WisdomTree
WT on NYSE. WisdomTree sells funds and investment products to investors and financial professionals. Market value $3.7bn.
Price checks use the past 12 months to June 2026. Some use the latest annual report instead, as marked. Quality checks use five annual reports, the latest for the year to December 2025.
We can't read total debt from the filing, so debt is left out.
Should I look at this?
Good business, but not cheap right now
Why it could be worth it
See cheaper Financial services stocks on the list
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 19 cents. Above 10 is good.
What you pay for each dollar of net assets: $8.85.
Profit per $100 you pay: $2.18.
Quality score: 100 of 100. Price score: 13 of 100. Our list needs 70 on quality and 60 on price.
$24.45 a share, 129% above its 1-year low
Over the past year the price has ranged from $10.69 to $25.91.
Dividend: 0.5% a year
Paid every year for at least 5 years
Prices from Monday’s close (5 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $304m | $301m | $349m | $428m | $494m |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.15bn | 0.15bn | 0.15bn | 0.14bn | 0.15bn |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsStrong, 12.9% a year
- Buying back its own sharesRoughly flat
The quarter to June 2026
How the business did, compared with the same quarter a year earlier.
- Sales: $177 million last quarter, up 57% on a year ago.
- Profit: $44 million, up 79% on a year ago.
- Spare cash over the past 12 months: $192 million, up from $127 million.
- 7% more shares than a year ago. Each share owns a bit less of the company.
- Sales grew on a year ago in each of the last 4 quarters.
| Quarter to | Amount |
|---|---|
| September 2024 | $113m |
| December 2024 | $111m |
| March 2025 | $108m |
| June 2025 | $113m |
| September 2025 | $126m |
| December 2025 | $147m |
| March 2026 | $159m |
| June 2026 | $177m |
| Quarter to | Amount |
|---|---|
| September 2024 | -$4m |
| December 2024 | $27m |
| March 2025 | $25m |
| June 2025 | $25m |
| September 2025 | $20m |
| December 2025 | $40m |
| March 2026 | -$23m |
| June 2026 | $44m |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 25 February 2026
- Next quarterly (estimated, 10-Q)
- 4 November 2026
Who owns it
3 long-term investors we follow own it, unchanged from 3 last quarter. 312 funds in all.
- Horizon KineticsMurray Stahl
- Value
- $3m
- Share of fund
- <0.1%
- LSV Asset ManagementJosef Lakonishok
- Value
- $151,000
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Horizon KineticsMurray Stahl | $3m | <0.1% | |
| Polen CapitalDan Davidowitz | $3m | <0.1% | Added |
| LSV Asset ManagementJosef Lakonishok | $151,000 | <0.1% |
Largest holders overall
- BlackRock$327mAdded
- FMR$230mAdded
- Invesco$169mAdded
- Wellington Management Group LLP$142mCut
- Vanguard Portfolio Management$138m
- Capital World Investors$128mAdded
- Azora Capital LP$105mAdded
- Vanguard Capital Management$103mAdded
- State Street$95mAdded
- Driehaus Capital Management$80mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
7 investors own more than 5%.
