Matrix Asset Advisorsan asset management firm, published its Q4 2025 investor letter. A copy of the letter can be downloaded here. The stock market reached a new all-time high in the fourth quarter of 2025, rising +2.66%. Three-quarters of a point interest rate cuts by the Federal Reserve, strong corporate results and continued AI momentum fueled investor optimism. The S&P 500 index posted its third consecutive year of double-digit gains, returning +17.88% in 2025. Matrix’s equity portfolios posted double-digit gains in 2025 and positive results in the fourth quarter. Matrix’s large-cap value (LCV) portfolio returned 20% in 2025, outperforming the S&P 500. Matrix’s fixed income returns, excluding long-term bonds, were slightly positive in the fourth quarter, and for the year, returns were up in the mid- and high-single digits, by maturity. Entering 2026, the firm maintains a cautious and optimistic view on the economy and the market. Review the company’s top five holdings to learn about its key picks for 2025.

In its Q4 2025 letter to investors, Matrix Asset Advisors highlighted Fiserv, Inc. (NASDAQ:FISV). Based in Milwaukee, Wisconsin, Fiserv, Inc. (NASDAQ:FISV) is a leading financial technology company. On February 10, 2026, shares of Fiserv, Inc. (NASDAQ:FISV) closed at $62.59 per share. One month profitability of Fiserv, Inc. (NASDAQ:FISV) was -7.27% and its shares are down 72.52% over the last twelve months. Fiserv, Inc. (NASDAQ:FISV) has a market cap of $34.02 billion.

Matrix Asset Advisors stated the following regarding Fiserv, Inc. (NASDAQ:FISV) in its Q4 2025 letter to investors:

“On the sales side, we got out of position Fiserv, Inc. (NASDAQ: FISV ) after a surprise earnings miss and sharply reduced earnings guidance from the company’s new CEO on the third-quarter call. The new CEO, who officially took on the role in July after joining the company at the end of 2024, explained that after a comprehensive review of the business, the company’s short-term focus, underinvestment, poor financial oversight and overly optimistic targets failed. This update called into question the company’s historical financial reports that underpinned our valuation work. While this is a very disappointing result, it highlights the importance of diversification. Despite this loss, the portfolio had a very strong year.”

Fiserv, Inc. (NASDAQ:FISV) is not on our list The 30 most popular stocks among hedge funds. According to our database, 83 hedge fund portfolios held Fiserv, Inc. (NASDAQ:FISV) at the end of the third quarter, compared to 94 in the previous quarter. While we recognize the potential of Fiserv, Inc. (NASDAQ:FISV) as an investment, we believe some AI stocks offer greater upside potential and less downside risk. If you’re looking for an extremely undervalued AI stock that will also benefit significantly from Trump-era tariffs and the onshoring trend, check out our free report on the best short term AI stock.