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 ($2.6bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $354.86. Options: 51 managers hold calls ($4.6bn notional), 71 hold puts ($5.6bn).
Trends to Q2 2025
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 |
| Q1 2025 | 4,289 |
| Q2 2025 | 4,350 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q1 2025 | 1,812 | 2,088 |
| Q2 2025 | 1,959 | 1,955 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $3.6bn | $4.0bn | 1.10 |
| Q4 2024 | $5.1bn | $6.4bn | 1.25 |
| Q1 2025 | $4.7bn | $6.6bn | 1.40 |
| Q2 2025 | $4.6bn | $5.6bn | 1.23 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +12.8m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +2.7m |
| TCI FUND MANAGEMENT LTD | Added | +2.4m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +2.2m |
| VANGUARD GROUP INC | Added | +1.5m |
| HSBC HOLDINGS PLC | Added | +1.2m |
| Capital World Investors | Added | +1.2m |
| NORGES BANK | Added | +1.2m |
| Rockefeller Capital Management L.P. | Added | +1.1m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +1.1m |
Biggest sellers
| BARCLAYS PLC | Reduced | -4.0m |
| JPMORGAN CHASE & CO | Reduced | -3.8m |
| BlackRock, Inc. | Reduced | -3.7m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -2.9m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -2.7m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -2.4m |
| Amundi | Reduced | -2.2m |
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -1.5m |
| FMR LLC | Reduced | -1.3m |
| MARSHALL WACE, LLP | Reduced | -1.3m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.1bn3.0m shares |
| CITADEL ADVISORS LLC | Added | $987.0m2.8m shares |
| JANE STREET GROUP, LLC | Added | $334.3m941.5k shares |
| UBS Group AG | Reduced | $250.4m705.4k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $223.0m628.1k shares |
| WOLVERINE TRADING, LLC | New | $218.2m625.8k shares |
| Squarepoint Ops LLC | Reduced | $188.3m530.4k shares |
| Parallax Volatility Advisers, L.P. | Added | $182.2m513.1k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $154.3m434.6k shares |
| D. E. Shaw & Co., Inc. | Added | $147.2m414.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.1bn3.1m shares |
| CITIGROUP INC | Added | $725.5m2.0m shares |
| UBS Group AG | Added | $682.2m1.9m shares |
| CITADEL ADVISORS LLC | Added | $438.9m1.2m shares |
| IMC-Chicago, LLC | Added | $345.9m974.2k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $320.7m903.2k shares |
| JANE STREET GROUP, LLC | Added | $257.2m724.4k shares |
| WOLVERINE TRADING, LLC | New | $182.7m524.2k shares |
| Balyasny Asset Management L.P. | Reduced | $161.2m454.1k shares |
| Optiver Holding B.V. | Added | $155.7m438.6k 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 Q2 2025
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 |
|---|---|---|---|---|---|
| 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 |
| Q1 2025 | 0 | — | 5 | $48.6m | $35.9m |
| Q2 2025 | 0 | — | 4 | $61.5m | $61.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-11 | Fabara Paul D CHIEF RISK & CLIENT SVCS OFC | Sold plan | $4.4m11.6k shares |
