription-driven business model and a comprehensive suite of tools to empower users to build, manage, and grow their online presence.It’s certainly interesting when a fund decides to lean into a business where the fundamentals and the stock price are telling two very different stories.Wix’s third quarter is a prime example. Revenue climbed 14% year over year to $505 million, bookings grew at the same pace, and free cash flow reached $127 million, or roughly 25% of revenue. Excluding acquisition and HQ-related costs, free cash flow would have topped $159 million. That’s not exactly the profile of a company in decline. Creative Subscriptions ARR rose to $1.46 billion, while Business Solutions revenue jumped 18%, showing strength beyond basic site-building tools. The standout, though, is Base44. Management now expects the AI-driven product to generate at least $50 million in ARR by year's end, with a credible path toward $100 million driven by strong early adoption and rising market share.Nevertheless, the stock remains down more than 50% over the past year and roughly 70% from its 2021 highs. In Elwood’s portfolio, Wix sits alongside mega-cap compounders like Amazon and Microsoft, signaling patience and a bias toward durable cash generators rather than quick rebounds. For long-term investors, this is a reminder that sentiment can lag fundamentals for a long time, but cash flow rarely do.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P 5006,929.94 -2.11 (-0.03%)Dow 3048,710.97 -20.19 (-0.04%)Nasdaq23,593.10 -20.21 (-0.09%)Russell 20002,534.35 -13.74 (-0.54%)VIX13.60 +0.13 (+0.97%)Gold4,562.00 +59.20 (+1.31%)Trending tickersTGT Target Corporation 99.55 +3.02 (+3.13%)XPEV XPeng Inc. 20.78 +1.21 (+6.18%)CPNG Coupang, Inc. 24.27 +1.47 (+6.45%)ASPC A SPAC III Acquisition Corp. 24.01 +10.59 (+78.91%)BTC-CAD Bitcoin CAD 119,599.13 -2,269.87 (-1.86%)PortfolioSign in to access your portfolioSign inTop gainersELPC Companhia Paranaense de Energia 9.65 +0.79 (+8.92%)PSLV Sprott Physical Silver Trust 26.04 +2.08 (+8.68%)ZETA Zeta Global Holdings Corp. 20.70 +1.59 (+8.32%)CPNG Coupang, Inc. 24.27 +1.47 (+6.45%)XPEV XPeng Inc. 20.78 +1.21 (+6.18%)Top losersRGC Regencell Bioscience Holdings Limited 21.16 -3.44 (-13.98%)FLY Firefly Aerospace Inc. 23.34 -3.70 (-13.68%)TMC TMC the metals company Inc. 6.82 -0.80 (-10.50%)AAOI Applied Optoelectronics, Inc. 37.17 -3.83 (-9.34%)RGTI Rigetti Computing, Inc. 22.38 -2.13 (-8.69%)Most activeNVDA NVIDIA Corporation 190.53 +1.92 (+1.02%)TSLA Tesla, Inc. 475.19 -10.21 (-2.10%)PLUG Plug Power Inc. 2.0700 -0.0300 (-1.43%)ONDS Ondas Holdings Inc. 8.48 -0.65 (-7.12%)NIO NIO Inc. 5.10 +0.19 (+3.87%)Top economic eventsEarnings eventsMy earnings eventsEarnings events