Auxier Asset Management LLC Portfolio Shifts in Q2 2026: Focus on Consumer Defensive and Technology

Auxier Asset Management LLC has released its portfolio data for the second quarter ending June 30, 2026, revealing a dynamic shift in investments across various sectors.

The firm's holdings experienced notable changes during this period:

• Purchases and New Positions: Auxier Asset Management initiated new positions or significantly increased stakes in several companies. Key additions include Booking Holdings Inc. (BKNG), BP p.l.c. (BP), Bank of America Corp (BAC), Cognizant Technology Solutions (CTSH), Perma-Pipe International Holdings (PPIH), KLA Corporation (KLAC), and Warner Bros. Discovery, Inc. (WBD). These moves suggest a strategic allocation towards specific opportunities within sectors like Consumer Cyclical, Energy, Financial Services, and Communication Services.
• Reductions: The portfolio also saw reductions in shares for several holdings. Notable decreases occurred with Philip Morris International (PM), Microsoft Corp (MSFT), Johnson & Johnson (JNJ), Kroger Co. (KR), Corning Inc (GLW), and Cisco Systems, Inc. (CSCO). These adjustments might indicate a rebalancing strategy or shifting confidence in these particular stocks.

Examining the specific changes provides deeper insight:

• Significant New Investment: Auxier notably increased its position in Booking Holdings Inc. (BKNG) by over 239% this quarter, adding a substantial number of shares.
• Major Acquisition: The investment in Perma-Pipe International Holdings (PPIH) saw an unprecedented increase of 100%, as the holding count went from zero to the current figure.
• Strategic Shifts: While reducing positions like GLW and PM, which are part of their core holdings, Auxier also decreased its stake in BP by nearly 11%. This indicates a nuanced approach within certain sectors.
• Continued Presence: Holdings such as Bank of New York Mellon Corp (BK) and Johnson & Johnson (JNJ), despite share reductions (-10% and -1.2%, respectively), remain significant parts of the portfolio, suggesting ongoing confidence in these companies or sectors.

The overall structure of Auxier's portfolio reflects a continued emphasis on certain sectors:

• Consumer Defensive Dominance: This sector remains heavily weighted at 25.21% of the total value, with companies like PM and KR showing slight share declines but still holding significant allocations.
• Strong Technology Allocation: Auxier maintains a substantial allocation in Technology (19.49%), including positions in GLW, BAC (which is Financial Services but often grouped for analysis), CTSH, KLAC, and several others like PM which technically falls under Consumer Defensive.
• Growth Focus: The increase in BKNG suggests a continued interest in growth-oriented areas within the Technology sector. Similarly, WMT saw an increase despite being categorized as a defensive stock.

Key portfolio indicators for Q2 2026 include:

• A total of 111 holdings across various sectors.
• The top five positions account for approximately 18.32% of the total portfolio value, indicating a moderate concentration level.
• Active management is evident through significant buying and selling activities during the quarter.

In summary, Auxier Asset Management's Q2 2026 activity involved strategic additions to positions like BKNG and KLAC while reducing stakes in established names such as GLW and PM. The portfolio continues to favor Consumer Defensive stocks but also shows engagement with Technology and other sectors through targeted buying and selling decisions.