According to SEC Filing, Thomas W. Smith Trimmed Yelp Stake as Local Services Advertising Reshapes the Business

MrDecoder · 2026-03-11T08:18:11+00:00

SMITH THOMAS W reduced its Yelp stake by 96,280 shares, worth $4.09 million, as of February 17, 2026. Yelp's shares fell 45.7% over the year, trailing the S&P 500. The remaining stake represents 0.22% of the fund's AUM.

MrDecoder

2026-03-11 08:18:11

Abstract generation in progress

What happened

According to an SEC filing dated February 17, 2026, SMITH THOMAS W reduced its position in Yelp (YELP 0.17%) by 96,280 shares during the fourth quarter. At quarter-end, the value of the position declined by $4.09 million, reflecting both the share sale and changes in the stock price.

What else to know

The fund’s remaining stake in Yelp is 0.22% of 13F AUM after the sale.

Top holdings after the filing:

NASDAQ: CACC: $42.08 million (38.9% of AUM)
NYSE: W: $23.81 million (22.0% of AUM)
NYSE: BTI: $22.51 million (20.8% of AUM)
NASDAQ: WRLD: $10.89 million (10.1% of AUM)
NASDAQ: CMPR: $8.62 million (8.0% of AUM)

As of February 17, 2026, shares were priced at $20.68, down 45.7% over the past year, underperforming the S&P 500 by 56.53 percentage points.

Company Overview

Metric	Value
Revenue (TTM)	$1.46 billion
Net Income (TTM)	$145.60 million
Market Capitalization	$1.49 billion
Price (as of market close 2026-02-17)	$20.68

Company Snapshot

Yelp Inc. operates a leading online platform that connects consumers with local businesses across diverse categories, leveraging a mix of advertising and digital solutions.

The company’s scalable business model is underpinned by a large user base and a broad portfolio of business services, driving recurring revenue streams. The company generates revenue primarily from advertising products sold to businesses on a cost-per-click and multi-location basis, as well as subscriptions and data licensing. Yelp’s data-driven approach and established brand position it competitively within the internet content and information industry.

Yelp serves local businesses across multiple categories and consumers seeking local services, with a primary focus on the U.S. market and select international presence.

What this transaction means for investors

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