| 2025-06-05 | Fabara Paul D CHIEF RISK & CLIENT SVCS OFC | Sold plan | $17.1m46.2k shares |
| 2025-06-05 | Taneja Rajat PRESIDENT, TECHNOLOGY | Sold plan | $9.2m25.0k shares |
| 2025-06-04 | Taneja Rajat PRESIDENT, TECHNOLOGY | Sold plan | $9.2m25.0k shares |
| 2025-06-02 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $3.1m8.6k shares |
| 2025-05-12 | Fabara Paul D CHIEF RISK & CLIENT SVCS OFC | Sold plan | $6.3m17.7k shares |
| 2025-05-08 | Fabara Paul D CHIEF RISK & CLIENT SVCS OFC | Sold plan | $5.3m14.8k shares |
| 2025-05-01 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $3.0m8.6k shares |
| 2025-05-01 | ROTTENBERG JULIE B GENERAL COUNSEL | Sold plan | $889.9k2.6k shares |
| 2025-04-01 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $3.0m8.6k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.93% of their portfolio | 162.5m $57.7bn | Added +1.5m |
| BlackRock, Inc. 0.96% of their portfolio | 140.7m $49.9bn | Reduced -3.7m |
| STATE STREET CORP 1.09% of their portfolio | 82.0m $29.1bn | Reduced -737.6k |
| FMR LLC 1.12% of their portfolio | 55.9m $19.8bn | Reduced -1.3m |
| MORGAN STANLEY 1.16% of their portfolio | 50.1m $17.8bn | Reduced -458.4k |
| GEODE CAPITAL MANAGEMENT, LLC 1.07% of their portfolio | 43.1m $15.3bn | Added +1.1m |
| PRICE T ROWE ASSOCIATES INC /MD/ 1.66% of their portfolio | 41.2m $14.6bn | Reduced -1.5m |
| ROYAL BANK OF CANADA 0.90% of their portfolio | 26.1m $9.3bn | Added +12.8m |
| Capital World Investors 1.27% of their portfolio | 24.6m $8.7bn | Added +1.2m |
| BANK OF AMERICA CORP /DE/ 0.68% of their portfolio | 23.7m $8.4bn | Reduced -1.1m |
| JPMORGAN CHASE & CO 0.56% of their portfolio | 22.8m $8.1bn | Reduced -3.8m |
| Capital International Investors 1.30% of their portfolio | 21.3m $7.6bn | Added +105.1k |
| ALLIANCEBERNSTEIN L.P. 2.42% of their portfolio | 20.9m $7.4bn | Reduced -217.5k |
| NORGES BANK 0.88% of their portfolio | 19.8m $7.0bn | Added +1.2m |
| TCI FUND MANAGEMENT LTD 13.35% of their portfolio | 19.1m $6.8bn | Added +2.4m |
| NORTHERN TRUST CORP 0.91% of their portfolio | 18.6m $6.6bn | Reduced -400.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 1.19% of their portfolio | 16.5m $5.9bn | Added +2.2m |
| GOLDMAN SACHS GROUP INC 0.93% of their portfolio | 16.1m $5.7bn | Added +911.0k |
| Bank of New York Mellon Corp 0.88% of their portfolio | 13.2m $4.7bn | Reduced -656.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.79% of their portfolio | 12.8m $4.6bn | Added +169.7k |
| AMERIPRISE FINANCIAL INC 1.10% of their portfolio | 12.6m $4.5bn | Added +311.9k |
| Legal & General Group Plc 1.06% of their portfolio | 12.1m $4.3bn | Added +191.1k |
| UBS Group AG 0.89% of their portfolio | 12.0m $4.2bn | Added +389.8k |
| Invesco Ltd. 0.64% of their portfolio | 10.6m $3.8bn | Reduced -109.4k |
| Nuveen, LLC 1.01% of their portfolio | 10.3m $3.6bn | Added +213.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.64% of their portfolio | 9.9m $3.5bn | Reduced -1.0m |
| FRANKLIN RESOURCES INC 0.90% of their portfolio | 9.5m $3.4bn | Reduced -113.5k |
| LOOMIS SAYLES & CO L P 4.01% of their portfolio | 9.0m $3.2bn | Reduced -199.1k |
