Bailard Inc., an investment management company, released its third-quarter 2025 investor letter for “Bailard Technology Strategy”. A copy of the letter can be downloaded here. The strategy generated 9.36% net of fees in the quarter compared to the S&P North American Technology Index’s 13.14% return, the Morningstar U.S. Open-End Technology Categories’ 11.64% return, and the Lipper Science and Technology Fund Index’s 11.19% gain. The quarter showed improved technology fundamentals following the Q2 market rebound, driven by structural demand trends and evolving regulations across key verticals. In addition, please check the fund’s top five holdings to know its best picks in 2025.
In its third-quarter 2025 investor letter, Bailard Technology Strategy highlighted stocks such as Fiserv, Inc. (NASDAQ:FISV). Fiserv, Inc. (NASDAQ:FISV) is a leading financial technology company that provides payment and fintech services. The one-month return of Fiserv, Inc. (NASDAQ:FISV) was 7.67%, and its shares lost 67.28% of their value over the last 52 weeks. On December 26, 2025, Fiserv, Inc. (NASDAQ:FISV) stock closed at $67.50 per share, with a market capitalization of $36.693 billion.
Bailard Technology Strategy stated the following regarding Fiserv, Inc. (NASDAQ:FISV) in its third quarter 2025 investor letter:
“A fintech company held in the Strategy continued to struggle within a core consumer facing business segment and guided below expectations for the second half of 2025. The company’s recent underperformance is counter to its history of strong execution. Fiserv, Inc. (NASDAQ:FISV) (-52 bps; -25.22%) – Performance was marred by leadership transition, product launch delays, and underperformance in Merchant Solutions. Downward revisions in FY25 revenue and margin guidance weighed further.”
Fiserv, Inc. (NASDAQ:FISV) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 83 hedge fund portfolios held Fiserv, Inc. (NASDAQ:FISV) at the end of the third quarter, which was 94 in the previous quarter. While we acknowledge the potential of Fiserv, Inc. (NASDAQ:FISV) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In another article, we covered Fiserv, Inc. (NASDAQ:FISV) and shared the list of best digital payments stocks to invest in. In addition, please check out our hedge fund investor letters Q3 2025 page for more investor letters from hedge funds and other leading investors.
