What happened
According to an SEC filing dated February 17, 2026, SMITH THOMAS W reduced its position in Yelp (YELP 2.63%) 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.
