Jeff Auxier

Jeff Auxier

Last Update: 08-20-2015

Number of Stocks: 144
Number of New Stocks: 12

Total Value: $479 Mil
Q/Q Turnover: 51%

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

Jeff Auxier' s Profile & Performance

Profile

Jeff Auxier is the manager of Auxier Focus Fund. Over the 10-year ended on 9/30/2009, his fund gained more 75% cumulatively, while the S&P500 lost about 10%.

Web Page:http://www.auxierasset.com/

Investing Philosophy

Try to find compelling, undervalued companies that ideally exhibit the following attributes:

* Strong or improving fundamentals
* Consistency in operating results
* A substantial advantage over competition (strong franchise)
* A demonstrated ability to earn high rates of return on capital
* Understandable products
* Honest, competent shareholder-oriented management
* Intelligent capital allocation policies
* Generates substantial free cash flow with nominal mandatory capital requirements
* A strong balance sheet and financial flexibility

The investment candidates are then screened to determine what price represents good value with acceptable, low risk and the potential for above average returns. One of the chief investment sins is overpayment. We count on exceptional investment selection for our returns, not the market.

Total Holding History

Performance of Auxier Focus Fund

YearReturn (%)S&P500 (%)Excess Gain (%)
20147.3413.69-6.3
201323.8132.39-8.6
20128.7316-7.3
3-Year Cumulative44.5 (13.1%/year)74.6 (20.4%/year)-30.1 (-7.3%/year)
20115.572.113.5
201010.115.06-5.0
5-Year Cumulative68 (10.9%/year)105.1 (15.5%/year)-37.1 (-4.6%/year)
200924.7626.46-1.7
2008-24.52-3712.5
20075.715.490.2
200611.7515.79-4.0
20054.584.91-0.3
10-Year Cumulative95.4 (6.9%/year)109.4 (7.7%/year)-14 (-0.8%/year)
200410.7310.88-0.2
200326.7528.68-1.9
2002-6.79-22.115.3
200112.67-11.8924.6
20004.05-9.113.2
15-Year Cumulative199.7 (7.6%/year)86.4 (4.2%/year)113.3 (3.4%/year)

Top Ranked Articles

Microsoft Q3 2011: Priced for Failure
Well, that was an interesting five days for Microsoft (MSFT). Through the first four days of the week, the stock was on a nice run, moving nearly 5% higher. Then, after releasing what appeared to be strong earnings, the stock got plummeted, and was down more than 5% for part of the day (closed down 3%). This morning, the stock has once again opened lower, leaving us, when all is said and done, nearly flat with where we started on April 25. The question is, when we step back from the noise, what did the earnings report tell us about Microsoft the business? Most importantly, is there any indication from the quarterly report that the bears might be right and that Microsoft is a value trap? Read more...
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. Read more...
New Features We Added to GuruFocus Recently
At GuruFocus, we are continuously improving the features we have and developing new features. As a subscriber, you just need to let us know what you want, and we will deliver it to you. This is a summary of the features we recently added. Read more...
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): Read more...
Q&A with Jeff Auxier of The Auxier Focus Fund
1. How many positions are there in the fund usually? I don’t think it’s very concentrated by looking at the % invested in the top 10 holdings? Read more...
» More Jeff Auxier Articles

Commentaries and Stories

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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. More...

HEALTH CARE


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GuruFocus Interview: Jeff Auxier of Auxier Asset Management Jeff Auxier,Warren Buffett,Lou Simpson,Donald Yack - 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. More...

JEFF AUXIER, INTERVIEW, Q&A


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Jeff Auxier's Summer Market Commentary Jeff Auxier - 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 More...

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The Stocks Jeff Auxier Keeps Buying Jeff Auxier - 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). More...

Jeff Auxier


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Ask Your Investment Questions to Jeff Auxier of Auxier Asset Management Jeff Auxier - 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. More...

INTERVIEW


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Jeff Auxier Reduces More Than 100 Stakes in First Quarter Jeff Auxier - 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. More...

Jeff Auxier


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Jeff Auxier Adds DISCA to His Portfolio During 1Q2015 Jeff Auxier - 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. More...

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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. More...

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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. More...

Avon


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Jeff Auxier: Year End 2014 Commentary and 2015 Outlook Jeff Auxier - 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%. More...

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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; More...

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Jeff Auxier Buys Berkshire Hathaway in Third Quarter Warren Buffett,Jeff Auxier - 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. More...

JEFF AUXIER, AUXIER ASSET MANAGEMENT


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Jeff Auxier Fall 2014 Market Commentary Jeff Auxier - 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. More...

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Some Drivers of the World's Largest Automaker
In this article, let's take a look at Toyota Motor Corporation (NYSE:TM), a $182.43 billion market cap company that is one of the world's largest automobile producers. More...

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Anadarko is a Strong Player with an Interesting Mix Composition
In this article, let's take a look at Anadarko Petroleum Corporation (NYSE:APC), a $56.08 billion market cap company, one of the largest independent exploration and production companies in the world. More...

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Toyota Stock Drops Following Announcement of Recalls David Dreman,Jeff Auxier - Toyota Stock Drops Following Announcement Of Recalls
Japanese automaker Toyota (NYSE:TM) – rated the world’s largest automobile manufacturer (by production) in 2012 by the Paris-based International Organization of Motor Vehicle Manufacturers (OICA) – issued three recalls last week, affecting more than 1.7 million vehicles worldwide. More...

Cars, Vehicles, Toyota, GM, Honda, Ford, Volkswagon, Recall


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Should You Stay Away From Avon?
In this article, let's take a look at Avon Products Inc. (NYSE:AVP), a $5.47 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. More...

Avon, Cosmetics


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I Feel Bullish on Costco Due to its Business Model
In this article, let's take a look at Costco Wholesale Corporation (NASDAQ:COST), a $55.22 billion market cap company, which operates about 650 membership warehouses in the U.S., and other countries such as Puerto Rico, Canada, the U.K., Taiwan, Japan, Korea, Mexico and Australia. More...

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