Jeff Auxier

Jeff Auxier

Last Update: 2014-11-17

Number of Stocks: 147
Number of New Stocks: 2

Total Value: $480 Mil
Q/Q Turnover: 1%

Countries: USA
Details: Top Buys | Top Sales | Top Holdings  Embed:

Jeff Auxier Watch

  • Jeff Auxier Fall 2014 Market Commentary

    We have been anticipating a market correction to wring out mounting excesses of margin debt, overpriced initial public offerings and widespread security issuance in the energy sector. Indeed, during the third quarter, many of the 1500 companies we follow each year began to correct. Smaller stocks as measured by the Russell 2000 index declined 7.36%. Larger companies fared better with the Standard and Poor’s 500-stock index up 1.13%. Auxier Focus Fund ended the quarter down 1.35% with our foreign stock holdings a drag in the face of a strong U.S. dollar. Generally, severe and prolonged market declines are preceded by periods of rising interest rates and/or recession. So far fundamentals and reported earnings don’t point to either in the near term.


    Welcome Return of Market Volatility

      


  • Jeff Auxier Second Quarter Shareholder Letter

    Summer 2014 Market Commentary


    Auxier Focus Fund returned 3.96% for the second quarter. The Fund’s stockholdings gained 5.46%, outpacing the corresponding returns of 5.23% for Standard and Poor’s 500 Stock Index and 2.83% for the Dow Jones Industrial Average. Foreign stocks comprised about 18% of the Fund portfolio. Note that since inception in 1999, Auxier Focus’ stock exposure has averaged 72%, a much lower risk stance than the S&P 500 and Dow Jones Industrial Average (both 100% invested in stocks). Yet we nonetheless outperformed both indices for the period. A hypothetical $10,000 investment in the Fund on July 9, 1999 through June 30, 2014 would have grown to $29,954. That’s 61% more than the S&P 500’s $18,507 and 39% better than the Dow’s $21,484 for a similar investment. 

      


  • Auxier Asset Management's Auxier Report - First Quarter 2014


    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund’s Investor Class Share’s annual operating expense ratio (gross) is 1.28%. The Fund’s adviser has contractually agreed to waive a portion of its fee and/or reimburse Fund expenses to limit total annual operating expenses at 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Advisor’s website at www.auxierasset.com. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future.

      


  • Jeff Auxier Comments on Tesco

    Fund performance has been negatively impacted by turnarounds like global supermarket operator Tesco PLC (TESO). Retailers in general, even world-class operators, are suffering from a glut of stores fostered by a rapid transformation to online and mobile shopping. While we don’t see much more downside, the execution has been disappointing—slower than expected. Over the long term this approach to buying high-quality assets during distressed times has been a winner. It is often difficult to gauge the timeline.

      


  • Jeff Auxier Comments on CVS

    Healthcare stocks in the Fund had a strong fourth quarter and year. CVS (CVS)’s 26% performance for the quarter is reflective of the fact that 10,000 Americans turn 65 every day and will for the next 15 years. Businesses that are able to serve this growing segment with improving service, innovation, technology, product quality and value should continue to win.

      


  • Jeff Auxier’s Year-End Top-Five Stocks

    Jeff Auxier (Trades, Portfolio) is one of the favored gurus followed by GuruFocus. He is the president and chief executive officer at Auxier Asset Management and is in charge of the Auxier Focus Fund. Over the past quarter Auxier added seven new stocks to his portfolio, bringing his total holdings to 147 valued at $476 million.


    The following five companies are Auxier’s top five stock holdings as of the close of the fourth quarter.

      


  • Farming Investor Jeff Auxier Buys 7 New Stocks in Q4

    Jeff Auxier (Trades, Portfolio) is a value investor who stays away from the chaos of Wall Street by farming in Oregon in addition to managing portfolios for over 30 years. Auxier Asset Management currently has $400 million in assets under management.


    In the fourth quarter, Auxier purchased seven new stocks, for a total of 147 in his portfolio, and 3% quarter-over-quarter turnover. Most is weighted in the consumer defensive sector, at 27% of the portfolio, followed by health care at 21.9% and financial services at 16.8%.

      


  • Jeff Auxier's Auxier Report Fourth Quarter 2013


    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund’s Investor Class Share’s annual operating expense ratio (gross) is 1.28%. The Fund’s adviser has contractually agreed to waive a portion of its fee and/or reimburse Fund expenses to limit total annual operating expenses to 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Advisor’s website at www.auxierasset.com. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future.

      


  • "I'm far from the greed and emotion of Wall Street" - A Look at the Patience and Success of Guru Jeff Auxier

    I’m far from the greed and emotion of Wall Street and able to conduct the kind of independent thinking that keeps us ahead of the pack, not chasing it.  I love my job and consider it a stewardship of other people’s hard-earned money.  I want to do this the rest of my life.


    -Jeff Auxier (Trades, Portfolio)

      


  • Jeff Auxier on Where He Will Make Exceptions to His Dislike of Investing in Technology Companies

    Jeff Auxier doesn't particularly like investing in technology companies simply because of the speed at which these companies change.

