Artisan Partners, an investment management company, released its fourth-quarter 2025 investor letter for “Artisan Value Fund”. A copy of the letter can be downloaded here. The Fund seeks to invest in undervalued companies with strong financial condition and attractive business economics. US equities ended a record year with robust fourth-quarter gains. AI remains the main theme of the market, and large-cap stocks led the rally in the fourth quarter. Against this backdrop, the portfolio outperformed the Russell 1000® Value Index in Q4 and returned 4.60% compared to 3.81% for the Index. In 2025, it returned 14.28% vs. 15.91% for the index. Over three, five, and ten years, the portfolio outperformed the index, reflecting its effective investment discipline. Please review the Fund’s top five holdings to gain insights into their key selections for 2025.
In its fourth-quarter 2025 investor letter, Artisan Value Fund stocks like Fiserv, Inc. (NASDAQ:FISV). Fiserv, Inc. (NASDAQ:FISV) is an American financial technology company that provides technology services and solutions. On March 13, 2026, Fiserv, Inc. (NASDAQ:FISV) stock closed at $56.74 per share. One-month return of Fiserv, Inc. (NASDAQ:FISV) was -4.41%, and its shares gained 73.99% over the past 52 weeks. Fiserv, Inc. (NASDAQ:FISV) has a market capitalization of $30.518 billion.
Artisan Value Fund stated the following regarding Fiserv, Inc. (NASDAQ:FISV) in its fourth quarter 2025 investor letter:
“Our biggest detractors were payments and financial technology companies Fiserv and PayPal Holdings. Fiserv’s shares tanked after the company significantly missed earnings expectations and slashed its full-year guidance. Management also announced several changes to its management team and a strategic shift, which added to uncertainty about execution and future growth. CEO Mike Lyons, who joined Fiserv in January 2025 and became CEO in May, cited prior management’s overly optimistic growth targets and decisions to defer investments and cut costs, which boosted margins in the short term but compromise edits technology and product development. Given the limited visibility into the issues causing deceleration across its merchant acceptance and financial solutions segments and unresolved questions regarding management’s credibility, we chose to exit our position in favor of other opportunities.”
Fiserv, Inc. (NASDAQ:FISV) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 83 hedge fund portfolios held Fiserv, Inc. (NASDAQ:FISV) at the end of the fourth quarter, up from 23 in the previous quarter. While we acknowledge the potential of Fiserv, Inc. (NASDAQ:FISV) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
