Jeff Auxier

Auxier Focus Fund

Last Update: 2013-05-16

Number of Stocks: 142
Number of New Stocks: 5

Total Value: $402 Mil
Q/Q Turnover: 7%

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

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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

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Performance of Auxier Focus Fund

Year	Return (%)	S&P500 (%)	Excess Gain (%)
2012	8.73	15.4	-6.7
2011	5.57	2.08	3.5
2010	10.1	15.06	-5.0
3-Year Cumulative	26.4 (8.1%/year)	35.5 (10.7%/year)	-9.1 (-2.6%/year)
2009	24.76	26.46	-1.7
2008	-24.52	-37	12.5
5-Year Cumulative	19 (3.5%/year)	8 (1.5%/year)	11 (2%/year)
2007	5.71	5.61	0.1
2006	11.75	15.79	-4.0
2005	4.58	4.91	-0.3
2004	10.73	12	-1.3
2003	26.75	28.7	-2.0
10-Year Cumulative	106.4 (7.5%/year)	99.7 (7.2%/year)	6.7 (0.3%/year)
2002	-6.79	-22.1	15.3
2001	12.67	-11.9	24.6
2000	4.05	-9.1	13.2

Commentaries and Stories

Currently 4.33/5

Rating: 4.3/5 (3 votes)

Auxier Focus Fund Performance Update March 31, 2013

May 8, 2013

[i] More...

Currently 2.00/5

Rating: 2.0/5 (1 vote)

Dr. Pepper - The Booster for One's Portfolio

May 7, 2013

It is no secret that I find Dr. Pepper (DPS) an attractive stock. I originally valued Dr.Pepper at $63.82 on Dec. 31, 2012. The stock price opened at $43.80 that day, and just recently touched a high of $50.29, a 15% gain. In a moment of honesty, I have to admit that I don't find Dr. Pepper as a refreshing drink personally, but it's not what I think that is important, but what Mr. Market, or in this case, beverage drinkers of the world think. Based upon first quarter of 2013's result, I wish to affirm that Dr. Pepper is just the right booster for one's portfolio. More...

Currently 1.00/5

Rating: 1.0/5 (2 votes)

Blum on a Roll to Reduce - CECO's New CEO Named

April 19, 2013

As Career Education Corporation (CECO)'s cash flow problems and decreased enrollment issues continue in an atmosphere of controversy, its largest stakeholder is on a roll of reducing his ownership stake. Investor Guru Richard Blum, Blum Capital Partners, still holds 14.81% of CECO shares outstanding after this week’s reduction in the education company. At the same time, veteran educator Scott Steffey comes on board as the new president and CEO of Career Education Corporation. More...

EDUCATION & TRAINING SERVICES

Currently 3.67/5

Rating: 3.7/5 (3 votes)

Richard Pzena Reduces APOL as Phoenix Rises for Others

March 11, 2013

Richard Pzena of Pzena Investment Management LLC reduced his Apollo Group Inc. (APOL) shares by 23.54% on Feb. 28, 2013. His current APOL shares are at 5,463,455, bought at $16.95, with a change from average of 1%. The current APOL price per share is $17.06. Apollo Group Inc. was incorporated in Arizona in 1981. Perhaps best known for its subsidiary, The University of Phoenix Inc., the education company offers both online and on-campus educational programs at the undergraduate and graduate levels. Apollo Group Inc. has a market cap of $1.92 billion; with a P/E ratio of 4.9 and P/S ratio of 0.5. GuruFocus rated Apollo Group Inc. the business predictability rank of 4.5-star. More...

EDUCATION

Currently 3.00/5

Rating: 3.0/5 (5 votes)

Auxier Asset Management Q4 Report

February 8, 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. More...

Currently 4.25/5

Rating: 4.3/5 (4 votes)

Auxier Report - Fall 2012

November 12, 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. More...

Currently 3.63/5

Rating: 3.6/5 (27 votes)

Jeff Auxier GuruFocus Interview: Part 2

September 20, 2012

Currently 4.51/5

Rating: 4.5/5 (39 votes)

Jeff Auxier Interview with GuruFocus

August 28, 2012

Currently 3.40/5

Rating: 3.4/5 (10 votes)

Jeff Auxier Explains Why He Dislikes Tech But Owns Tech Stocks

July 27, 2012

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. More...

Currently 3.73/5

Rating: 3.7/5 (15 votes)

Jeff Auxier of Auxier Asset Management Is Taking GuruFocus Readers Questions

July 13, 2012

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. More...

Currently 3.63/5

Rating: 3.6/5 (8 votes)

Jeff Auxier's 2012 Spring Commentary: Fund Returns 6.66 Percent

May 23, 2012

Spring 2012 Market Commentary: First quarter 2012 was bittersweet for Auxier Focus Fund. Our investors earned a sweet, three-month return of 6.66%. But this feat soured by comparison with the 12.59% advance in Standard & Poor's 500 Stock Index (S&P 500), the broad market's best first quarter since 1998. The Fund's stockholdings (71% of assets for the period) also trailed the S&P 500, returning 9.55%. Our steadfastly low-risk portfolio just couldn't keep pace with a runaway stock rally stoked by the continuing monetary stimulus of the Federal Reserve and other central banks around the globe. In a liquidity aided, momentum market where technology stocks and a plethora of initial public offerings (IPOs) are the craze, we surely will not be the top performer. During the quarter Apple shares soared an amazing 48% to become the world's biggest company by market value and 4% of the S&P 500's capitalization. The potential for the portfolio "torpedo" that results when a high expectation popular stock disappoints then crashes leads us to be more cautious as excitement builds. More...

