Jeff Auxier

Jeff Auxier

Last Update: 11-12-2015

Number of Stocks: 139
Number of New Stocks: 2

Total Value: $428 Mil
Q/Q Turnover: 3%

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

Jeff Auxier Watch

  • Top 5 Dividend Stocks Among Guru Holdings

    Even though the S&P 500 is not particularly cheap right now with an average P/E of nearly 20, there are some very juicy dividends that pop up if you screen for it. The top yielding stocks, however, are often not the most safe dividends as they are usually distressed companies.

    Investors often go shopping a little below the absolute highest dividend yielding stocks, but for this article, I decided to do something different. Instead, I compiled a list of the top yielding stocks held by the gurus. Every stock on this list is held by many of the absolute best value investors as selected by GuruFocus. I have to warn you: The list contains several energy stocks that look speculative, but at dividends from 7.56% up to 12.88%, they also look very lucrative. 


  • Auxier Buys New Stake in Allstate

    Value investor Jeff Auxier (Trades, Portfolio) heads Auxier Asset Management in Portland, Ore., far from the noise of Wall Street. When evaluating potential investments, Auxier and the firm look for companies that have strong or improving fundamentals, consistency in operating results and understandable products, among other attributes.

    Auxier spoke with GuruFocus in August in a wide-ranging Q&A, and discussed the advice Warren Buffett (Trades, Portfolio) gave him personally, how his strategy has evolved and even his notable investing missteps. That interview can be read here.


  • Jeff Auxier's Fall 2015 Market Commentary

    Major stock indices continued their correction through the third quarter of 2015. Corporate revenue gains and product pricing have been weak. Concerns over slowing global growth and currency devaluations, starting with China, have added to uncertainty. Commodity-driven emerging markets have suffered over $1 trillion in outflows, the first net exodus in 27 years. So it shouldn’t be surprising that a long overdue 10% correction took place in a week in August. The price you pay for seeking superior compounded returns is enduring the volatility of free market pricing. The key to compounding is to stick with good companies when it gets ugly and painful.

    It is also important to lighten up some during boom times. The commodities and energy sectors are suffering a huge hangover from China’s now-deflating construction bubble financed with mounting levels of debt. The Reuters/Jefferies (CRB) commodity index has now corrected 45% from the 2011 highs. Such global cyclical stocks, as a group, have trailed far behind high-quality consumer businesses, particularly those with strong brands that sell smaller ticket necessities like foods and beverages. The current market environment has some similarities to the markets in the mid-1990s. Japan in 1994 had a debt-driven boom similar to China’s today, with much of the proceeds going into construction. Mexico devalued the peso in 1994. By 1998 Russia defaulted on government bonds as oil prices crashed close to $10 a barrel, versus around $45 now. Asian countries then suffered a series of currency devaluations. These events heightened global investors’ ardor for the dollar, US assets and the perceived safety of our “rule of law” economy.


  • Johnson & Johnson´s Dividend Discount Model Suggests Value of $139.6 Per Share

    In this article, let´s take a look at Johnson & Johnson (NYSE:JNJ), which has reported better-than-expected earnings but a decline in revenues. The EPS for the third quarter was $1.49, beating estimates by $0.04. However, revenue of $17.1 billion misses by $350 million.

    Relative valuation and dividend yield


  • Jeff Auxier: 'Investors Are Confusing Volatility for Risk; Panic Is Not Knowing What You Own'

    Lake Oswego, Ore. - September 2015 - Nearly three thousand miles from the Animal House panic on Wall Street, Jeff Auxier (Trades, Portfolio) is as calm as one of the cattle grazing at his Auxier Family Farms in Oregon.

    With 32 years of cumulative investment knowledge, Auxier has earned some perspective. For the past 16 years he’s shepherded the Auxier Focus Fund through dozens of bumps and bubbles. Prior to that, Auxier was a Senior VP of Investments and Senior Portfolio Mgt. Director for Foster Marshall/Smith Barney. He served with Jamie Dimon (now head of JP Morgan) on the first board to set national policy managing client accounts, and was recipient of the Consulting Group Bob Dwyer Award honoring integrity and knowledge. He welcomes the market turmoil.


