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Marketwise

MKTW on Nasdaq. Market value $45m.

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Who owns it

None of the long-term investors we follow own it. 51 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

6 investors own more than 5%.

  • Monument & Cathedral Holdings, LLC
    at least 74.3%+2.6 pts
    (filed with 3 related holders)
    Since 17 February 2026
    What they said

    Item 4 is hereby amended and supplemented by adding the following: On October 28, 2025, Monument (collectively with its affiliates, "M&C") delivered a letter to the board of directors of the Issuer (the "Board"), which contained a proposal (the "Proposal") to acquire all of the…

    Read the filing
  • Frank Porter Stansberry
    58.3%
    Since 19 March 2026
    What they said

    Item 4 of Schedule 13D is hereby amended and supplemented by adding the following: The Reporting Person believes that the Issuer's Class A Common Stock were undervalued by the market at the times of the share purchases. The Reporting Person further intends to review the…

    Read the filing
  • Barclays PLC
    Passive investor
    5.6%
    Since 30 June 2025
  • BlackRock, Inc.
    Passive investor
    5.5%+0.5 pts
    Since 30 June 2026
  • Pinkney Partners, L.P.
    Passive investor
    5.5%
    Since 3 November 2025
  • Robert D. Lynch
    Passive investor
    n/a
    Since 3 April 2025
  • Kelly Jared M
    Passive investor
    Sold down below 5%
    Since 7 April 2026
  • Sold down below 5%
    Since 12 August 2024

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

In the last 12 months, 1 insider bought $3m of shares on the open market. 3 sold $529,866.

  • Galsim Marco
    Chief Information Officer
    Sold
    Date
    1 July 2026
    Shares
    3,294
    Price
    $19.14
    Value
    $63,047
  • Forney Scott Daniel
    General Counsel
    Sold
    Date
    1 July 2026
    Shares
    711
    Price
    $19.14
    Value
    $13,609
  • Mickels Erik
    Chief Finacial Officer
    Sold
    Date
    1 July 2026
    Shares
    3,973
    Price
    $19.14
    Value
    $76,043
  • Stansberry Frank Porter
    Director
    Bought
    Date
    22 May 2026
    Shares
    10,000
    Price
    $17.88
    Value
    $178,800
  • Stansberry Frank Porter
    Director
    Bought
    Date
    20 May 2026
    Shares
    20,100
    Price
    $17.21
    Value
    $345,921
  • Stansberry Frank Porter
    Director
    Bought
    Date
    18 May 2026
    Shares
    3,623
    Price
    $16.50
    Value
    $59,776
  • Stansberry Frank Porter
    Director
    Bought
    Date
    15 May 2026
    Shares
    11
    Price
    $16.71
    Value
    $184
  • Stansberry Frank Porter
    Director
    Bought
    Date
    14 May 2026
    Shares
    20,000
    Price
    $18.12
    Value
    $362,400
  • Stansberry Frank Porter
    Director
    Bought
    Date
    12 May 2026
    Shares
    10,000
    Price
    $18.50
    Value
    $185,000
  • Stansberry Frank Porter
    Director
    Bought
    Date
    11 May 2026
    Shares
    10,000
    Price
    $18.89
    Value
    $188,900

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the serious warning signs we check for were found. 1 thing worth knowing.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 6 Mar 2026, plus the 10-Q filed 6 Aug 2026 and 8 later 8-Ks.

  • Changed auditor

    Worth knowing

    The company changed its auditor (the firm that checks its books) in the last two years.

    “On March 14, 2025, the Audit Committee of the Board of Directors of MarketWise, Inc. (the "Company") approved the dismissal of Deloitte & Touche LLP as the Company's independent registered public accounting firm.”

    From an 8-K filed 17 March 2025: Change of auditor. Read it in the filing

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.