LongGLWSep 2026
Corning
Corning is the fund's largest equity holding and has benefited from tightening supply and strong demand associated with AI infrastructure. Auxier highlights bottlenecks in…
Auxier Focus Fund
Long-term, unleveraged fundamental equity strategy emphasizing durable businesses, strong competitive advantages, disciplined valuation and downside resilience.$330M AUM7 published ideas
Auxier Focus Fund is managed by Jeff Auxier and has operated since 1999. The fund emphasizes durable businesses, intensive fundamental research and steady compounding across economic cycles while maintaining an unleveraged portfolio.
Ideas from Auxier Focus Fund
LongPMSep 2026
Philip Morris International
Auxier views Philip Morris as an enduring business capable of adapting to changing consumer behavior. The company has successfully shifted a substantial portion of its business…
LongGOOGLSep 2026
Alphabet
Auxier views Alphabet as a durable compounder whose underlying economics are not dependent solely on the success of the current AI investment cycle. Google Search and YouTube…
LongBKSep 2026
Bank of New York Mellon
Auxier describes Bank of New York Mellon as an important behind-the-scenes financial infrastructure business with high customer switching costs. The company is investing nearly…
LongMASep 2026
Mastercard
Auxier sees Mastercard as a durable payment-network business positioned at the center of an increasingly digital economy. The company plays a critical role across a broad range…
LongUNHSep 2026
UnitedHealth Group
Auxier believes UnitedHealth is using AI in a disciplined way to improve existing operations rather than making speculative infrastructure investments. Automation in…
LongKRSep 2026
Kroger
Kroger has been weak because inflation, high interest rates and elevated fuel costs have pressured consumer spending, but Auxier sees the depressed valuation as attractive. The…
Letters covered
- Summer 2026 Market CommentarySeptember 2, 2026
Source PDFs are not republished here; only extracted ideas and quotes.