  • Jeff Auxier Increases Several Holdings During Second Quarter

    Jeff Auxier (Trades, Portfolio) is the manager of the Auxier Focus Fund. His portfolio is composed of 144 stocks with a total value of $479 million. The following are the largest stakes he increased during the last quarter.

    He increased by 184% his stake in Marlin Business Services Corp (MRLN) with an impact of 1.96% on his portfolio.


  • Monster Beverage Is Overpriced

    The Guru Jeff Auxier (Trades, Portfolio), during the last quarter, started a new position in Monster Beverage Corp (MNST). He bought 12,100 shares and is now the investor with the most weighted stake of MNST on his portfolio since the investment is about 0.34% of his total assets.

    The company


  • Announcement: 2016 GuruFocus Value Conference, Omaha

    Over the years we have received a lot of requests from our subscribers about a gathering, especially a gathering at the Berkshire Hathaway Annual Meeting because many of us go there anyway. In order to serve our subscribers better we decided to host an annual GuruFocus Value Conference. The next conference will be on Friday, April 29, 2016, the day before the 2016 Berkshire Hathaway annual meeting.

    These are the details of the conference:


  • Pfizer Nears Completion of Hospira Acquisition

    On Aug. 24 Pfizer, Inc. (NYSE:PFE) received clearance from the Federal Trade Commission for its acquisition of Hospira, Inc. (NYSE:HSP). The acquisition process has been ongoing since Feb. 5 when Pfizer first announced it would be acquiring Hospira. Given the FTC clearance the acquisition will likely be completed in September.

    The Hospira acquisition will add low cost generic versions of biotech drugs to Pfizer’s product offerings, which are currently oriented around branded products. The Hospira business overall is primarily focused on generic injectable drug product offerings. The business is expected to be immediately accretive for Pfizer, bringing approximately $1.2 billion in quarterly revenue to the Pfizer business.


  • GuruFocus Interview: Jeff Auxier of Auxier Asset Management

    At 11 years old, Jeff Auxier (Trades, Portfolio) began mowing the lawn of Georgia Pacific’s then-CEO Bob Pamplin Sr., who led the company to be one of the top-performing NYSE stocks of the time. After graduating college with his degree in finance and starting his career in 1982, Auxier decided to cold call Warren Buffett (Trades, Portfolio) — and got an answer.

    Whether by luck or simply taking a chance, Auxier was influenced by value investors from an early age, and this is reflected in his firm, Auxier Asset Management. The firm is based far from Wall Street on the opposite coast in Portland, Oregon, where Auxier lives on a 108-acre hazelnut farm.


  • Jeff Auxier's Summer Market Commentary

    The stock market sputtered and stalled in the first half of 2015. Standard & Poor’s 500 index of large U.S. companies rose a scant 0.28% in the second quarter and 1.23% over the six months ended June 30. Auxier Focus Fund trailed the index, declining

    0.97% for the quarter and 0.29% for the first half of 2015. One reason is that the Fund is only 70% invested in American companies (the S&P 500 is 100%). The remainder: 17% in foreign stocks, 6% in cash and 7% in so-called work-outs such as corporate spinoffs. What’s more, our lower-risk allocation has handily beaten the benchmark over time. Since inception in 1999, with an average 75%-95% equity exposure, a $10,000 investment in the Fund grew to $30,760 as of June 30, vs. $19,880 for the S&P 500.


  • The Stocks Jeff Auxier Keeps Buying

    Jeff Auxier (Trades, Portfolio) of Auxier Asset Management currently owns 133 positions in his $237 million portfolio. Auxier has a low quarter over quarter turnover rate of 1%. Over the past quarters, Auxier has continued to purchase shares in three positions, which include Aetna Inc (NYSE:AET), Royal Dutch Shell PLC (NYSE:RDS.A) and Unum Group (NYSE:UNM).

    Aetna Inc (NYSE:AET)


  • Ask Your Investment Questions to Jeff Auxier of Auxier Asset Management

    Jeff Auxier (Trades, Portfolio) of Auxier Asset Management has agreed to participate in an exclusive Q&A with GuruFocus. Please submit your questions below in the comment box and we will pick the top 20 to ask the investor.

