2026년 2월 18일 · Unknown · financial · 출처 Yahoo Finance
This article first appeared on GuruFocus.
Exploring the Strategic Investment Decisions of a Renowned Value Investor
Jeff Auxier (Trades, Portfolio) recently submitted the 13F filing for the fourth quarter of 2025, providing insights into his investment moves during this period. Jeff Auxier (Trades, Portfolio) is the founder and CEO of Auxier Asset Management as well as the manager of the Auxier Focus Fund. The firm manages the Auxier Focus Fund as well as separate managed accounts for clients. Auxier's strategy is to look for compelling, undervalued companies that ideally exhibit the following attributes: strong or improving fundamentals, consistency in operating results, a substantial advantage over competition (strong franchise), a demonstrated ability to earn high rates of return on capital, understandable products, honest, competent and shareholder-oriented management, intelligent capital allocation policies, generates substantial free cash flow with nominal mandatory capital requirements, a strong balance sheet and financial flexibility. The investment candidates are then screened to determine what price represents good value with acceptable, low risk and the potential for above average returns.
Warning! GuruFocus has detected 2 Warning Sign with MSFT. Is MSFT fairly valued? Test your thesis with our free DCF calculator.Fiserv Inc: A Significant Move in Jeff Auxier's Portfolio
Summary of New Buy
Jeff Auxier (Trades, Portfolio) added a total of 9 stocks, among them:
The most significant addition was Capital One Financial Corp (NYSE:COF), with 1,590 shares, accounting for 0.05% of the portfolio and a total value of $385,350. The second largest addition to the portfolio was The Magnum Ice Cream Co NV (NYSE:MICC), consisting of 22,086 shares, representing approximately 0.05% of the portfolio, with a total value of $350,060. The third largest addition was Andersons Inc (NASDAQ:ANDE), with 3,802 shares, accounting for 0.03% of the portfolio and a total value of $202,150.
Key Position Increases
Jeff Auxier (Trades, Portfolio) also increased stakes in a total of 19 stocks, among them:
The most notable increase was Fiserv Inc (NASDAQ:FISV), with an additional 34,525 shares, bringing the total to 47,965 shares. This adjustment represents a significant 256.88% increase in share count, a 0.32% impact on the current portfolio, with a total value of $3,221,810. The second largest increase was Amazon.com Inc (NASDAQ:AMZN), with an additional 5,525 shares, bringing the total to 16,281. This adjustment represents a significant 51.37% increase in share count, with a total value of $3,757,980.
Story Continues
Summary of Sold Out
Jeff Auxier (Trades, Portfolio) completely exited 8 of the holdings in the fourth quarter of 2025, as detailed below:
Organon & Co (NYSE:OGN): Jeff Auxier (Trades, Portfolio) sold all 34,299 shares, resulting in a -0.05% impact on the portfolio. Stryker Corp (NYSE:SYK): Jeff Auxier (Trades, Portfolio) liquidated all 755 shares, causing a -0.04% impact on the portfolio.
Key Position Reduces
Jeff Auxier (Trades, Portfolio) also reduced positions in 116 stocks. The most significant changes include:
Reduced Bank of New York Mellon Corp (NYSE:BK) by 18,965 shares, resulting in a -8.88% decrease in shares and a -0.29% impact on the portfolio. The stock traded at an average price of $110.71 during the quarter and has returned 11.76% over the past 3 months and 2.79% year-to-date. Reduced WaFd Inc (NASDAQ:WAFD) by 42,690 shares, resulting in a -32.61% reduction in shares and a -0.18% impact on the portfolio. The stock traded at an average price of $30.9 during the quarter and has returned 13.02% over the past 3 months and 4.01% year-to-date.
Portfolio Overview
At the fourth quarter of 2025, Jeff Auxier (Trades, Portfolio)'s portfolio included 177 stocks, with top holdings including 6.68% in Microsoft Corp (NASDAQ:MSFT), 4.67% in Philip Morris International Inc (NYSE:PM), 3.93% in Alphabet Inc (NASDAQ:GOOGL), 3.18% in Bank of New York Mellon Corp (NYSE:BK), and 3.14% in The Kroger Co (NYSE:KR).Fiserv Inc: A Significant Move in Jeff Auxier's Portfolio
The holdings are mainly concentrated in 10 of all the 11 industries: Financial Services, Consumer Defensive, Healthcare, Technology, Consumer Cyclical, Communication Services, Industrials, Energy, Basic Materials, and Real Estate.
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