Currently 3.55/5

Rating: 3.5/5 (11 votes)

Top Manager Jeff Auxier Buys 10 New Stocks and Sells Zero in First Quarter

May 1, 2012

Value-oriented money manager Jeff Auxier, who oversees the Auxier Focus Fund, is seeing significant opportunity in the markets right now. In the first quarter, he bought 10 new stocks for his portfolio, which now contains 140 companies, and did not sell out of any positions. The fund had been harboring more cash than usual, believing “recoveries following balance sheet recessions historically are more susceptible to outside shocks,” both as a precaution and to be ready to spend at the right time. More...

Currently 4.00/5

Rating: 4.0/5 (4 votes)

Auxier Focus Fund Buys PepsiCo, Procter & Gamble, Avon, Baxter, Carnival Corp

May 1, 2012

Value investor Jeff Auxier just reported his first quarter portfolio. Mr. Auxier has displayed good risk control capability in the market crash of 2008. His Auxier Focus fund gained 76.9% cumulaively over the past 10 years, while the S&P500 gained 34.9%. More...

Currently 3.00/5

Rating: 3.0/5 (9 votes)

Jeff Auxier's Top Dividend Equities: TEF, T, NOK, RIG

February 28, 2012

When one considers popular financial hubs, Lake Oswego, Ore., hardly fits the profile. After all, this sleepy resemblance of a town has a population of merely 40,000, and almost nothing to place it on the national map. Like finding a needle in the haystack, in this relatively unknown location lies Auxier Asset Management, a full-fledged investment management firm with over $261 million in equities under management. More...

Currently 3.57/5

Rating: 3.6/5 (7 votes)

Jeff Auxier Fourth Quarter Commentary

February 1, 2012

Year End 2011 Results: Auxier Focus Fund returned 8.65% in fourth quarter 2011, trailing a corresponding 11.82% rebound in Standard & Poor’s 500 stock index (S&P). For the year, however, the Fund’s 5.57% return more than doubled the S&P’s 2.11% gain. The average U.S. stock fund lost 2.9% (Lipper). More...

Currently 2.60/5

Rating: 2.6/5 (5 votes)

Auxier Focus Fund keeps buying undervalued MSFT shares

January 14, 2012

Jeff Auxier manages Auxier Focus Fund, which, in the 10- year period ended 2009 gained more than 75%. Jeff Auxier, unlike other fund managers with very little experience in the industry, offers more than 25 of good performance. He is also very passionate for research and is devoted to “eating his own cooking”. More...

MDT, MSFT, MRK, BP ,BK

Currently 3.56/5

Rating: 3.6/5 (9 votes)

Auxier Asset Management Third Quarter Report

November 4, 2011

Stock markets around the globe have slumped on fears that Greece would default on its debt and trigger a financial contagion. The proliferation of short-term trading vehicles like leveraged ETF’s (Exchange Traded Funds) has further stoked volatility and uncertainty. Instead of trying to divine the outcome of a crisis, we have found it better to focus on the credit analysis of individual securities. We concentrate on businesses and managements that can survive the most challenging of economic circumstances. Today, it is especially important to be positioned in investments that can thrive through a potentially long and painful period of deleveraging. The process of restructuring debt-laden companies can result in exciting undervalued situations for serious, long-term investors. This is a favorable backdrop in which to buy first-rate companies at price levels that can eventually lead to double or triple-play returns. Given the extraordinary levels of government debt in many developed countries, investors can’t rely on a rebounding economy to bail them out of poor investment selections. Eighteen months ago, for example, we were able to buy an extremely undervalued Weight Watchers stock More...

Currently 2.88/5

Rating: 2.9/5 (8 votes)

Auxier Fund Q3 update: Buys PEP, UN, MDT, MHS, TEF, NWL, TAP, BMY, JNS

October 25, 2011

Auxier Asset Management is an investment management firm established in Tualatin, Ore. Founded in July 1998 by namesake founder Jeff Auxier, the firm currently manages over $400 million in assets. Auxier is a graduate of The University of Oregon, earning a degree in finance with an emphasis in accounting. His professional experience stems from what would become Salomon Smith Barney, earning numerous accolades such as the Consulting Group Bow Dwyer Award. Throughout his storied career, he has worked and consulted with legendary CEOS and investors such as Jamie Dimon of JP Morgan and Warren Buffet. The flagship fund of Auxier Management is the Auxier Focus Fund (AUXFX). This is the portfolio update of Auxier Asset Management for the quarter ended on Sept. 30, 2011. More...