What smart money is saying about WEX Inc.
1 fund in our archive has pitched WEX Inc., most recently Gator Capital in June 2025.
WEX Inc. provides financial technology services in the United States and internationally. It operates through three segments: Fleet Solutions, Travel and Corporate Solutions, and Health and Employee Benefit Solutions. The Fleet Solutions segment offers fleet vehicle payment processing services. Its services include customer, account activation, and account retention services; authorization and billing inquiries, and account maintenance services; credit and collections services; merchant services; analytics solutions with access to web-based data analytics platform that offers insights to fleet managers; and ancillary services and tools to fleets to manage expenses and capital requirements. This segment markets its products directly and indirectly to commercial and government vehicle fleet customers with small, medium, and large fleets, as well as with over-the-road and long haul fleets; and indirectly through co-branded and private label relationships. The Travel and Corporate Solutions segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. Its products include virtual cards that are used for transactions where no card is presented. This segment markets its products directly and indirectly to commercial and government organizations. The Health and Employee Benefit Solutions segment offers healthcare payment products and software-as-a-service consumer directed platforms for healthcare market, as well as payroll related and employee benefit products in Brazil. This segment markets its products through health plans, third-party administrators, financial institutions, payroll companies benefits consultants, software providers, and individuals. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. WEX Inc. was founded in 1983 and is based in Portland, Maine.
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Position history
Between Q4 2024 and Q3 2026, 5 fund letters reported a position in WEX Inc., with 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q2 2025 | 2 | 0 | 1 | 1 |
| Q4 2024 | 1 | 0 | 1 | 0 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 5 positions · 2 moves
- September 2026
“Staying with Financials, Cambiar’s holdings in the sector held up well vs. the index, resulting in a positive contribution to relative performance for the quarter. Although the portfolio incurred drawdowns in Prosperity Bancshares and Lazard, strong gains from non-bank holdings such as WEX, Reinsurance Group of America, and CBOE Global Markets provided a good offset.”
WEX Inc. - June 2026
Listed in Ariel Investments Small Cap Value Strategy’s reported holdings.
WEX Inc. - June 2025
“Another poor performer was WEX Inc. (WEX), a global provider of B2B payment solutions and management platforms for vehicle fleets, corporate travel, and consumer-directed health care benefits.”
WEX Inc. - ExitedFederated Hermes Sustainable Global EquityJune 2025
“Investment strategy Federated Hermes Sustainable Global Equity is a high-conviction global equity strategy. It aims to generate attractive financial returns by investing in companies that are aligned with achieving positive outcomes for society and the environment and ultimately support the United Nations Sustainable Development Goals (UN SDGs). The Strategy is a concentrated, high active-share strategy. We believe that ‘impactful,’ ‘leading’ and ‘improving’ companies play a critical role in contributing towards a more sustainable future and are well-positioned to benefit from structural sustainability trends over the long term. We believe sustainable investments are companies with business models geared towards creating value for society, with a positive or improving sustainability profile, and whose activities have an overall positive impact through their products and services. Our long-term holding periods and stewardship expertise enable us to develop effective and enduring engagement with these companies that can deliver additional impact and provide greater insight. From a sector perspective, the Strategy remains overweight Industrials, Information Technology and Healthcare, and underweight Consumer Discretionary, Communication Services, with zero-weight in Energy and Utilities. Over the H1 period, we added five positions in Clean Harbors, ServiceNow, T-Mobile, Nasdaq, and Linde, and closed out two positions in WEX and Gartner.”
WEX Inc. - ExitedAMG Renaissance Large Cap Growth FundDecember 2024
“Conversely, we sold our position in WEX Inc. (WEX) following a deterioration in fundamental factors.”
WEX Inc.
Fund coverage · 1 thesis
- Gator CapitalJune 2025
WEX Inc. is an attractive investment due to its high-quality, capital-light business model, low valuation, strong free cash flow, activist investor involvement, and disciplined capital allocation strategy.
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