| DEUTSCHE BANK AG\ 1.16% of their portfolio | 8.9m $3.1bn | Reduced -712.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.95% of their portfolio | 8.5m $3.0bn | Reduced -2.7m |
| DIMENSIONAL FUND ADVISORS LP 0.68% of their portfolio | 8.3m $3.0bn | Reduced -161.0k |
| Berkshire Hathaway Inc 1.14% of their portfolio | 8.3m $2.9bn | Unchanged |
| Clearbridge Investments, LLC 2.37% of their portfolio | 8.2m $2.9bn | Reduced -943.9k |
| WELLS FARGO & COMPANY/MN 0.64% of their portfolio | 8.2m $2.9bn | Reduced -73.6k |
| BARCLAYS PLC 1.13% of their portfolio | 8.0m $2.8bn | Reduced -4.0m |
| JENNISON ASSOCIATES LLC 1.55% of their portfolio | 7.4m $2.6bn | Reduced -14.6k |
| Fisher Asset Management, LLC 1.02% of their portfolio | 7.3m $2.6bn | Added +117.8k |
| BROWN ADVISORY INC 3.36% of their portfolio | 7.2m $2.6bn | Added +377.3k |
| HSBC HOLDINGS PLC 1.60% of their portfolio | 7.0m $2.5bn | Added +1.2m |
| Mitsubishi UFJ Asset Management Co., Ltd. 1.99% of their portfolio | 7.0m $2.5bn | Added +331.0k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 2.09% of their portfolio | 7.0m $2.5bn | Added +361.5k |
| Amundi 0.80% of their portfolio | 6.5m $2.3bn | Reduced -2.2m |
| Ninety One UK Ltd 5.20% of their portfolio | 6.2m $2.2bn | Reduced -10.0k |
| Temasek Holdings (Private) Ltd 8.14% of their portfolio | 5.9m $2.1bn | Added +51.3k |
| RAYMOND JAMES FINANCIAL INC 0.71% of their portfolio | 5.8m $2.1bn | Reduced -165.6k |
| EDGEWOOD MANAGEMENT LLC 6.35% of their portfolio | 5.6m $2.0bn | Reduced -422.3k |
| POLEN CAPITAL MANAGEMENT LLC 6.11% of their portfolio | 5.6m $2.0bn | Reduced -412.6k |
| Swiss National Bank 1.11% of their portfolio | 5.2m $1.9bn | Added +339.3k |
| PRINCIPAL FINANCIAL GROUP INC 0.93% of their portfolio | 5.0m $1.8bn | Reduced -290.4k |
| BANK OF MONTREAL /CAN/ 0.87% of their portfolio | 4.9m $1.7bn | Reduced -369.5k |
| Sumitomo Mitsui Trust Group, Inc. 0.99% of their portfolio | 4.5m $1.6bn | Added +32.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.45% of their portfolio | 4.3m $1.5bn | Added +162.2k |
| PRIMECAP MANAGEMENT CO/CA/ 1.20% of their portfolio | 4.2m $1.5bn | Added +374.3k |
| TD Asset Management Inc 1.22% of their portfolio | 4.0m $1.4bn | Reduced -316.2k |
| SANDS CAPITAL MANAGEMENT, LLC 4.11% of their portfolio | 4.0m $1.4bn | Added +217.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.88% of their portfolio | 3.9m $1.4bn | Added +2.7m |
| Fundsmith LLP 5.95% of their portfolio | 3.9m $1.4bn | Reduced -283.0k |
| LAZARD ASSET MANAGEMENT LLC 1.76% of their portfolio | 3.6m $1.3bn | Reduced -766.2k |
| California Public Employees Retirement System 0.81% of their portfolio | 3.6m $1.3bn | Reduced -103.8k |
| STIFEL FINANCIAL CORP 1.23% of their portfolio | 3.6m $1.3bn | Reduced -134.7k |
| JANUS HENDERSON GROUP PLC 0.61% of their portfolio | 3.5m $1.2bn | Reduced -372.2k |
| CITIGROUP INC 0.86% of their portfolio | 3.5m $1.2bn | Added +165.1k |
| Rathbones Group PLC 5.25% of their portfolio | 3.4m $1.2bn | Added +6.3k |
| RHUMBLINE ADVISERS 1.02% of their portfolio | 3.4m $1.2bn | Reduced -83.3k |
| AKRE CAPITAL MANAGEMENT LLC 11.04% of their portfolio | 3.2m $1.1bn | Unchanged |
