VISA INC V
COM CL A · Common Stock · CUSIP 92826C839 · ISIN US92826C8394
American multinational financial services corporation
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersSan Francisco, CA
- Founded1958
- Websitecorporate.visa.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.1bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $278.76. Options: 53 managers hold calls ($3.5bn notional), 66 hold puts ($3.6bn).
Trends to Q1 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 3,183 |
| Q4 2022 | 3,410 |
| Q1 2023 | 3,438 |
| Q2 2023 | 3,494 |
| Q3 2023 | 3,522 |
| Q4 2023 | 3,780 |
| Q1 2024 | 3,856 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 1,464 | 1,483 |
| Q1 2023 | 1,538 | 1,602 |
| Q2 2023 | 1,554 | 1,603 |
| Q3 2023 | 1,623 | 1,514 |
| Q4 2023 | 1,668 | 1,551 |
| Q1 2024 | 1,837 | 1,626 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $3.4bn | $3.0bn | 0.87 |
| Q3 2023 | $3.6bn | $3.2bn | 0.87 |
| Q4 2023 | $3.8bn | $4.0bn | 1.07 |
| Q1 2024 | $3.5bn | $3.6bn | 1.03 |
Biggest buyers
| MORGAN STANLEY | Added | +55.1m |
| NATIONAL BANK OF CANADA /FI/ | Added | +4.1m |
| MUFG Securities EMEA plc | Added | +3.6m |
| AKRE CAPITAL MANAGEMENT LLC | Added | +3.0m |
| UBS Group AG | Added | +2.6m |
| D. E. Shaw & Co., Inc. | Added | +2.4m |
| GQG Partners LLC | Added | +1.7m |
| FRANKLIN RESOURCES INC | Added | +1.7m |
| FMR LLC | Added | +1.4m |
| POLEN CAPITAL MANAGEMENT LLC | Added | +1.1m |
Biggest sellers
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -2.5m |
| AXA S.A. | Reduced | -1.8m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -1.4m |
| TD Asset Management Inc | Reduced | -1.1m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -974.5k |
| Egerton Capital (UK) LLP | Reduced | -933.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -912.8k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -794.5k |
| T. Rowe Price Investment Management, Inc. | Reduced | -743.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -712.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $905.6m3.2m shares |
| CITADEL ADVISORS LLC | Reduced | $677.4m2.4m shares |
| BARCLAYS PLC | Reduced | $299.0m1.1m shares |
| D. E. Shaw & Co., Inc. | Reduced | $266.1m953.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $215.6m772.5k shares |
| UBS Group AG | Reduced | $108.6m389.1k shares |
| WOLVERINE TRADING, LLC | Reduced | $105.0m376.2k shares |
| PEAK6 Investments LLC | Added | $72.5m259.8k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $71.4m255.8k shares |
| CITIGROUP INC | Added | $70.6m253.1k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $608.1m2.2m shares |
| CITADEL ADVISORS LLC | Added | $400.4m1.4m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $308.1m1.1m shares |
| UBS Group AG | Reduced | $213.0m763.1k shares |
| Optiver Holding B.V. | Added | $170.0m609.3k shares |
| Balyasny Asset Management L.P. | Added | $147.4m528.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $135.4m485.0k shares |
| IMC-Chicago, LLC | Added | $118.1m423.0k shares |
| WOLVERINE TRADING, LLC | Added | $114.6m410.5k shares |
