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 ($1.8bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $273.23. Options: 57 managers hold calls ($3.6bn notional), 71 hold puts ($4.0bn).
Trends to Q3 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 |
| Q2 2024 | 3,839 |
| Q3 2024 | 3,878 |
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 |
| Q2 2024 | 1,924 | 1,547 |
| Q3 2024 | 1,852 | 1,665 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $3.8bn | $4.0bn | 1.07 |
| Q1 2024 | $3.5bn | $3.6bn | 1.03 |
| Q2 2024 | $3.0bn | $3.1bn | 1.04 |
| Q3 2024 | $3.6bn | $4.0bn | 1.10 |
Biggest buyers
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Added | +9.7m |
| VANGUARD GROUP INC | Added | +9.2m |
| SG Americas Securities, LLC | Added | +3.7m |
| VIKING GLOBAL INVESTORS LP | New | +3.5m |
| STATE STREET CORP | Added | +3.3m |
| FMR LLC | Added | +3.3m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +2.8m |
| Bank Julius Baer & Co. Ltd, Zurich | Added | +2.4m |
| NATIONAL BANK OF CANADA /FI/ | Added | +2.1m |
| NORGES BANK | Added | +1.8m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -6.2m |
| GOLDMAN SACHS GROUP INC | Reduced | -4.3m |
| JANE STREET GROUP, LLC | Reduced | -4.1m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -3.1m |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | -3.0m |
| JENNISON ASSOCIATES LLC | Reduced | -2.0m |
| APG Asset Management N.V. | Reduced | -2.0m |
| AMERIPRISE FINANCIAL INC | Reduced | -2.0m |
| AXA S.A. | Reduced | -1.9m |
| Capital Research Global Investors | Reduced | -1.8m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $666.3m2.4m shares |
| CITADEL ADVISORS LLC | Added | $664.7m2.4m shares |
| BARCLAYS PLC | Reduced | $312.6m1.1m shares |
| JANE STREET GROUP, LLC | New | $312.6m1.1m shares |
| Parallax Volatility Advisers, L.P. | Added | $272.1m989.5k shares |
| UBS Group AG | Added | $154.6m562.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $146.1m531.3k shares |
| WOLVERINE TRADING, LLC | Added | $143.4m521.2k shares |
| Squarepoint Ops LLC | Added | $106.0m385.4k shares |
| NOMURA HOLDINGS INC | Added | $105.7m384.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $759.1m2.8m shares |
| CITADEL ADVISORS LLC | Added | $433.1m1.6m shares |
| JANE STREET GROUP, LLC | Added | $340.4m1.2m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $304.7m1.1m shares |
| UBS Group AG | Added | $191.9m697.8k shares |
| IMC-Chicago, LLC | Added | $166.4m605.3k shares |
| SIMPLEX TRADING, LLC | Added | $161.2m645.8k shares |
| Optiver Holding B.V. | Reduced | $141.6m515.1k shares |
| BARCLAYS PLC | New | $136.3m495.7k shares |
| Eisler Capital (UK) Ltd. | Added | $123.8m450.4k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2024 | 0 | — | 3 | $9.6m | $9.3m |
| Q3 2024 | 0 | — | 3 | $15.6m | $5.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-09-03 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $2.4m8.6k shares |
| 2024-08-29 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $2.4m8.6k shares |
| 2024-08-29 | ROTTENBERG JULIE B GENERAL COUNSEL | Sold plan | $707.3k2.6k shares |
| 2024-08-16 | MAHON TULLIER KELLY VICE CHAIR, CHF PPL & CORP AFF | Sold | $10.1m37.8k 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.75% of their portfolio | 152.3m $41.9bn | Added +9.2m |
| BlackRock, Inc. 0.76% of their portfolio | 131.7m $36.2bn | First filing |
| STATE STREET CORP 0.86% of their portfolio | 76.6m $21.1bn | Added +3.3m |
| FMR LLC 0.96% of their portfolio | 57.1m $15.7bn | Added +3.3m |
| MORGAN STANLEY 1.00% of their portfolio | 50.2m $13.8bn | Reduced -448.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 1.39% of their portfolio | 43.9m $12.1bn | Reduced -370.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.86% of their portfolio | 38.7m $10.6bn | Added +2.8m |
| BANK OF AMERICA CORP /DE/ 0.58% of their portfolio | 24.2m $6.6bn | Reduced -454.9k |
| JPMORGAN CHASE & CO 0.26% of their portfolio | 23.7m $6.5bn | Reduced -6.2m |
