SCHEDULE: Dodge & Cox Boosts Fiserv Stake to 7.1%

Investment adviser Dodge & Cox has reported a 7.1% beneficial ownership stake in financial technology giant Fiserv, Inc. as of September 30, 2025.

Summary

• Dodge & Cox, an investment adviser based in California, beneficially owns 38,634,009 shares of Fiserv, Inc. Common Stock.
• This ownership represents 7.1% of Fiserv's outstanding common stock.
• Dodge & Cox holds sole voting power over 36,698,484 shares.
• Dodge & Cox holds sole dispositive power over all 38,634,009 shares.
• The shares are held in the ordinary course of business for clients, including registered investment companies and other managed accounts, and not for the purpose of influencing control of the issuer.

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. A large, passive stake by a respected institutional investor like Dodge & Cox is generally viewed favorably, indicating confidence in the company without suggesting activist intentions.

Positives

• A significant stake by a reputable investment adviser like Dodge & Cox can signal institutional confidence in Fiserv's long-term prospects and management.
• The substantial sole voting and dispositive power indicates a firm commitment to the investment strategy for their clients.

Risks

• The filing itself does not detail specific risks related to Fiserv, Inc. or its operations, as it is a disclosure of ownership.

Future Outlook

This filing is a disclosure of current ownership and does not contain forward-looking statements or guidance from Fiserv, Inc. or Dodge & Cox regarding future performance.

Industry Context

Dodge & Cox is a well-known institutional investment manager. Their significant stake in Fiserv, a leading global provider of financial services technology solutions, underscores continued institutional interest in the fintech sector. Such large holdings by long-term oriented investors can be viewed as a positive indicator for the company's stability and growth potential within the competitive financial technology landscape.

Stakeholder Impact

• Shareholders: Increased transparency regarding significant institutional ownership, potentially reinforcing confidence in the stock.
• Company Management: Awareness of a large, passive institutional holder, which typically implies a focus on long-term value creation rather than short-term activism.

Key Dates

Keywords

Fiserv, Dodge & Cox, Investment Adviser, Institutional Ownership, Common Stock, Financial Technology, FISV, Schedule 13G, Beneficial Ownership