| BESSEMER GROUP INC 1.82% of their portfolio | 3.2m $1.1bn | Reduced -3.5k |
| Robeco Institutional Asset Management B.V. 1.80% of their portfolio | 3.1m $1.1bn | Added +581.6k |
| National Pension Service 0.96% of their portfolio | 3.1m $1.1bn | Added +140.2k |
| Sanders Capital, LLC 1.47% of their portfolio | 3.1m $1.1bn | Reduced -105.6k |
| Fayez Sarofim & Co 2.62% of their portfolio | 3.1m $1.1bn | Reduced -117.9k |
| GQG Partners LLC 1.53% of their portfolio | 3.0m $1.1bn | Reduced -699.4k |
| Sustainable Growth Advisers, LP 5.32% of their portfolio | 2.9m $1.0bn | Reduced -385.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.94% of their portfolio | 2.9m $1.0bn | Reduced -575.8k |
| 1832 Asset Management L.P. 1.77% of their portfolio | 2.9m $1.0bn | Reduced -611.1k |
| Bank Julius Baer & Co. Ltd, Zurich 3.00% of their portfolio | 2.8m $1.0bn | Reduced -23.8k |
| PNC Financial Services Group, Inc. 0.65% of their portfolio | 2.8m $1.0bn | Added +30.8k |
| LPL Financial LLC 0.33% of their portfolio | 2.8m $994.8m | Added +154.5k |
| CIBC Private Wealth Group LLC 1.77% of their portfolio | 2.8m $990.3m | Reduced -342.0k |
| NEUBERGER BERMAN GROUP LLC 0.74% of their portfolio | 2.7m $963.8m | Reduced -108.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 1.07% of their portfolio | 2.7m $961.4m | Added +9.4k |
| Swedbank AB 1.08% of their portfolio | 2.7m $960.9m | First filing |
| Pictet Asset Management Holding SA 0.96% of their portfolio | 2.6m $939.4m | Reduced -73.3k |
| ROYAL LONDON ASSET MANAGEMENT LTD 2.05% of their portfolio | 2.5m $899.4m | Reduced -344.4k |
| NATIXIS ADVISORS, LLC 1.39% of their portfolio | 2.5m $874.7m | Reduced -88.2k |
| AMERICAN CENTURY COMPANIES INC 0.47% of their portfolio | 2.4m $869.0m | Reduced -125.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.67% of their portfolio | 2.4m $866.9m | Reduced -362.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.61% of their portfolio | 2.4m $861.4m | Reduced -548.8k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 9.83% of their portfolio | 2.4m $852.1m | Unchanged |
| Winslow Capital Management, LLC 2.83% of their portfolio | 2.4m $847.7m | Added +679.6k |
| Rockefeller Capital Management L.P. 0.97% of their portfolio | 2.3m $832.3m | Added +1.1m |
| NEW YORK STATE COMMON RETIREMENT FUND 1.06% of their portfolio | 2.2m $796.4m | Added +15.4k |
| MACQUARIE GROUP LTD 0.97% of their portfolio | 2.2m $792.6m | Reduced -150.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 1.41% of their portfolio | 2.2m $792.5m | Added +235.9k |
| WCM INVESTMENT MANAGEMENT, LLC 1.73% of their portfolio | 2.2m $756.0m | Added +88.2k |
| FLOSSBACH VON STORCH SE 3.12% of their portfolio | 2.2m $763.7m | Reduced -68.8k |
| Mawer Investment Management Ltd. 3.81% of their portfolio | 2.1m $750.5m | Reduced -300.2k |
| CANADA LIFE ASSURANCE Co 1.18% of their portfolio | 2.1m $743.1m | Added +29.7k |
| BLAIR WILLIAM & CO/IL 2.04% of their portfolio | 2.1m $735.3m | Added +34.3k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.65% of their portfolio | 2.1m $730.0m | Added +352.4k |
| Corient Private Wealth LP 0.94% of their portfolio | 2.0m $708.7m | Added +116.3k |