Forager International Shares Fund on Wix.com Ltd

Forager viewed the first-half 2026 software-stock selloff as an overreaction and used the weakness to add to existing technology holdings and aggressively buy new ones. Wix had fallen more than 80% over the 18 months to June 2026 as investors feared AI would disintermediate its website-building platform or unleash a flood of competitors. The fund began buying Wix in July and said early evidence around the thesis looked promising, suggesting it believed those disruption fears had become excessive. Wix also sells services for online stores, bookings, payments and search-engine optimisation, giving the business a broader role than basic website creation.