Renaissance Investment Management released its Q2 2025 investor letter, noting significant stock market volatility. The S&P 500 hit an all-time high despite a 7% drop due to the liberation day tariff announcement. Large caps outperformed small caps, with the strategy slightly underperforming the Russell 1000 Growth benchmark.

In Q2 2025, Renaissance Large Cap Growth Strategy highlighted Fiserv, Inc. (NYSE:FI), a fintech services provider. Fiserv had a one-month return of 3.09% and a 20.88% loss over 52 weeks, closing at $136.41 per share on September 09, 2025, with a $74.15 billion market cap.

Fiserv, Inc. (NYSE:FI) was the largest detractor from portfolio performance in Q2 2025, despite exceeding revenue growth expectations. The stock underperformed due to slowing growth in its merchant acceptance segment, notably in the Clover product. However, stability in the core merchant segment is encouraging.

Fiserv, Inc. (NYSE:FI) was not among the 30 most popular stocks among hedge funds in Q2 2025. 94 hedge fund portfolios held Fiserv, Inc. (NYSE:FI), up from 72 in the previous quarter. Fiserv’s adjusted revenue grew 8% to $5.2 billion, but certain AI stocks may offer greater upside potential.

Read more at Yahoo Finance: Fiserv (FI) Slid on Slower Growth in Its Merchant Acceptance Segment