Core Insights - Bailard Technology Strategy generated a net return of 9.36% in Q3 2025, underperforming compared to the S&P North American Technology Index (13.14%), Morningstar U.S. Open-End Technology Categories (11.64%), and Lipper Science and Technology Fund Index (11.19%) [1] - The quarter showed improved technology fundamentals driven by structural demand trends and evolving regulations across key verticals [1] Company-Specific Insights - Fiserv, Inc. (NASDAQ:FISV) is highlighted as a leading financial technology company, with a one-month return of 7.67% but a significant 52-week loss of 67.28%, closing at $67.50 per share with a market capitalization of $36.693 billion [2] - Fiserv's recent underperformance is attributed to challenges in its core consumer-facing business segment, leadership transition, product launch delays, and underperformance in Merchant Solutions, leading to downward revisions in FY25 revenue and margin guidance [3] - Despite being held by 83 hedge fund portfolios at the end of Q3 2025, down from 94 in the previous quarter, the company is not considered among the 30 most popular stocks among hedge funds [4]
Here’s What Weighed on Fiserv’s (FISV) Performance