Visa (V): which funds own it
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Sections with a free account
185 concentrated managers hold it (+4 vs last quarter) with a median weight of 3.5%.
Who owns Visa?
According to its proxy statement (DEF 14A filed Dec 8, 2025, data as of Dec 1, 2025), the only holders above 5% of Class A were The Vanguard Group and BlackRock Inc. Other holders that filed a Schedule 13D or 13G with the SEC for owning more than 5% of the Class A shares: Vanguard Capital Management (13G filed Apr 30, 2026). As of Jun 30, 2026, the largest holders of Class A reported on Form 13F were BlackRock (8.3% of Class A), Vanguard Capital Management (6.4%) and State Street (5.0%).
Which institutions hold the most Visa shares?
Per Form 13F filings as of Jun 30, 2026, as a share of Class A:
- 1. BlackRock: 8.3%
- 2. Vanguard Capital Management: 6.4%
- 3. State Street: 5.0%
- 4. Morgan Stanley: 2.8%
- 5. Geode Capital Management: 2.7%
- 6. FMR: 2.6%
- 7. Vanguard Portfolio Management: 2.2%
- 8. Price T Rowe Associates: 2.1%
- 9. TCI Fund Management: 1.8%
- 10. Capital World Investors: 1.7%
How much of Visa do institutions own?
The 4,592 institutions that file 13F reported 89.8% of the Class A shares as of Jun 30, 2026.
Sources:Proxy statement (DEF 14A) filed Dec 8, 2025 ↗13G by Vanguard Capital Management (Apr 30, 2026) ↗All of the company's proxy statements on EDGAR ↗
13F percentages divide the shares each institution reports by the Class A shares outstanding on the cover of the company's latest report before the quarter end (Apr 21, 2026). Entities of the same group file separately and are not added up. With more than one share class, a 13D or 13G counts shares convertible from another class as owned, so we do not show its percentage. We hold 13D and 13G filings made since Dec 23, 2024: a holder above 5% that has not filed since then does not appear here.
Visa revenue
Visa reported annual revenue of $40.00 billion for fiscal year 2025 (year ended September 30, 2025), according to its Form 10-K filed with the SEC (XBRL data).
Well-known investors holding it
- Chris HohnTCI19.8%
- Mason MorfitValueAct14.1%
- Chuck AkreAkre Capital7.5%
- Andreas HalvorsenViking Global6.3%
- Bill AckmanPershing Square Inc.5.8%
- Terry SmithFundsmith5.1%
- François RochonGiverny Capital4.5%
- Seth KlarmanBaupost4.4%
Chris Hohn 13F (Q2 2026)Mason Morfit 13F (Q2 2026)Chuck Akre 13F (Q2 2026)Andreas Halvorsen 13F (Q2 2026)Bill Ackman 13F (Q2 2026)Terry Smith 13F (Q2 2026)François Rochon 13F (Q2 2026)Seth Klarman 13F (Q2 2026)
Quarter flow (concentrated managers)
Change in managers (181 → 185): 10 opened · 6 exited = +4
Net flow in the quarter: −$1.1 bn (−3.2 M shares) · bought $2.6 bn and sold $3.6 bnShares concentrated managers added minus those they cut, valued at the 13F quarter-end implied price, not each trade's price. It is a different measure from the change in managers: the two can have opposite signs.
The set of concentrated managers changed between quarters: with the set as it was then, 177 held it last quarter (the chart point); with today's set, 181 (the base for the change).
Concentrated managers holding it
- TCI Fund Management$10.5 bn19.8%
- Egerton Capital (UK) LLPIncreased$1.5 bn14.1%+0.5 pp
- ValueAct Holdings$795M14.1%
- Troy Asset Management$560M15.6%
- ConsultaIncreased$274M9.9%+0.6 pp
- Capital CounselReduced$250M9.8%−0.1 pp
- Anomaly Capital ManagementIncreased$246M9.4%+6.2 pp
- Fernbridge Capital ManagementIncreased$142M10.4%+0.7 pp
- Alfreton Capital LLP$115M28.9%
- Hudson Way Capital Management$114M10.1%
- Gladstone Capital Management LLPIncreased$95.2M9.4%+1.7 pp
- Blacksheep Fund ManagementIncreased$64.0M20.7%+9.5 pp
- HughesLittle Investment Management$57.4M9.9%
- Venator ManagementIncreased$53.1M12.0%+0.4 pp
- Norman Fields, Gottscho Capital Management$31.7M9.6%
Up to 15, sorted by position value. The percentage is the weight in each manager's portfolio.
Other relevant holders
Filers with $100M or more in the stock that do not count as concentrated managers because of their type: they are left out of the counts, the consensus and the accumulation.