| ALLIANCEBERNSTEIN L.P. 2.13% of their portfolio | 23.1m $6.4bn | Added +900.5k |
| Capital World Investors 0.98% of their portfolio | 23.0m $6.3bn | Added +402.6k |
| Capital International Investors 1.21% of their portfolio | 22.9m $6.3bn | Added +235.4k |
| TCI FUND MANAGEMENT LTD 10.49% of their portfolio | 16.8m $4.6bn | Unchanged |
| ROYAL BANK OF CANADA 1.02% of their portfolio | 16.7m $4.6bn | Reduced -1.5m |
| NORGES BANK 0.64% of their portfolio | 16.6m $4.6bn | Added +1.8m |
| GOLDMAN SACHS GROUP INC 0.84% of their portfolio | 16.0m $4.4bn | Reduced -4.3m |
| NORTHERN TRUST CORP 0.70% of their portfolio | 15.5m $4.3bn | Reduced -132.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.26% of their portfolio | 15.4m $4.2bn | Reduced -1.6m |
| WELLINGTON MANAGEMENT GROUP LLP 0.69% of their portfolio | 14.3m $3.9bn | Reduced -3.1m |
| AMERIPRISE FINANCIAL INC 0.89% of their portfolio | 12.6m $3.5bn | Reduced -2.0m |
| Bank of New York Mellon Corp 0.64% of their portfolio | 12.6m $3.5bn | Added +1.3m |
| UBS Group AG 0.94% of their portfolio | 12.2m $3.4bn | Added +511.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.82% of their portfolio | 11.6m $3.2bn | Added +123.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.60% of their portfolio | 11.5m $3.2bn | Added +670.6k |
| Legal & General Group Plc 0.81% of their portfolio | 11.2m $3.1bn | Reduced -237.4k |
| Nuveen Asset Management, LLC 0.81% of their portfolio | 10.6m $2.9bn | Reduced -339.3k |
| Clearbridge Investments, LLC 2.23% of their portfolio | 10.3m $2.8bn | Added +612.3k |
| Invesco Ltd. 0.55% of their portfolio | 10.3m $2.8bn | Reduced -489.4k |
| LOOMIS SAYLES & CO L P 3.56% of their portfolio | 9.9m $2.7bn | Reduced -209.4k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC 0.15% of their portfolio | 9.8m $54.4k | Added +9.7m |
| Fisher Asset Management, LLC 1.08% of their portfolio | 9.6m $2.6bn | Added +196.9k |
| FRANKLIN RESOURCES INC 0.75% of their portfolio | 9.5m $2.7bn | Reduced -519.9k |
| DEUTSCHE BANK AG\ 1.03% of their portfolio | 9.2m $2.5bn | Reduced -199.5k |
| BARCLAYS PLC 1.10% of their portfolio | 9.1m $2.5bn | Added +814.2k |
| JENNISON ASSOCIATES LLC 1.55% of their portfolio | 9.1m $2.5bn | Reduced -2.0m |
| Berkshire Hathaway Inc 0.86% of their portfolio | 8.3m $2.3bn | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.54% of their portfolio | 8.2m $2.2bn | Added +489.7k |
| WELLS FARGO & COMPANY/MN 0.53% of their portfolio | 8.0m $2.2bn | Added +113.2k |
| BROWN ADVISORY INC 2.71% of their portfolio | 7.9m $2.2bn | Added +149.1k |
| Ninety One UK Ltd 5.77% of their portfolio | 7.9m $2.2bn | Reduced -11.7k |
| POLEN CAPITAL MANAGEMENT LLC 5.15% of their portfolio | 7.3m $2.0bn | Reduced -739.9k |
| Amundi 0.73% of their portfolio | 7.2m $2.0bn | Reduced -369.4k |
| EDGEWOOD MANAGEMENT LLC 5.33% of their portfolio | 7.2m $2.0bn | Reduced -954.5k |
| Temasek Holdings (Private) Ltd 6.93% of their portfolio | 6.2m $1.7bn | Added +138.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 1.80% of their portfolio | 6.1m $1.7bn | Added +345.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 1.69% of their portfolio | 6.0m $1.6bn | Added +508.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.86% of their portfolio | 5.7m $1.6bn | Added +411.2k |
| Fundsmith LLP 6.03% of their portfolio | 5.5m $1.5bn | Reduced -5.7k |
| HSBC HOLDINGS PLC 0.93% of their portfolio | 5.4m $1.5bn | Added +132.7k |
| GQG Partners LLC 2.27% of their portfolio | 5.3m $1.4bn | Reduced -383.3k |
| BANK OF MONTREAL /CAN/ 0.67% of their portfolio | 5.3m $1.4bn | Added +64.4k |
| LAZARD ASSET MANAGEMENT LLC 1.85% of their portfolio | 5.0m $1.4bn | Reduced -323.3k |
| SANDS CAPITAL MANAGEMENT, LLC 4.15% of their portfolio | 5.0m $1.4bn | Reduced -312.5k |
| Swiss National Bank 0.83% of their portfolio | 4.7m $1.3bn | Reduced -10.3k |
| NATIONAL BANK OF CANADA /FI/ 1.69% of their portfolio | 4.6m $1.3bn | Added +2.1m |
