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

Core Insights - Broyhill Asset Management reported a 3.7% net appreciation in its Broyhill Partners fund for Q2 2025, underperforming the MSCI All Country World Index which returned 11.7% during the same period [1] - The fund's six-month return was 6.6%, compared to 10.3% for the index [1] Company Analysis: Fiserv, Inc. (NYSE:FI) - Fiserv, Inc. experienced a one-month return of -4.88% and a 52-week decline of 25.19%, with a market capitalization of $72.227 billion as of September 18, 2025 [2] - The stock price closed at $132.87 per share on September 18, 2025 [2] - Broyhill Asset Management noted a 22% decline in Fiserv's shares during the quarter, attributing it to market concerns over slowing growth in its Clover point-of-sale system [3] - Despite recent weaknesses, Fiserv has been a top holding and contributor for Broyhill since 2021, with the firm increasing its position after shares traded at historically low multiples [3] - Fiserv's adjusted revenue grew 8% to $5.2 billion in Q2 2025, indicating potential for growth despite current market challenges [4] - The number of hedge funds holding Fiserv increased from 72 to 94 in the second quarter of 2025, suggesting growing interest among institutional investors [4]