Major Superinvestors Increase Stakes in Fiserv (FISV)

According to the latest 13F filings, several top investors increased their holdings in Fiserv Inc. (FISV) this quarter, underscoring rising confidence in the company’s payments ecosystem, sticky recurring revenue, and durable free-cash-flow profile. Below are the most notable additions from the period:

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AQR Capital Management LLC (Cliff Asness)

Shares: 1,560,988  Change: +1,166,433  Value: $0.20B
Cliff Asness made the largest move among superinvestors this quarter, adding more than 1.16 million shares. The scale of this increase reflects strong quantitative support for Fiserv’s high-margin merchant acceptance business, network advantages, and consistent mid-teens cash-flow compounding.

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Bridgewater Associates, LP (Ray Dalio)

Shares: 1,593,157  Change: +331,284  Value: $0.21B
Ray Dalio boosted Bridgewater’s position by 331,284 shares, signaling greater exposure to stable, fee-driven financial technology. The move fits Bridgewater’s macro-balanced framework, where FI’s diversified revenue base and inflation-resistant pricing make it an attractive long-term holding.

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Gotham Asset Management, LLC (Joel Greenblatt)

Shares: 210,376  Change: +110,574  Value: $0.03B
Joel Greenblatt increased Gotham’s stake by over 110,000 shares. Fiserv’s steady ROIC, strong moat characteristics, and predictable cash generation align closely with Gotham’s value-plus-quality strategy.

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Ariel Appreciation Fund (John W. Rogers Jr.)

Shares: 133,940  Change: +36,056  Value: $0.02B
John Rogers added 36,056 shares, reinforcing Ariel’s bias toward businesses with sustained competitive advantages and recurring demand. Fiserv’s core processing and payments infrastructure fit the profile of a durable, long-duration compounder.

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Olstein Capital Management, L.P. (Rob Olstein)

Shares: 58,000  Change: +26,500  Value: $0.00B
Rob Olstein increased his position by 26,500 shares, consistent with his focus on companies where strong fundamentals are temporarily masked by market uncertainty. FI’s resilient cash-flow engine makes it a natural fit for Olstein’s intrinsic-value methodology.

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GAMCO Investors, Inc. ET AL (Mario Gabelli)

Shares: 13,775  Change: +8,575  Value: $0.00B
Mario Gabelli added 8,575 shares, reflecting continued confidence in FI’s network economics and mission-critical role in digital payments.

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Giverny Capital Inc. (François Rochon)

Shares: 651,257  Change: +2,683  Value: $0.08B
François Rochon modestly increased his position. The incremental buying is consistent with his long-term focus on high-quality businesses capable of growing intrinsic value steadily over time.

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Fisher Asset Management, LLC (Ken Fisher)

Shares: 2,835  Change: +749  Value: $0.00B
Ken Fisher added 749 shares, maintaining steady accumulation in a resilient fintech franchise benefiting from secular digital-payment adoption.

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New Positions

Appaloosa LP (David Tepper)

Shares: 925,000  Change: NEW POSITION  Value: $0.12B
David Tepper established a sizable new position in Fiserv — one of the most consequential entries of the quarter. Tepper’s move signals conviction in FI’s scalable infrastructure, expanding merchant network, and robust free-cash-flow trajectory.