Portfolio Adjustments
Rice Hall James & Associates Actively Rebalances Portfolio, Boosting Stakes in CMRC, LCI, and Adding Gulfport
Key Points
For Commerce.com (CMRC), Rice Hall bought 221,367 shares (~$912,000) and the article notes institutional ownership at 79.21%, alongside multiple other hedge funds making new purchases of specific size (e.g., Geode Capital Management ~ $6.605M; Marshall Wace ~ $6.188M; State Street ~ $5.867M).
Commerce.com analyst coverage in the article lists both downgrades and upgrades with explicit targets/ratings: Weiss Ratings reiterated “sell (e+),” Barclays boosted its price target from $2.00 to $3.00 while keeping an “underweight” rating, and Needham set a $7.50 price target with a “buy” rating.
For LCI Industries (LCII), the article highlights not just Rice Hall’s 11% increase but also other institutions’ activity and the scale of ownership: institutional investors own 99.71% of LCII, and CANADA LIFE ASSURANCE Co increased its stake by 4.0% to 23,255 shares (~$2.822M) while Inspire Advisors raised its position by 5.3% to 31,174 shares (~$3.783M).
For Gulfport Energy (GPOR), the article provides company leverage/liquidity and trading metrics beyond the summary: debt-to-equity is 0.46, current and quick ratios are both 0.56, the stock’s P/E is 5.52 with beta of 0.41, and shares opened at $161.58 on Tuesday.
For Wix.com (WIX), the article specifies portfolio context and relative size: Wix.com represents 1.4% of Rice Hall’s portfolio and is the fund’s 20th biggest position, with Rice Hall holding 250,084 shares after adding 48,098 shares (value ~$25.981M).
Rice Hall James & Associates LLC has significantly reshuffled its portfolio, making its biggest single bet on Wix.com (WIX) by boosting its stake 24% to 250,084 shares worth roughly $26 million, according to MarketBeat. The SMID-cap specialist also opened a brand-new position in Gulfport Energy, raised its Commerce.com stake, bought shares of an iShares small-cap ETF, and added to LCI Industries — all moves reflecting a deliberate tilt toward undervalued, smaller companies.
The disclosures came from 13F filings made by May 15, 2026, covering positions held as of March 31, according to Fintel. Taken together, they paint a picture of a firm betting that smaller-cap stocks — in tech, energy, and industrials — are due for a rebound.
Wix.com Becomes Rice Hall's 20th Largest Position
Rice Hall James added 48,098 shares of Wix.com, bringing its total to 250,084 shares valued at about $25.98 million, according to MarketBeat. Wix now makes up 1.4% of the firm's entire portfolio. That makes it the fund's 20th biggest holding — a meaningful commitment for a firm focused on smaller companies.
The timing is notable. Wix.com announced a 20% workforce reduction — roughly 1,000 employees — on May 28, 2026, according to Seeking Alpha. The company framed the cuts as a way to "reallocate resources to support top strategic priorities." Wix also confirmed $420 million in free cash flow guidance and a $2 billion share repurchase program via a Form 6-K filing on June 8. Analysts at Zacks see the layoffs as a painful but necessary "pivot to profitability" that the market is rewarding.
Commerce.com Stake Grows Amid Hostile Takeover Battle
Rice Hall James bought 221,367 shares of Commerce.com (CMRC) worth about $912,000, according to MarketBeat. It joined a wave of institutional buyers. Geode Capital Management added roughly $6.6 million worth of CMRC shares. Marshall Wace added about $6.2 million. State Street added $5.9 million. Total institutional ownership now stands at 79.21%.
The backdrop is a hostile takeover fight. On April 8, 2026, Rezolve Ai (RZLV) sent an open letter to CMRC shareholders calling out "severe mismanagement" and a 96% stock drop since the company's 2020 IPO, according to Investing.com. CMRC responded with a Shareholder Rights Plan — a so-called "poison pill" — to block the deal. Analyst views are sharply split: Needham holds a "buy" rating with a $7.50 target, Barclays keeps an "underweight" rating despite raising its target from $2.00 to $3.00, and Weiss Ratings issued a flat "sell" call.
New Gulfport Energy Stake Targets Deep-Value Energy Play
Rice Hall James opened a brand-new position in Gulfport Energy (GPOR), buying about 20,000 shares worth roughly $4.2 million, according to MarketBeat. Shares opened at $161.58 on June 16. The stock trades at a price-to-earnings ratio of just 5.52 — meaning investors pay about $5.52 for every $1 of earnings. That is very cheap by market standards.
Gulfport also carries a beta of just 0.41, according to GuruFocus. Beta measures how much a stock moves relative to the broader market. A beta below 1.0 means the stock is less volatile than average. For Rice Hall James, that low volatility makes GPOR a steady hedge against wider market swings. The company's debt-to-equity ratio sits at 0.46, and its Q4 2025 earnings came in at $5.60 per share, narrowly missing estimates.
LCI Industries and Small-Cap ETF Round Out the Rebalancing
Rice Hall James lifted its LCI Industries (LCII) stake by 11% to roughly 102,000 shares, valued at about $12.4 million, according to MarketBeat. Other institutions followed a similar path. Canada Life Assurance Co raised its LCII position 4.0% to 23,255 shares worth $2.82 million. Inspire Advisors lifted its stake 5.3% to 31,174 shares worth $3.78 million. Institutional investors now own a remarkable 99.71% of LCII's outstanding shares.
The firm also made a fresh $4.3 million purchase of the iShares Russell 2000 ETF, which tracks small-cap U.S. stocks, according to Fintel. That move signals Rice Hall James expects smaller companies to outperform larger ones. Analysts at WhaleWisdom note that near-total institutional ownership of LCII — while a sign of confidence — can create a "liquidity trap" for retail investors if large holders decide to exit at the same time.
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