    Auxier was first introduced to the world of investing when he mowed Robert Pamplin's lawn. The Georgia Pacific CEO taught Auxier about remaining ethical. Pamplin's ideas about how a business should be transparent and shareholders should come first were later adopted and applied to Auxier's firm.


  • Jeff Auxier Reduces More Than 100 Stakes in First Quarter

    As manager of Auxier Focus Fund, Jeff Auxier (Trades, Portfolio) racked up an impressive record in the first decade of the 21st century, gaining more than 75% in value compared to the S&P500’s 10% loss during the same period.

    In the first quarter of 2015, Auxier’s emphasis was on selling holdings rather than buying them. Auxier reduced more than 100 of his stakes in the first quarter, including each of his 20 most valuable stakes.


  • Jeff Auxier Adds DISCA to His Portfolio During 1Q2015

    Jeff Auxier (Trades, Portfolio) of Ausier Asset Management added Discovery Communications Inc (NASDAQ:DISCA) to his portfolio, according to GuruFocus Real Time Picks.

    Auxier purchased 59,149 shares of DISCA at an average price of $31.37 a share.


  • Jeff Auxier Spring 2015 Market Commentary

    In first quarter 2015, the economy was subdued by record low temperatures in the Northeast, a West Coast port strike, a rapidly appreciating U.S. dollar (undermining exports), and a dramatic cutback in energy capital spending. Auxier Focus Fund returned 0.68% for the first quarter 2015. The equity portion gained over 0.92%. By comparison, Standard & Poor’s 500 stock index returned 0.95%, while the Dow Jones industrials added an anemic 0.33%. At quarter end, the Fund was comprised of 9% cash and “work-outs,” 76% U.S. stocks and the balance in foreign equities. An example of a "work-out" is Hospira, a healthcare company we purchased at a distressed price of $28.21 in December 2011. Drugmaker Pfizer has offered $90 cash to acquire Hospira in the second half of 2015, resulting in its shares recently fetching a discounted $87. The implicit $3 per share gain to closing represents over a 4% annual return, so we use that as a cash substitute. As stock market levels rise we tend to have more of these "work-outs" and similar event-driven investments that are "market agnostic," meaning they are less dependent on the overall supply and demand in the markets for their returns.


  • Some Reasons to Reduce Holdings in Avon

    In this article, let's take a look at Avon Products Inc. (NYSE:AVP), a $3.43 billion market cap company, which is the world's leading direct marketer of cosmetics, toiletries, fashion jewelry and fragrances, with about 6 million sales representatives worldwide.

    Largest Shareholders


  • Jeff Auxier: Year End 2014 Commentary and 2015 Outlook

    As of December 31, 2014, Auxier Focus Fund was comprised of 77.73% U.S. equities, 13.87% foreign stocks, 0.2% fixed income, and 8.2% cash. The Fund returned 4.40% in the fourth quarter of 2014. The Fund’s stock portfolio had a corresponding 5.17% gain, versus 4.93% for Standard & Poor’s 500 Stock Index. For the year, the Fund returned 7.34% (stocks up 10%), versus the S&P 500’s 13.69%. By comparison, the Dow Jones Industrial Average rose 5.2% for the quarter and 10% for the year. Foreign stocks in developed countries generally declined 4.5% in 2014 (MSCI EAFE Index). The Thomson Reuters CRB Index showed commodities continued to correct, losing over 16%.


  • Auxier Asset Management - 'Hazelnuts, Cows… and Stocks'

    As of 9/30/14 the Stock Portion of the Investor Class, AUXFX, is Up 360% Since Inception, Growth of $10,000 to $29,500 Since Inception;

    Auxier Continues Eating His Own Cooking and Preaching the Power of Compounding


  • Jeff Auxier Buys Berkshire Hathaway in Third Quarter

    Jeff Auxier (Trades, Portfolio) founded Auxier Asset Management and has managed the Auxier Focus Fund since its inception in 1999. Since inception, the fund has had returns 114.67 percentage points higher than the S&P 500.

    In an interview with GuruFocus in 2012, Auxier told a story of when he cold-called Warren Buffett (Trades, Portfolio) in 1982, and actually received career advice from the most successful investor himself.


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