Here’s Why Fiserv (FI) Declined 22% in Q2

Broyhill Asset Management, an investment advisor, released its second-quarter 2025 investor letter. A copy of the letter can be downloaded here. Broyhill Partners appreciated 3.7% net of all fees and expenses in the second quarter, building on first-quarter gains, but falling short of the strong rally across global markets. The MSCI All Country World Index returned 11.7% for the second quarter. During the six months ended June 30, the strategy returned 6.6%, net of all fees and expenses, compared to 10.3% for the index. In addition, you can check the fund’s top 5 holdings to determine its best picks for 2025.

In its second-quarter 2025 investor letter, Broyhill Asset Management highlighted stocks such as Fiserv, Inc. (NYSE:FI). Fiserv, Inc. (NYSE:FI) is a payment and fintech services provider. The one-month return of Fiserv, Inc. (NYSE:FI) was -4.88%, and its shares lost 25.19% of their value over the last 52 weeks. On September 18, 2025, Fiserv, Inc. (NYSE:FI) stock closed at $132.87 per share, with a market capitalization of $72.227 billion.

Broyhill Asset Management stated the following regarding Fiserv, Inc. (NYSE:FI) in its second quarter 2025 investor letter:

“Shares of Fiserv, Inc. (NYSE:FI) declined 22% during the quarter as the market became increasingly concerned about slowing growth at its point-of-sale system Clover. Despite recent weakness, our investment in Fiserv has been both a top holding and top contributor since 2021. After trimming our position as shares approached fair value last year, we began rebuilding our investment after a weak first half of the year. With shares trading at multiples lower than any other point in the last ten years despite entrenched competitive positioning, double-digit growth, and forthcoming share repurchases, we were happy to further increase the position following this report. We know this business well and do not believe it is worth anywhere near the 12–13x earnings the market is currently ascribing to it.”

In another article, we covered Fiserv, Inc. (NYSE:FI) and shared the list of top large cap stocks to buy at 52-week lows. Renaissance Large Cap Growth Strategy reiterated the same explanation for Fiserv, Inc.’s (NYSE:FI) decline in Q2 2025 investor letter. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.