Hotchkis & Wiley Bets Big on Salesforce, Fiserv, and Workiva in Q3 2025

According to Hotchkis & Wiley's (Trades, Portfolio) recent 13F filing for Q3 2025, the investment firm has made several notable changes to its portfolio. As a value-focused investor, Hotchkis & Wiley has consistently sought out undervalued companies with strong fundamentals and growth potential.

In the third quarter of 2025, the firm added a total of 51 new stocks to its portfolio. The most significant addition was Salesforce Inc (NYSE:CRM), with 2,045,787 shares, accounting for 1.5% of the portfolio and a total value of $484.85 million. The second largest addition was Fiserv Inc (NASDAQ:FISV), with 1,966,790 shares, representing approximately 0.78% of the portfolio and a total value of $253.58 million. The third largest addition was Workiva Inc (NYSE:WK), with 1,025,660 shares, accounting for 0.27% of the portfolio and a total value of $88.29 million.

Hotchkis & Wiley also increased its stakes in several existing holdings. The most notable increase was in Workday Inc (NASDAQ:WDAY), with an additional 1,882,391 shares, bringing the total to 5,842,491 shares. This adjustment represents a significant 47.53% increase in share count, a 1.4% impact on the current portfolio, with a total value of $1,406.46 million. The firm also significantly increased its position in UnitedHealth Group Inc (NYSE:UNH), adding 718,525 shares, bringing the total to 1,412,895, a 103.48% increase.

Furthermore, Hotchkis & Wiley completely exited 56 holdings in the third quarter of 2025, including Capital One Financial Corp (NYSE:COF), with 1,055,814 shares, and Corning Inc (NYSE:GLW), with 662,952 shares.