- FMR LLCPassive investorat least 9.4%−2.7 pts(filed with 1 related holder)Since 31 March 2026
- Wellington Management Company LLPPassive investor7.2%+1.3 ptsSince 31 December 2025
- Invesco Ltd.Passive investor6.6%Since 30 June 2026
- Vanguard Portfolio ManagementPassive investor5.8%Since 31 March 2026
- Wellington Management Group LLPPassive investorat least 5.5%−2.7 pts(filed with 2 related holders)Since 30 June 2026
- Azora Capital LPPassive investorat least 4.8%−1.4 pts(filed with 2 related holders)Since 30 June 2025
- ETFS Capital Limited.Passive investorat least 3.6%−2.7 pts(filed with 1 related holder)Since 20 August 2025
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
FMR LLC Passive investor | at least 9.4%−2.7 pts (filed with 1 related holder) | 31 March 2026 | |
Wellington Management Company LLP Passive investor | 7.2%+1.3 pts | 31 December 2025 | |
Invesco Ltd. Passive investor | 6.6% | 30 June 2026 | |
Vanguard Portfolio Management Passive investor | 5.8% | 31 March 2026 | |
Wellington Management Group LLP Passive investor | at least 5.5%−2.7 pts (filed with 2 related holders) | 30 June 2026 | |
Azora Capital LP Passive investor | at least 4.8%−1.4 pts (filed with 2 related holders) | 30 June 2025 | |
ETFS Capital Limited. Passive investor | at least 3.6%−2.7 pts (filed with 1 related holder) | 20 August 2025 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
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 $1,500 of shares on the open market. 3 sold $5m, $2m of it under preset trading plans.
- Lilien R JarrettPresident and COOSoldunder a preset trading plan
- Date
- 9 September 2026
- Shares
- 30,000
- Price
- $24.56
- Value
- $736,800
- Lilien R JarrettPresident and COOSoldunder a preset trading plan
- Date
- 20 May 2026
- Shares
- 30,000
- Price
- $18.99
- Value
- $569,700
- Ziemba Peter MChief Administrative OfficerSold
- Date
- 19 May 2026
- Shares
- 100,000
- Price
- $19.31
- Value
- $2m
- Yates David MChief Information OfficerSold
- Date
- 5 May 2026
- Shares
- 15,000
- Price
- $18.06
- Value
- $270,900
- PANKOPF TONIA LDirectorBought
- Date
- 25 February 2026
- Shares
- 44
- Price
- $16.94
- Value
- $751
- Lilien R JarrettPresident and COOSoldunder a preset trading plan
- Date
- 25 February 2026
- Shares
- 30,000
- Price
- $16.84
- Value
- $505,200
- Yates David MChief Information OfficerSold
- Date
- 2 December 2025
- Shares
- 6,820
- Price
- $11.13
- Value
- $75,907
- PANKOPF TONIA LDirectorBought
- Date
- 26 November 2025
- Shares
- 68
- Price
- $11.05
- Value
- $749
- Lilien R JarrettPresident and COOSoldunder a preset trading plan
- Date
- 25 November 2025
- Shares
- 12,500
- Price
- $11.01
- Value
- $137,625
- Lilien R JarrettPresident and COOSoldunder a preset trading plan
- Date
- 12 November 2025
- Shares
- 25,000
- Price
- $11.77
- Value
- $294,250
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 9 September 2026 | Lilien R Jarrett President and COO | Sold under a preset trading plan | 30,000 | $24.56 | $736,800 |
| 20 May 2026 | Lilien R Jarrett President and COO | Sold under a preset trading plan | 30,000 | $18.99 | $569,700 |
| 19 May 2026 | Ziemba Peter M Chief Administrative Officer | Sold | 100,000 | $19.31 | $2m |
| 5 May 2026 | Yates David M Chief Information Officer | Sold | 15,000 | $18.06 | $270,900 |
| 25 February 2026 | PANKOPF TONIA L Director | Bought | 44 | $16.94 | $751 |
| 25 February 2026 | Lilien R Jarrett President and COO | Sold under a preset trading plan | 30,000 | $16.84 | $505,200 |
| 2 December 2025 | Yates David M Chief Information Officer | Sold | 6,820 | $11.13 | $75,907 |
| 26 November 2025 | PANKOPF TONIA L Director | Bought | 68 | $11.05 | $749 |
| 25 November 2025 | Lilien R Jarrett President and COO | Sold under a preset trading plan | 12,500 | $11.01 | $137,625 |
| 12 November 2025 | Lilien R Jarrett President and COO | Sold under a preset trading plan | 25,000 | $11.77 | $294,250 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
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
Your first deep dive is free.
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.