Maplelane’s Top 5 Stock Holdings

3. Fiserv, Inc. (NASDAQ: FISV)

Maplelane Capital took advantage of the underperformance of Fiserv, Inc. (NASDAQ: FISV) shares during 2020. The hedge fund has created a big position in the second quarter and added to its existing position during the third quarter.

Oakmark Fund’s Portfolio Manager Bill Nygren explained Fiserv deserves to be included in his value picks. Here is what Bill Nygren stated:

“If you look out just a couple of years and give them full credit for the synergies that they expect in expense savings that they record from the First Data acquisition, that multiple falls from about 20x down to 16x. And then further, there’s a business inside of Fiserv that accounts for less than 5% of its revenues: Clover.” Nygren mentioned that financial firm Square Inc., trades in the public market for more than all of Fiserv’s market cap but Clover, which has a lot of similarities to the business of Square, actually processes more volume.”