| CITIGROUP INC | Reduced | $97.2m348.3k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.3% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q2 2022 | 1 | $633 | 2 | $7.1m | — |
| Q3 2022 | 0 | — | 1 | $4.8m | — |
| Q4 2022 | 0 | — | 2 | $14.6m | — |
| Q1 2023 | 0 | — | 4 | $33.8m | — |
| Q2 2023 | 0 | — | 4 | $31.5m | — |
| Q3 2023 | 0 | — | 2 | $19.8m | $19.7m |
| Q4 2023 | 0 | — | 3 | $33.3m | $23.9m |
| Q1 2024 | 0 | — | 3 | $17.3m | $16.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-01 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $2.3m8.2k shares |
| 2024-02-07 | ANDRESKI PETER M GBL CORP CONTROLLER, CAO | Sold | $729.3k2.6k shares |
| 2024-02-01 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $2.2m8.2k shares |
| 2024-01-19 | Taneja Rajat PRESIDENT, TECHNOLOGY | Sold plan | $9.9m36.5k shares |
| 2024-01-02 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $2.1m8.2k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| MORGAN STANLEY 1.18% of their portfolio | 158.3m $44.2bn | Added +55.1m |
| VANGUARD GROUP INC 0.79% of their portfolio | 142.2m $39.7bn | Added +788.9k |
| BlackRock Inc. 0.83% of their portfolio | 127.3m $35.5bn | Added +896.4k |
| STATE STREET CORP 0.92% of their portfolio | 73.5m $20.5bn | Added +189.0k |
| FMR LLC 0.99% of their portfolio | 53.1m $14.8bn | Added +1.4m |
| PRICE T ROWE ASSOCIATES INC /MD/ 1.54% of their portfolio | 44.9m $12.5bn | Reduced -97.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.90% of their portfolio | 34.9m $9.7bn | Added +855.8k |
| BANK OF AMERICA CORP /DE/ 0.67% of their portfolio | 24.5m $6.8bn | Added +259.3k |
| Capital International Investors 1.33% of their portfolio | 23.6m $6.6bn | Added +626.6k |
| ALLIANCEBERNSTEIN L.P. 2.21% of their portfolio | 22.3m $6.2bn | Reduced -794.5k |
| JPMORGAN CHASE & CO 0.27% of their portfolio | 21.7m $6.1bn | Added +123.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.66% of their portfolio | 19.9m $5.6bn | Reduced -712.6k |
| Capital World Investors 0.87% of their portfolio | 18.9m $5.3bn | Added +968.0k |
| GOLDMAN SACHS GROUP INC 1.09% of their portfolio | 18.6m $5.2bn | Added +139.9k |
| ROYAL BANK OF CANADA 1.25% of their portfolio | 18.4m $5.1bn | Reduced -183.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.86% of their portfolio | 17.4m $4.9bn | Reduced -337.4k |
| TCI FUND MANAGEMENT LTD 11.82% of their portfolio | 16.8m $4.7bn | Unchanged |
| NORTHERN TRUST CORP 0.76% of their portfolio | 15.7m $4.4bn | Reduced -624.7k |
| NORGES BANK 0.65% of their portfolio | 14.7m $4.1bn | Reduced -257.3k |
| AMERIPRISE FINANCIAL INC 1.10% of their portfolio | 14.3m $4.0bn | Reduced -198.9k |
| Legal & General Group Plc 0.93% of their portfolio | 11.6m $3.2bn | Added +110.5k |
| Nuveen Asset Management, LLC 0.96% of their portfolio | 11.6m $3.2bn | Reduced -294.6k |
| Bank of New York Mellon Corp 0.62% of their portfolio | 11.5m $3.2bn | Reduced -574.1k |
| JENNISON ASSOCIATES LLC 2.12% of their portfolio | 11.4m $3.2bn | Reduced -458.0k |
| Invesco Ltd. 0.64% of their portfolio | 10.7m $3.0bn | Reduced -423.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.68% of their portfolio | 10.7m $3.0bn | Added +143.3k |
| LOOMIS SAYLES & CO L P 4.05% of their portfolio | 10.2m $2.8bn | Reduced -68.3k |
