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 ($1.9bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $315.81. Options: 56 managers hold calls ($5.1bn notional), 66 hold puts ($6.4bn).
Trends to Q4 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 |
| Q4 2024 | 4,290 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q4 2024 | 1,841 | 1,714 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $3.5bn | $3.6bn | 1.03 |
| Q2 2024 | $3.0bn | $3.1bn | 1.04 |
| Q3 2024 | $3.6bn | $4.0bn | 1.10 |
| Q4 2024 | $5.1bn | $6.4bn | 1.25 |
Biggest buyers
| VANGUARD GROUP INC | Added | +7.1m |
| BlackRock, Inc. | Added | +5.7m |
| MACKENZIE FINANCIAL CORP | Added | +4.9m |
| STATE STREET CORP | Added | +4.6m |
| NORTHERN TRUST CORP | Added | +2.8m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Added | +2.6m |
| Sanders Capital, LLC | New | +2.0m |
| BARCLAYS PLC | Added | +1.8m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.7m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.7m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -11.1m |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Reduced | -9.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -5.0m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -4.0m |
| SG Americas Securities, LLC | Reduced | -3.9m |
| ROYAL BANK OF CANADA | Reduced | -3.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -2.8m |
| AMERICAN CENTURY COMPANIES INC | Reduced | -1.8m |
| FMR LLC | Reduced | -1.6m |
| JENNISON ASSOCIATES LLC | Reduced | -1.4m |
Biggest calls
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | First filing | $1.0bn3.3m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $850.9m2.7m shares |
| CITADEL ADVISORS LLC | Reduced | $734.0m2.3m shares |
| BARCLAYS PLC | Reduced | $345.7m1.1m shares |
| JANE STREET GROUP, LLC | Reduced | $239.9m759.2k shares |
| Parallax Volatility Advisers, L.P. | Reduced | $218.0m689.8k shares |
| Twin Tree Management, LP | Added | $213.0m674.1k shares |
| Squarepoint Ops LLC | Added | $197.7m625.5k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $172.7m546.6k shares |
| WOLVERINE TRADING, LLC | Added | $165.2m523.9k shares |
Biggest puts
| BARCLAYS PLC | Added | $2.2bn7.1m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $599.8m1.9m shares |
| CITADEL ADVISORS LLC | Reduced | $483.0m1.5m shares |
| MILLENNIUM MANAGEMENT LLC | Added | $439.8m1.4m shares |
| Balyasny Asset Management L.P. | Added | $250.3m792.0k shares |
| UBS Group AG | Reduced | $219.0m693.1k shares |
| Optiver Holding B.V. | Added | $214.5m678.7k shares |
| Twin Tree Management, LP | Added | $211.2m668.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $176.6m558.9k shares |
| IMC-Chicago, LLC | Reduced | $161.7m511.5k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 |
| Q4 2024 | 0 | — | 4 | $20.2m | $9.0m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-13 | Taneja Rajat PRESIDENT, TECHNOLOGY | Sold | $8.9m28.2k shares |
| 2024-12-12 | Taneja Rajat PRESIDENT, TECHNOLOGY | Sold | $2.2m7.1k shares |
| 2024-12-02 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $2.7m8.6k shares |
| 2024-11-22 | Fabara Paul D CHIEF RISK & CLIENT SVCS OFC | Sold plan | $668.6k2.2k shares |
| 2024-11-01 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $2.5m8.6k shares |
| 2024-11-01 | ROTTENBERG JULIE B GENERAL COUNSEL | Sold plan | $742.0k2.6k shares |
| 2024-10-01 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $2.4m8.6k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.88% of their portfolio | 159.4m $50.4bn | Added +7.1m |
| BlackRock, Inc. 0.88% of their portfolio | 137.3m $43.4bn | Added +5.7m |
| STATE STREET CORP 1.01% of their portfolio | 81.3m $25.7bn | Added +4.6m |
| FMR LLC 1.05% of their portfolio | 55.5m $17.5bn | Reduced -1.6m |
| MORGAN STANLEY 1.12% of their portfolio | 50.6m $16.0bn | Added +409.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 1.57% of their portfolio | 43.0m $13.6bn | Reduced -979.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.99% of their portfolio | 40.3m $12.7bn | Added +1.7m |
