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Dodge & Cox reports beneficial ownership of 49,474,622 shares of Fiserv, Inc. common stock, representing 9.2% of the class as of 12/31/2025. It has sole voting power over 46,768,972 shares and sole dispositive power over 49,474,622 shares, with no shared voting or dispositive power.
The filing states the securities are held in the ordinary course of business, not for the purpose of changing or influencing control of Fiserv. Clients of Dodge & Cox, including Dodge & Cox Stock Fund, have rights to dividends and sale proceeds; Dodge & Cox Stock Fund holds 31,869,400 shares, or 5.9% of the class.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What percentage of Fiserv (FI) does Dodge & Cox report owning?
Dodge & Cox reports beneficial ownership of 9.2% of Fiserv’s common stock. This corresponds to 49,474,622 shares as of December 31, 2025, making Dodge & Cox a significant institutional holder under U.S. securities disclosure rules.
How many Fiserv (FI) shares does Dodge & Cox have voting power over?
Dodge & Cox has sole voting power over 46,768,972 shares of Fiserv common stock. It reports no shared voting power, highlighting that voting decisions for these shares are controlled solely by Dodge & Cox rather than jointly with other parties.
What is the total number of Fiserv (FI) shares Dodge & Cox can dispose of?
Dodge & Cox reports sole dispositive power over 49,474,622 shares of Fiserv, with no shared dispositive power. Dispositive power means the ability to decide whether and when to sell or otherwise dispose of those shares on behalf of its clients.
How large is Dodge & Cox Stock Fund’s position in Fiserv (FI)?
Dodge & Cox Stock Fund holds 31,869,400 Fiserv shares, representing 5.9% of the common stock class. The fund is an investment company managed by Dodge & Cox and is one of the underlying clients benefitting from this Fiserv position.
Is Dodge & Cox seeking to influence control of Fiserv (FI) with this stake?
Dodge & Cox certifies the Fiserv shares were acquired and are held in the ordinary course of business. It states they were not acquired to change or influence control of Fiserv, consistent with a passive institutional investment stance.
Who ultimately benefits from Dodge & Cox’s Fiserv (FI) holdings?
The clients of Dodge & Cox, including registered investment companies and other managed accounts, have rights to dividends and sale proceeds. Dodge & Cox acts as investment adviser, exercising voting and dispositive powers on their behalf rather than for its own economic benefit.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 4)
FISERV, INC.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
337738108
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
337738108
1
Names of Reporting Persons
Dodge & Cox
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CALIFORNIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
46,768,972.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
49,474,622.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
49,474,622.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
9.2 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
FISERV, INC.
(b)
Address of issuer's principal executive offices:
600 N. Vel R. Phillips Avenue, Milwaukee, WI 53203
Item 2.
(a)
Name of person filing:
Dodge & Cox
(b)
Address or principal business office or, if none, residence:
555 California Street 40th Floor, San Francisco, CA 94104
(c)
Citizenship:
California, USA
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
337738108
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
49,474,622
(b)
Percent of class:
9.2 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
46,768,972
(ii) Shared power to vote or to direct the vote:
0
(iii) Sole power to dispose or to direct the disposition of:
49,474,622
(iv) Shared power to dispose or to direct the disposition of:
0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The clients of Dodge & Cox, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, FISERV, INC.
Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940, has an interest of 31,869,400 or 5.9%, of the class of securities reported herein.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