    He has made exceptions however for companies like Microsoft and Intel where cash flow is more predictable and valuations not factoring in much growth.  


  • Third Quarter Auxier Report from Auxier Asset Management



    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund’s Investor Class Share’s annual operating expense ratio (gross) is 1.29%. The Fund’s adviser has contractually agreed to reduce a portion of its fee and reimburse Fund expenses to limit total annual operating expenses at 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Fund’s website at
    www.auxierasset.com. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future.  


  • Auxier Focus Fund Update - Telecom Cuts, H&R, Home Depot and Others

    Guru Jeff Auxier, president and CEO of Auxier Asset Management and the Auxier Focus Fund, has said: “As U.S. financier and Presidential advisor, Bernard Baruch used to say, facts are facts even in the height of emotion. Often in these periods what is perceived to be risky is far safer than normal. Like John Train, author of ‘The Money Masters’ has said, “The safe time to invest is when investors are discouraged and desperate.” Conversely, the time to be cautious is when everyone is excited, news is good, and initial public offerings are flowing.”

    The updated portfolio of Auxier Focus Fund lists 144 stocks, 6 of them new, a total value at $414 million, and a quarter-over-quarter turnover of 3%. The portfolio is currently weighted with top three sectors: consumer defensive at 28.8%, healthcare at 22.9% and financial services at 15.9%.  


  • Auxier Report Summer 2013

    * Fund inception: July 9, 1999

    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund’s Investor Class Share’s annual operating expense ratio (gross) is 1.29%. The Fund’s adviser has contractually agreed to reduce a portion of its fee and reimburse Fund expenses to limit total annual operating expenses at 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Fund’s website at www.auxierasset.com. The recent growth rate in the stock market has helped to produce short-term returns that are not typical and may not continue in the future.  


  • Auxier Focus Fund Performance Update March 31, 2013



    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund’s Investor Class Share’s annual operating expense ratio (gross) is 1.29%. The Fund’s adviser has contractually agreed to reduce a portion of its fee and reimburse Fund expenses to limit total annual operating expenses at 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Fund’s website at
    www.auxierasset.com[i].  


  • Auxier Asset Management Q4 Report

    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor's shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund's Investor Class Share's annual operating expense ratio (gross) is 1.29%. The Fund's adviser has contractually agreed to reduce a portion of its fee and reimburse Fund expenses to limit total annual operating expenses at 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Fund's website at www.auxierasset.com.

      


  • Auxier Report - Fall 2012

    Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. As stated in the current prospectus, the Fund’s Investor Class Share’s annual operating expense ratio (gross) is 1.32%. The Fund’s adviser has contractually agreed to reduce a portion of its fee and reimburse Fund expenses to limit total annual operating expenses at 1.25%, which is in effect until October 31, 2015. Other share classes may vary. The Fund charges a 2.0% redemption fee on shares redeemed within six months of purchase. For the most recent month-end performance, please call (877)328-9437 or visit the Fund’s website at www.auxierasset.com.

    Fall 2012 Market Commentary  


  • Jeff Auxier GuruFocus Interview: Part 2

    Jeff Auxier is president and CEO of Auxier Asset Management and GuruFocus guru who recently took reader questions for an interview. This is the second half of the interview (the first half is published here):

    GuruFocus: You’re buying a lot of global brands, and they all had in common emerging market growth, like Proctor and Gamble (PG), Pepsi (PEP), Philip Morris (PM), Johnson and Johnson (JNJ). Is that was a conscious investment theme or is that a coincidence?  


  • Jeff Auxier Interview with GuruFocus

    Jeff Auxier is the president and chief executive officer of Auxier Asset Management. He is a value-oriented money manager whose Auxier Focus Fund has outperformed the market 125.53% to 23.15% on a cumulative basis since inception in 1999.

    Jeff recently spoke with GuruFocus to answer readers' questions and some of our own. The interview is below:  


  • Jeff Auxier Explains Why He Dislikes Tech But Owns Tech Stocks

    Jeff Auxier, manager at Auxier Asset Management, spoke with GuruFocus this morning about topics ranging from emerging markets and the European crisis, to his individual investments. One sector Auxier said he disliked is technology.

    “In 1983 we had 30 to 40 new IPOs in personal computers alone,” he says, “and now we’re down to one and a half or whatever. In technology it’s really tough to determine supply and demand. The big thing in a value trap is supply and demand.”  


  • Jeff Auxier of Auxier Asset Management Is Taking GuruFocus Readers Questions

    GuruFocus welcomes Jeff Auxier, president and CEO of Auxier Asset Management, an investment advisor firm with about $524 million in assets under management, to answer our readers' questions about investing. To ask your question, post it in the comments section below.

    Jeff has been managing the Auxier Focus Fund since 1999, achieving a cumulative 127.71% return versus 26.64% for the S&P 500, and an annualized return of 6.68% versus 1.87% for the S&P, since inception.  


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