| Capital International Investors 1.41% of their portfolio | 23.8m $7.5bn | Added +866.6k |
| Capital World Investors 1.12% of their portfolio | 23.3m $7.4bn | Added +241.1k |
| BANK OF AMERICA CORP /DE/ 0.68% of their portfolio | 23.1m $7.3bn | Reduced -1.0m |
| ALLIANCEBERNSTEIN L.P. 2.39% of their portfolio | 22.2m $7.0bn | Reduced -854.8k |
| NORTHERN TRUST CORP 0.82% of their portfolio | 18.3m $5.8bn | Added +2.8m |
| TCI FUND MANAGEMENT LTD 12.52% of their portfolio | 16.8m $5.3bn | Unchanged |
| NORGES BANK 0.68% of their portfolio | 16.4m $5.2bn | Reduced -257.8k |
| GOLDMAN SACHS GROUP INC 0.98% of their portfolio | 16.2m $5.1bn | Added +202.6k |
| ROYAL BANK OF CANADA 0.94% of their portfolio | 13.8m $4.3bn | Reduced -3.0m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.98% of their portfolio | 13.3m $4.2bn | Added +1.7m |
| Bank of New York Mellon Corp 0.78% of their portfolio | 13.3m $4.2bn | Added +718.6k |
| AMERIPRISE FINANCIAL INC 1.04% of their portfolio | 12.8m $4.0bn | Added +164.0k |
| JPMORGAN CHASE & CO 0.32% of their portfolio | 12.6m $4.0bn | Reduced -11.1m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.25% of their portfolio | 12.6m $4.0bn | Reduced -2.8m |
| UBS Group AG 0.87% of their portfolio | 12.3m $3.9bn | Added +107.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.71% of their portfolio | 12.2m $3.9bn | Added +718.6k |
| Legal & General Group Plc 0.95% of their portfolio | 11.4m $3.6bn | Added +150.0k |
| BARCLAYS PLC 1.71% of their portfolio | 10.9m $3.5bn | Added +1.8m |
| Invesco Ltd. 0.60% of their portfolio | 10.2m $3.2bn | Reduced -107.8k |
| Nuveen Asset Management, LLC 0.90% of their portfolio | 10.1m $3.2bn | Reduced -451.0k |
| Clearbridge Investments, LLC 2.52% of their portfolio | 9.9m $3.1bn | Reduced -454.2k |
| Fisher Asset Management, LLC 1.23% of their portfolio | 9.8m $3.1bn | Added +174.0k |
| LOOMIS SAYLES & CO L P 3.81% of their portfolio | 9.6m $3.0bn | Reduced -303.7k |
| DEUTSCHE BANK AG\ 1.16% of their portfolio | 9.4m $3.0bn | Added +191.4k |
| FRANKLIN RESOURCES INC 0.83% of their portfolio | 9.4m $3.0bn | Reduced -185.6k |
| WELLINGTON MANAGEMENT GROUP LLP 0.54% of their portfolio | 9.3m $2.9bn | Reduced -5.0m |
| DIMENSIONAL FUND ADVISORS LP 0.64% of their portfolio | 8.4m $2.7bn | Added +275.0k |
| Berkshire Hathaway Inc 0.98% of their portfolio | 8.3m $2.6bn | Unchanged |
| Amundi 0.90% of their portfolio | 8.3m $2.6bn | Added +1.1m |
| WELLS FARGO & COMPANY/MN 0.60% of their portfolio | 7.9m $2.5bn | Reduced -82.0k |
| JENNISON ASSOCIATES LLC 1.48% of their portfolio | 7.7m $2.4bn | Reduced -1.4m |
| BROWN ADVISORY INC 2.95% of their portfolio | 7.3m $2.3bn | Reduced -511.4k |
| Ninety One UK Ltd 5.99% of their portfolio | 7.1m $2.2bn | Reduced -770.5k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 2.01% of their portfolio | 6.6m $2.1bn | Added +646.0k |
| MACKENZIE FINANCIAL CORP 0.85% of their portfolio | 6.6m $1.9bn | Added +4.9m |
| EDGEWOOD MANAGEMENT LLC 6.00% of their portfolio | 6.6m $2.1bn | Reduced -577.2k |
| POLEN CAPITAL MANAGEMENT LLC 5.62% of their portfolio | 6.6m $2.1bn | Reduced -679.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 2.00% of their portfolio | 6.5m $2.1bn | Added +410.4k |
| RAYMOND JAMES FINANCIAL INC 0.72% of their portfolio | 6.2m $2.0bn | First filing |
| Temasek Holdings (Private) Ltd 7.46% of their portfolio | 6.0m $1.9bn | Reduced -267.2k |
| HSBC HOLDINGS PLC 1.08% of their portfolio | 5.5m $1.7bn | Added +82.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.94% of their portfolio | 5.5m $1.7bn | Reduced -258.6k |
| BANK OF MONTREAL /CAN/ 0.83% of their portfolio | 5.3m $1.7bn | Added +5.3k |
| Swiss National Bank 0.99% of their portfolio | 4.7m $1.5bn | Added +46.6k |
| LAZARD ASSET MANAGEMENT LLC 2.17% of their portfolio | 4.7m $1.5bn | Reduced -328.0k |
| Fundsmith LLP 6.23% of their portfolio | 4.6m $1.5bn | Reduced -924.3k |
| SANDS CAPITAL MANAGEMENT, LLC 4.25% of their portfolio | 4.5m $1.4bn | Reduced -420.6k |