| FRANKLIN RESOURCES INC 0.90% of their portfolio | 10.2m $2.8bn | Added +1.7m |
| UBS Group AG 0.91% of their portfolio | 9.9m $2.8bn | Added +2.6m |
| DEUTSCHE BANK AG\ 1.26% of their portfolio | 9.7m $2.7bn | Added +304.6k |
| Clearbridge Investments, LLC 2.14% of their portfolio | 9.7m $2.7bn | Reduced -76.9k |
| BARCLAYS PLC 1.21% of their portfolio | 9.6m $2.7bn | Added +1.1m |
| Fisher Asset Management, LLC 1.19% of their portfolio | 9.1m $2.5bn | Added +212.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.87% of their portfolio | 8.8m $2.5bn | Reduced -161.0k |
| POLEN CAPITAL MANAGEMENT LLC 5.41% of their portfolio | 8.4m $2.3bn | Added +1.1m |
| EDGEWOOD MANAGEMENT LLC 6.23% of their portfolio | 8.3m $2.3bn | Reduced -515.7k |
| Berkshire Hathaway Inc 0.70% of their portfolio | 8.3m $2.3bn | Unchanged |
| WELLS FARGO & COMPANY/MN 0.58% of their portfolio | 7.8m $2.2bn | Added +496.5k |
| Ninety One UK Ltd 6.12% of their portfolio | 7.8m $2.2bn | Reduced -105.1k |
| BROWN ADVISORY INC 2.81% of their portfolio | 7.5m $2.1bn | Reduced -16.8k |
| DIMENSIONAL FUND ADVISORS LP 0.53% of their portfolio | 7.0m $1.9bn | Added +188.7k |
| Amundi 0.80% of their portfolio | 6.8m $1.9bn | Added +521.7k |
| AKRE CAPITAL MANAGEMENT LLC 7.55% of their portfolio | 6.5m $1.8bn | Added +3.0m |
| AMERICAN CENTURY COMPANIES INC 1.14% of their portfolio | 6.5m $1.8bn | Reduced -974.5k |
| VIKING GLOBAL INVESTORS LP 6.57% of their portfolio | 6.3m $1.8bn | Added +637.9k |
| SANDS CAPITAL MANAGEMENT, LLC 4.86% of their portfolio | 6.2m $1.7bn | Reduced -248.4k |
| GQG Partners LLC 2.69% of their portfolio | 6.0m $1.7bn | Added +1.7m |
| LAZARD ASSET MANAGEMENT LLC 1.95% of their portfolio | 5.8m $1.6bn | Reduced -440.7k |
| Fundsmith LLP 6.22% of their portfolio | 5.7m $1.6bn | Reduced -47.9k |
| Temasek Holdings (Private) Ltd 8.45% of their portfolio | 5.5m $1.5bn | Added +45.3k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 1.75% of their portfolio | 5.3m $1.5bn | Added +134.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 2.05% of their portfolio | 5.3m $1.5bn | Added +389.2k |
| BANK OF MONTREAL /CAN/ 0.47% of their portfolio | 5.3m $1.5bn | Added +310.8k |
| PRINCIPAL FINANCIAL GROUP INC 0.86% of their portfolio | 5.3m $1.5bn | Reduced -123.1k |
| HSBC HOLDINGS PLC 1.02% of their portfolio | 5.1m $1.4bn | Added +234.2k |
| NORDEA INVESTMENT MANAGEMENT AB 1.57% of their portfolio | 4.8m $1.3bn | Reduced -288.9k |
| Swiss National Bank 0.93% of their portfolio | 4.7m $1.3bn | Reduced -284.3k |
| NATIONAL BANK OF CANADA /FI/ 2.24% of their portfolio | 4.6m $1.3bn | Added +4.1m |
| TD Asset Management Inc 1.16% of their portfolio | 4.5m $1.2bn | Reduced -1.1m |
| Sustainable Growth Advisers, LP 5.01% of their portfolio | 4.3m $1.2bn | Reduced -94.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.80% of their portfolio | 4.2m $1.2bn | Reduced -64.4k |
| ENVESTNET ASSET MANAGEMENT INC 0.43% of their portfolio | 4.1m $1.2bn | Added +112.8k |
| 1832 Asset Management L.P. 2.10% of their portfolio | 4.1m $1.2bn | Reduced -346.4k |
| RAYMOND JAMES & ASSOCIATES 0.77% of their portfolio | 4.1m $1.1bn | Added +102.1k |