| AMERICAN CENTURY COMPANIES INC 0.73% of their portfolio | 4.6m $1.3bn | Reduced -1.8m |
| RAYMOND JAMES & ASSOCIATES 0.73% of their portfolio | 4.3m $1.2bn | Added +109.8k |
| Sustainable Growth Advisers, LP 4.98% of their portfolio | 4.3m $1.2bn | Added +114.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.37% of their portfolio | 4.2m $1.2bn | Added +15.4k |
| SG Americas Securities, LLC 4.27% of their portfolio | 4.1m $1.1bn | Added +3.7m |
| NORDEA INVESTMENT MANAGEMENT AB 1.27% of their portfolio | 4.1m $1.1bn | Reduced -283.7k |
| PRIMECAP MANAGEMENT CO/CA/ 0.81% of their portfolio | 4.0m $1.1bn | Reduced -30.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.75% of their portfolio | 3.9m $1.1bn | Added +36.1k |
| BESSEMER GROUP INC 1.72% of their portfolio | 3.8m $1.0bn | Added +14.3k |
| STIFEL FINANCIAL CORP 1.09% of their portfolio | 3.8m $1.0bn | Added +8.0k |
| Alecta Tjanstepension Omsesidigt 5.69% of their portfolio | 3.8m $1.0bn | Unchanged |
| TD Asset Management Inc 0.91% of their portfolio | 3.7m $1.0bn | Reduced -291.6k |
| JANUS HENDERSON GROUP PLC 0.52% of their portfolio | 3.7m $1.0bn | Reduced -189.9k |
| 1832 Asset Management L.P. 1.67% of their portfolio | 3.6m $996.7m | Reduced -16.4k |
| California Public Employees Retirement System 0.70% of their portfolio | 3.6m $993.6m | Reduced -71.5k |
| VIKING GLOBAL INVESTORS LP 3.51% of their portfolio | 3.5m $963.9m | New |
| T. Rowe Price Investment Management, Inc. 0.58% of their portfolio | 3.5m $963.7m | Added +413.0k |
| Rathbones Group PLC 4.74% of their portfolio | 3.4m $938.8m | Added +80.4k |
| Fayez Sarofim & Co 2.30% of their portfolio | 3.3m $904.4m | Added +98.1k |
| RHUMBLINE ADVISERS 0.81% of their portfolio | 3.3m $902.8m | Added +14.4k |
| AKRE CAPITAL MANAGEMENT LLC 7.49% of their portfolio | 3.3m $899.6m | Unchanged |
| CIBC Private Wealth Group LLC 1.59% of their portfolio | 3.2m $889.6m | Reduced -17.6k |
| PNC Financial Services Group, Inc. 0.54% of their portfolio | 3.1m $845.7m | Reduced -154.9k |
| FIL Ltd 0.74% of their portfolio | 3.0m $815.2m | Reduced -573.8k |
| National Pension Service 0.78% of their portfolio | 3.0m $813.8m | Added +359.2k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.52% of their portfolio | 2.9m $803.2m | Added +1.2m |
| NEUBERGER BERMAN GROUP LLC 0.62% of their portfolio | 2.9m $795.7m | Reduced -233.5k |
| FLOSSBACH VON STORCH SE 3.07% of their portfolio | 2.8m $782.3m | Reduced -24.2k |
| MACQUARIE GROUP LTD 0.82% of their portfolio | 2.8m $763.6m | Reduced -58.5k |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.85% of their portfolio | 2.7m $752.0m | Reduced -285.2k |
| Pictet Asset Management Holding SA 0.82% of their portfolio | 2.7m $740.5m | Added +44.6k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.82% of their portfolio | 2.6m $705.2m | Reduced -14.6k |
| CITIGROUP INC 0.65% of their portfolio | 2.6m $703.1m | Reduced -1.1m |
| BNP PARIBAS FINANCIAL MARKETS 0.67% of their portfolio | 2.5m $687.7m | Reduced -3.0m |
| DNB Asset Management AS 3.09% of their portfolio | 2.5m $685.5m | Added +512.0k |
| Bank Julius Baer & Co. Ltd, Zurich 2.61% of their portfolio | 2.5m $774.4m | Added +2.4m |
| C WorldWide Group Holding A/S 6.98% of their portfolio | 2.4m $672.5m | Reduced -11.0k |
| NATIXIS ADVISORS, LLC 1.31% of their portfolio | 2.4m $671.6m | Added +73.4k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 8.03% of their portfolio | 2.4m $659.9m | Unchanged |
| EAGLE CAPITAL MANAGEMENT LLC 2.43% of their portfolio | 2.4m $655.0m | Added +1.1m |
| D. E. Shaw & Co., Inc. 0.84% of their portfolio | 2.3m $645.9m | Reduced -1.1m |
| LPL Financial LLC 0.29% of their portfolio | 2.3m $640.8m | Added +117.6k |
| Corient Private Wealth LP 0.95% of their portfolio | 2.2m $603.9m | Reduced -35.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.81% of their portfolio | 2.2m $599.4m | Reduced -74.0k |
| BLAIR WILLIAM & CO/IL 1.74% of their portfolio | 2.2m $591.6m | Reduced -32.8k |