Fiserv attracted hot money ahead of 44% stock-price nosedive
By Steve Goldstein
Fiserv was a popular stock for hedge funds.
Fiserv, the fintech whose stock dived 44% on Wednesday after a profit warning, was bought by hedge funds who actively trade stocks prior to the collapse.
Goldman Sachs's hedge-fund monitor, based on 13-F filings from 981 hedge funds, found 33 hedge funds buying into Fiserv (FI) between April and June, to take the total to 107.
Only five other companies, led by Capital One Financial (COF), saw a bigger increase in hedge-fund ownership.
Fiserv also made a Goldman Sachs-compiled list of stocks that mutual-fund managers were overweight. Value manager Dodge & Cox was the number-two shareholder, and Fiserv was the fifth-largest holding of the Dodge & Cox Stock Fund DODGX, according to FactSet.
The 13-F filings of course do not indicate what those funds did prior to the warning. Some probably exited: the stock did fall some 30% between the end of June and the profit warning.
-Steve Goldstein
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10-30-25 0449ET
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