Core Insights - The Mairs & Power Balanced Fund reported a return of 6.47% in the first nine months of 2025, underperforming benchmark indexes which increased by 11.35% and 10.73% respectively [1] - The market remains concentrated with a few mega-cap stocks, particularly in the AI sector, driving most favorable outcomes [1] Fund Performance - The fund's performance was negatively impacted by adverse stock selection despite an overweight position in the Financials sector [3] - The fund's top five holdings can provide insights into its best investment picks for 2025 [1] Company Focus: Fiserv, Inc. - Fiserv, Inc. (NASDAQ:FISV) is highlighted as a key stock, with a one-month return of 3.16% but a significant decline of 67.50% over the past 52 weeks [2] - As of December 10, 2025, Fiserv's stock closed at $66.57, with a market capitalization of $36.187 billion [2] Guidance and Market Sentiment - Fiserv revised its guidance lower for its Clover product, which is crucial for its growth in merchant acceptance, impacting stock performance significantly [3] - Despite the challenges, there remains confidence in Fiserv's future potential [3] Hedge Fund Interest - Fiserv is not among the top 30 most popular stocks among hedge funds, with 83 hedge fund portfolios holding the stock at the end of Q3, down from 94 in the previous quarter [4] - There is a belief that certain AI stocks may offer better upside potential and lower downside risk compared to Fiserv [4]
Should You Be Confident in Fiserv (FISV)?