Workiva (WK) Holds Top Investment Position in Lakehouse Global Growth Fund

3 weeks ago 8

Soumya Eswaran

Mon, April 6, 2026 astatine 8:09 AM CDT 4 min read

Lakehouse Capital, a Sydney-based concern manager, published its “Lakehouse Global Growth Fund” capitalist missive for November 2025. The period was characterized by important volatility successful the planetary equity market, on with persistent enthusiasm for Generative AI. A transcript of the missive is disposable to download here. Over the past year, the prevailing “risk-on” marketplace sentiment has led to a diminution successful the Fund’s quality-growth benignant of investing. Although the portfolio's marketplace worth has decreased implicit the past year, the underlying maturation fundamentals stay strong. For the month, the Fund posted a instrumentality of -7.5% aft fees and expenses, portion its benchmark, the MSCI All Country World Index Net Total Returns (AUD), returned -0.2%. Since its inception successful December 2017, the Fund returned 208.5%, surpassing its benchmark's 163.8%. In addition, delight cheque the Fund’s apical 5 holdings to cognize its champion picks successful 2025.

In its fourth-quarter 2025 capitalist letter, Lakehouse Global Growth Fund highlighted stocks similar Workiva Inc. (NYSE:WK). Workiva Inc. (NYSE:WK) is simply a bundle institution that provides cloud-based reporting solutions for fiscal reporting, compliance, and hazard management. On April 2, 2026, Workiva Inc. (NYSE:WK) closed astatine $60.00 per share. One-month instrumentality of Workiva Inc. (NYSE:WK) was -7.55%, and its shares mislaid 11.20% implicit the past 52 weeks. Workiva Inc. (NYSE:WK) has a marketplace capitalization of $3.41 billion.

Lakehouse Global Growth Fund stated the pursuing regarding Workiva Inc. (NYSE:WK) successful its 4th fourth 2025 capitalist letter:

"Workiva Inc. (NYSE:WK) has precocious go a apical 5 presumption successful our portfolio, reflecting our condemnation successful its relation arsenic the planetary modular for analyzable firm reporting. The institution has successfully expanded from its roots successful SEC compliance to go a comprehensive, multi-category SaaS level spanning fiscal reporting, ESG, and Governance, Risk, and Compliance (GRC). This captious relation is evidenced by its dominance among the world's largest enterprises, counting 95% of the Fortune 100 and 89% of the Fortune 500 arsenic customers. Workiva’s solution is profoundly embedded successful these ample enterprises owed to the strictly regulated quality of the work, resulting successful a highly sticky merchandise with a 97% gross retention complaint and a nett gross retention complaint of 114%. Despite this traction, the runway for maturation remains substantial; the institution has a 2.5% penetration of the US$35 cardinal full addressable market, which continues to turn arsenic the planetary request for transparent, audit-ready reporting standards continues to rise.

We spot a way for Workiva to compound worth done some continued maturation and important borderline expansion. Management has actively invested successful improving their go-to-market motion, refining pricing packages to seizure much value, and expanding relationships with ecosystem partners to thrust multi merchandise adoption. The institution is successfully leveraging its incumbent presumption successful concern to cross-sell its broader suite of solutions, a strategy validated by a 42% summation successful customers with an Annual Contract Value (ACV) of implicit US$500k successful the latest quarter. These initiatives are opening to carnivore fruit, yet the banal remains attractively valued astatine conscionable 5.1x guardant EV/Revenue. With absorption guiding for operating margins to astir treble to 18% implicit the adjacent 2 years, we judge the existent valuation underestimates the company’s imaginable for profitable growth."

Read Entire Article