| GQG Partners LLC 2.10% of their portfolio | 4.5m $1.4bn | Reduced -774.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.92% of their portfolio | 4.3m $1.4bn | Added +366.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.42% of their portfolio | 4.1m $1.3bn | Reduced -67.5k |
| NORDEA INVESTMENT MANAGEMENT AB 1.35% of their portfolio | 4.1m $1.3bn | Added +14.8k |
| PRIMECAP MANAGEMENT CO/CA/ 0.97% of their portfolio | 4.0m $1.3bn | Reduced -52.3k |
| TD Asset Management Inc 1.06% of their portfolio | 3.8m $1.2bn | Added +58.4k |
| STIFEL FINANCIAL CORP 1.24% of their portfolio | 3.8m $1.2bn | Reduced -22.2k |
| 1832 Asset Management L.P. 2.12% of their portfolio | 3.8m $1.2bn | Added +138.2k |
| BESSEMER GROUP INC 1.94% of their portfolio | 3.8m $1.2bn | Reduced -42.6k |
| JANUS HENDERSON GROUP PLC 0.59% of their portfolio | 3.7m $1.2bn | Reduced -28.2k |
| Sustainable Growth Advisers, LP 5.63% of their portfolio | 3.5m $1.1bn | Reduced -726.4k |
| T. Rowe Price Investment Management, Inc. 0.69% of their portfolio | 3.5m $1.1bn | Added +40.8k |
| VIKING GLOBAL INVESTORS LP 3.57% of their portfolio | 3.5m $1.1bn | Reduced -10.7k |
| California Public Employees Retirement System 0.73% of their portfolio | 3.5m $1.1bn | Reduced -150.3k |
| Rathbones Group PLC 5.22% of their portfolio | 3.4m $1.1bn | Reduced -4.5k |
| Fayez Sarofim & Co 2.64% of their portfolio | 3.4m $1.1bn | Added +108.1k |
| Alecta Tjanstepension Omsesidigt 5.55% of their portfolio | 3.3m $1.1bn | Reduced -434.8k |
| RHUMBLINE ADVISERS 0.94% of their portfolio | 3.3m $1.0bn | Added +25.3k |
| AKRE CAPITAL MANAGEMENT LLC 8.94% of their portfolio | 3.3m $1.0bn | Unchanged |
| CIBC Private Wealth Group LLC 1.79% of their portfolio | 3.2m $987.8m | Reduced -75.6k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 1.04% of their portfolio | 3.1m $976.8m | Added +2.6m |
| PNC Financial Services Group, Inc. 0.65% of their portfolio | 3.1m $974.2m | Added +6.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 3.04% of their portfolio | 3.0m $934.5m | Added +35.7k |
| ROYAL LONDON ASSET MANAGEMENT LTD 2.25% of their portfolio | 2.9m $921.6m | Added +181.1k |
| NEUBERGER BERMAN GROUP LLC 0.73% of their portfolio | 2.9m $920.4m | Added +18.6k |
| FLOSSBACH VON STORCH SE 3.56% of their portfolio | 2.8m $894.8m | Reduced -14.1k |
| AMERICAN CENTURY COMPANIES INC 0.51% of their portfolio | 2.8m $889.2m | Reduced -1.8m |
| BNP PARIBAS FINANCIAL MARKETS 0.68% of their portfolio | 2.8m $872.8m | Added +260.4k |
| National Pension Service 0.82% of their portfolio | 2.8m $871.2m | Reduced -203.2k |
| FIL Ltd 0.81% of their portfolio | 2.7m $863.0m | Reduced -234.2k |
| Pictet Asset Management Holding SA 0.91% of their portfolio | 2.7m $847.5m | Reduced -11.6k |
| Bank Julius Baer & Co. Ltd, Zurich 2.80% of their portfolio | 2.7m $908.2m | Added +199.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.97% of their portfolio | 2.6m $833.4m | Added +72.1k |
| Mawer Investment Management Ltd. 3.61% of their portfolio | 2.5m $795.3m | Added +395.4k |
| LPL Financial LLC 0.32% of their portfolio | 2.5m $792.3m | Added +175.6k |
| MACQUARIE GROUP LTD 0.90% of their portfolio | 2.4m $750.1m | Reduced -336.9k |
| NATIXIS ADVISORS, LLC 1.43% of their portfolio | 2.4m $765.5m | Reduced -20.4k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 9.16% of their portfolio | 2.4m $758.5m | Unchanged |
| EAGLE CAPITAL MANAGEMENT LLC 2.76% of their portfolio | 2.4m $757.1m | Added +13.6k |
| Swedbank AB 0.88% of their portfolio | 2.3m $717.4m | Added +210.8k |
| C WorldWide Group Holding A/S 8.69% of their portfolio | 2.3m $712.2m | Reduced -192.3k |
| CITIGROUP INC 0.67% of their portfolio | 2.2m $699.7m | Reduced -343.4k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.92% of their portfolio | 2.2m $688.1m | Reduced -2.9k |
| Robeco Institutional Asset Management B.V. 1.30% of their portfolio | 2.2m $683.9m | Added +48.6k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 1.34% of their portfolio | 2.1m $673.7m | First filing |
| Corient Private Wealth LP 1.11% of their portfolio | 2.1m $667.8m | Reduced -78.4k |