| PRIMECAP MANAGEMENT CO/CA/ 0.84% of their portfolio | 4.1m $1.1bn | Added +12.3k |
| California Public Employees Retirement System 0.77% of their portfolio | 3.9m $1.1bn | Reduced -112.9k |
| Alecta Tjanstepension Omsesidigt 6.27% of their portfolio | 3.9m $1.1bn | Unchanged |
| JANUS HENDERSON GROUP PLC 0.59% of their portfolio | 3.9m $1.1bn | Reduced -128.2k |
| BESSEMER GROUP INC 1.95% of their portfolio | 3.9m $1.1bn | Reduced -319.3k |
| CREDIT SUISSE AG/ 1.02% of their portfolio | 3.8m $1.1bn | Reduced -406.9k |
| STIFEL FINANCIAL CORP 1.20% of their portfolio | 3.8m $1.1bn | Reduced -6.6k |
| MUFG Securities EMEA plc 92.81% of their portfolio | 3.6m $1.0bn | Added +3.6m |
| D. E. Shaw & Co., Inc. 1.22% of their portfolio | 3.4m $949.1m | Added +2.4m |
| MACKENZIE FINANCIAL CORP 1.35% of their portfolio | 3.3m $933.5m | Added +763.2k |
| T. Rowe Price Investment Management, Inc. 0.57% of their portfolio | 3.3m $924.2m | Reduced -743.0k |
| CIBC Private Wealth Group LLC 1.79% of their portfolio | 3.3m $915.9m | Reduced -359.3k |
| ROYAL LONDON ASSET MANAGEMENT LTD 2.28% of their portfolio | 3.3m $916.3m | Added +10.9k |
| RHUMBLINE ADVISERS 0.87% of their portfolio | 3.2m $902.5m | Reduced -7.1k |
| Rathbones Group PLC 5.20% of their portfolio | 3.2m $900.4m | Added +87.6k |
| Fayez Sarofim & Co 2.56% of their portfolio | 3.1m $860.6m | Added +60.4k |
| FIL Ltd 0.85% of their portfolio | 3.1m $853.6m | Added +428.4k |
| NEUBERGER BERMAN GROUP LLC 0.71% of their portfolio | 3.1m $853.5m | Added +39.9k |
| Robeco Institutional Asset Management B.V. 1.84% of their portfolio | 3.0m $844.8m | Added +147.7k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.73% of their portfolio | 2.8m $786.0m | Reduced -912.8k |
| FLOSSBACH VON STORCH SE 3.39% of their portfolio | 2.8m $779.5m | Added +35.7k |
| Egerton Capital (UK) LLP 7.38% of their portfolio | 2.7m $763.4m | Reduced -933.1k |
| Pictet Asset Management Holding SA 0.82% of their portfolio | 2.7m $757.1m | Reduced -530.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.93% of their portfolio | 2.7m $753.0m | Added +741.4k |
| Bank Julius Baer & Co. Ltd, Zurich 2.88% of their portfolio | 2.7m $749.6m | Added +473.0k |
| MACQUARIE GROUP LTD 0.84% of their portfolio | 2.7m $747.6m | Reduced -150.3k |
| PNC Financial Services Group, Inc. 0.52% of their portfolio | 2.7m $744.7m | Added +40.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.69% of their portfolio | 2.7m $742.5m | Reduced -1.4m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.91% of their portfolio | 2.6m $718.9m | Reduced -10.6k |
| National Pension Service 0.86% of their portfolio | 2.6m $717.5m | Added +26.2k |
| C WorldWide Group Holding A/S 7.96% of their portfolio | 2.5m $698.1m | Reduced -14.0k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 8.04% of their portfolio | 2.4m $669.8m | Unchanged |
| Longview Partners (Guernsey) LTD 4.25% of their portfolio | 2.4m $658.5m | Reduced -66.7k |
| APG Asset Management N.V. 1.06% of their portfolio | 2.3m $604.8m | Added +180.0k |
| CITIGROUP INC 0.69% of their portfolio | 2.3m $642.0m | Reduced -36.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.85% of their portfolio | 2.3m $641.9m | Reduced -19.1k |