The Mairs & Power, an investment firm, released the first-quarter 2026 investor letter for the “Mairs & Power Balanced Fund.” A copy of the letter can be downloaded here. The fund returned -1.77% in the first quarter of 2026, outperforming its benchmark composite index decline of -2.68% as strong stock selection and exposure to Utilities and Industrials helped offset market volatility triggered by the Iran conflict and rising energy prices. The fund said inflation concerns resurfaced after Middle East tensions pushed oil prices higher, causing the Federal Reserve to adopt a more cautious stance on interest rates. Despite the uncertain backdrop, the firm maintained a constructive long-term outlook, citing resilient corporate earnings, improving small-cap trends, and attractive opportunities in reasonably valued sectors such as Utilities, Industrials, and Health Care. In addition, you can check the Fund’s top five holdings to determine its best picks for 2026.
In its first-quarter 2026 investor letter, Mairs & Power Balanced Fund highlighted stocks like Fiserv, Inc. (NYSE:FISV). Fiserv, Inc. (NYSE:FISV) is a financial technology company providing payment processing, banking software, and digital commerce solutions to businesses and financial institutions. The one-month return of Fiserv, Inc. (NYSE:FISV) was -0.70% while its shares traded between $52.17 and $177.36 over the last 52 weeks. On June 1, 2026, Fiserv, Inc. (NYSE:FISV) stock closed at approximately $59.05 per share, with a market capitalization of about $30.46 billion.
Mairs & Power Balanced Fund stated the following regarding Fiserv, Inc. (NYSE:FISV) in its Q1 2026 investor letter:
“The Financial sector also weighed on performance due to our overweight allocation as well as unfavorable security selection. Fiserv (NYSE:FISV) continues to face issues with its Clover product, a cloud-based payment platform, which has caused decelerating growth.”
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Fiserv, Inc. (NYSE:FISV) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. As per our database, 83 hedge fund portfolios held Fiserv, Inc. (NYSE:FISV) at the end of the fourth quarter, which was 83 in the previous quarter. While we acknowledge the risk and potential of Fiserv, Inc. (NYSE:FISV) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than Fiserv, Inc. (NYSE:FISV) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Fiserv, Inc. (NYSE:FISV) and shared the list of cheap NASDAQ stocks to buy right now. In addition, please check out our hedge fund investor letters Q1 2026 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.