- Norges BankPension or sovereign fund$5.6 bn0.6%
- Temasek Holdings (Private)Pension or sovereign fund$2.2 bn6.0%
- Swiss National BankPension or sovereign fund$1.6 bn0.9%
- National Pension ServicePension or sovereign fund$1.2 bn0.8%
- California Public Employees Retirement SystemPension or sovereign fund$1.1 bn0.6%
- California State Teachers Retirement SystemPension or sovereign fund$879M0.8%
- WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUSTFoundation or endowment$823M9.1%
- New York State Common Retirement FundPension or sovereign fund$647M0.8%
Largest holders of V (all 13F filers)
- BlackRock137.7 MIndex manager · 8.29% of the company+1.5 M
- Vanguard Capital Management106.2 MIndex manager · 6.40% of the company−855 K
- State Street82.9 MIndex manager · 4.99% of the company+566 K
- Morgan Stanley46.0 MBank or trading desk · 2.77% of the company−20 K
- Geode Capital Management45.3 MIndex manager · 2.73% of the company+402 K
- FMR42.9 MInvestment firm · 2.59% of the company−2.0 M
- Vanguard Portfolio Management36.8 MIndex manager · 2.22% of the company−760 K
- Price T Rowe Associates35.5 MInvestment firm · 2.14% of the company−5.6 M
- TCI Fund Managementconcentrated30.5 MInvestment firm · 1.84% of the company+26 K
- Capital World Investors28.3 MInvestment firm · 1.70% of the company+3.1 M
- Shares
- 137.7 M
- Change
- +1.5 M
- % of the company
- 8.29%
See more
- Type
- Index manager
- Value
- $47.2 bn
- Shares
- 106.2 M
- Change
- −855 K
- % of the company
- 6.40%
See more
- Type
- Index manager
- Value
- $36.4 bn
- Shares
- 82.9 M
- Change
- +566 K
- % of the company
- 4.99%
See more
- Type
- Index manager
- Value
- $28.4 bn
- Shares
- 46.0 M
- Change
- −20 K
- % of the company
- 2.77%
See more
- Type
- Bank or trading desk
- Value
- $15.8 bn
- Shares
- 45.3 M
- Change
- +402 K
- % of the company
- 2.73%
See more
- Type
- Index manager
- Value
- $15.5 bn
- Shares
- 42.9 M
- Change
- −2.0 M
- % of the company
- 2.59%
See more
- Type
- Investment firm
- Value
- $14.7 bn
- Shares
- 36.8 M
- Change
- −760 K
- % of the company
- 2.22%
See more
- Type
- Index manager
- Value
- $12.6 bn
- Shares
- 35.5 M
- Change
- −5.6 M
- % of the company
- 2.14%
See more
- Type
- Investment firm
- Value
- $12.2 bn
- TCI Fund Managementconcentrated
- Shares
- 30.5 M
- Change
- +26 K
- % of the company
- 1.84%
See more
- Type
- Investment firm
- Value
- $10.5 bn
- Shares
- 28.3 M
- Change
- +3.1 M
- % of the company
- 1.70%
See more
- Type
- Investment firm
- Value
- $9.7 bn
The 10 13F filers with the most shares as of Jun 30, 2026, whatever their type (index firms usually come first). “Change”: shares added or cut versus the previous quarter, split-adjusted; “no data” = there is no comparable portfolio for the previous quarter (no filing, or a filing with its holdings under confidential treatment). “% of the company” only where shares outstanding are up to date. Entities of the same group file separately and some 13F filings include other managers: there may be double counting. With a free account: the top 25, the largest buyers and the largest sellers.
Fundamentals
12-month figures to Mar 31, 2026 · balance sheet as of Mar 31, 2026.
- Operating margin
- 61.1%
- Net margin
- 51.7%
- ROE
- 62.4%
- Revenue (TTM)
- $43.0 bn
- Revenue growth
- 14.4%
- Net income (TTM)
- $22.2 bn
- Net debt / EBITDA
- 0.4x
- Free cash flow (TTM)
- $21.2 bn
- Quality vs sector
- 77/100
Figures from the statements the company filed with the SEC (10-K, 10-Q). Free cash flow = operating cash flow − capital expenditures; empty if the company does not report capex. “Quality vs sector”: 0 to 100, the average of its percentiles in ROE, operating margin, free-cash-flow margin, revenue and earnings growth and net debt / EBITDA (at least 3 needed) against companies in its sector above $300M. How each figure is calculated
Earnings quality and debt
- Operating cash flow ÷ net income (12 months)
- 1.02
- Interest coverage (operating income ÷ interest)
- 40.7 timesfiscal 2025
- Debt due within 12 months
- $1.6 bn0.13 times cash and investments
- Year 1$5.6 bn
- Year 2$2.8 bn
- Year 3$1.5 bn
- Year 4$1.2 bn
- Year 5$1.5 bn
- Later$12.9 bn
From the figures the company filed with the SEC. Cash flow over net income near or above 1 means earnings are collected in cash; far below, that part is accounting. Coverage says how many times operating income pays the latest fiscal year's interest. Maturities come from the debt note of the latest annual report, counted from its closing date. “No data” never means zero.
Insiders (Form 4)
10% owners who bought (6 m): 0
Open-market purchases, excluding 10b5-1 plans. Officers and directors only; joint filers of the same purchase count as one. 10% owners with no role are shown separately. 0 = nobody bought; “no data” = we do not have its Form 4 filings.
Each of the company's Form 4 filings, on EDGAR ↗Latest trades, with date and filing →
Above 5% (13D/13G)
Disclosed stakes, with their amendments. A filing is not always a purchase: there are also reductions and changes of filing entity.
This list may be incomplete: we hold 13D and 13G filings made since Dec 23, 2024. A holder above 5% that has not filed anything since then is not shown here.
- Vanguard Capital Management7.35%(previously filed by The Vanguard Group)13Gfiling ↗Event: Mar 31, 2026 · filed: Apr 30, 2026
- Vanguard Groupchange of filing entity → Vanguard Capital Management13G · amendmentfiling ↗Event: Mar 13, 2026 · filed: Mar 27, 2026
Above 5% over time (13D/13G)
Each holder with its filings in order. History since December 2024.
All material events (8-K)
Earnings, agreements, financing, management changes and announcements from the last year, with a filter by type and a link to each filing.
Other Financials stocks in managers' portfolios
Same sector and a similar number of concentrated managers holding them. It is a list to keep exploring, not a recommendation.
- MastercardMA · 152 managers
- Berkshire HathawayBRK/B · 148 managers
- JPMorgan ChaseJPM · 120 managers
- American ExpressAXP · 74 managers
- S&P GlobalSPGI · 73 managers
- Bank of AmericaBAC · 59 managers