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 ($2.4bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $341.23. Options: 50 managers hold calls ($4.5bn notional), 69 hold puts ($5.3bn).
Trends to Q3 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 |
| Q3 2025 | 4,318 |
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 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 |
| Q3 2025 | 1,961 | 1,906 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2024 | $5.1bn | $6.4bn | 1.25 |
| Q1 2025 | $4.7bn | $6.6bn | 1.40 |
| Q2 2025 | $4.6bn | $5.6bn | 1.23 |
| Q3 2025 | $4.5bn | $5.3bn | 1.19 |
Biggest buyers
| TCI FUND MANAGEMENT LTD | Added | +9.0m |
| JPMORGAN CHASE & CO | Added | +8.4m |
| Ninety One UK Ltd | Added | +6.3m |
| CITADEL ADVISORS LLC | Added | +3.0m |
| Holocene Advisors, LP | Added | +1.9m |
| T. Rowe Price Investment Management, Inc. | Added | +1.8m |
| Lombard Odier Asset Management (Europe) Ltd | New | +1.5m |
| Capital Research Global Investors | Added | +1.4m |
| Invesco Ltd. | Added | +1.3m |
| VIKING GLOBAL INVESTORS LP | Added | +1.3m |
Biggest sellers
| ROYAL BANK OF CANADA | Reduced | -13.6m |
| FMR LLC | Reduced | -7.2m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Reduced | -3.7m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -3.0m |
| VANGUARD GROUP INC | Reduced | -2.6m |
| MORGAN STANLEY | Reduced | -2.0m |
| AXA S.A. | Reduced | -1.7m |
| FRANKLIN RESOURCES INC | Reduced | -1.4m |
| POLEN CAPITAL MANAGEMENT LLC | Reduced | -1.3m |
| ALLIANCEBERNSTEIN L.P. | Reduced | -1.1m |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.1bn3.2m shares |
| CITADEL ADVISORS LLC | Reduced | $913.2m2.7m shares |
| JANE STREET GROUP, LLC | Reduced | $293.1m858.7k shares |
| Parallax Volatility Advisers, L.P. | Added | $241.4m707.0k shares |
| WOLVERINE TRADING, LLC | Added | $225.7m663.6k shares |
| D. E. Shaw & Co., Inc. | Added | $181.9m532.7k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $156.9m459.6k shares |
| NOMURA HOLDINGS INC | New | $150.5m440.8k shares |
| UBS Group AG | Reduced | $146.2m428.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $142.9m418.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $906.5m2.7m shares |
| CITIGROUP INC | Added | $780.6m2.3m shares |
| CITADEL ADVISORS LLC | Added | $677.6m2.0m shares |
| UBS Group AG | Reduced | $449.1m1.3m shares |
| IMC-Chicago, LLC | Reduced | $307.3m900.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $296.7m869.1k shares |
| JANE STREET GROUP, LLC | Reduced | $245.3m718.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $162.5m477.7k shares |
| JPMORGAN CHASE & CO | Added | $141.7m415.0k shares |
| Optiver Holding B.V. | Reduced | $128.8m377.2k 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 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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 2 | $11.0m | $11.0m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-09-02 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $3.7m10.5k shares |
| 2025-08-18 | ROTTENBERG JULIE B GENERAL COUNSEL | Sold plan | $697.3k2.0k shares |
| 2025-08-14 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $3.6m10.5k shares |
| 2025-07-01 | MCINERNEY RYAN Chief Executive Officer, director | Sold plan | $3.1m8.6k 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, Q3 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.82% of their portfolio | 159.9m $54.6bn | Reduced -2.6m |
| BlackRock, Inc. 0.85% of their portfolio | 141.1m $48.2bn | Added +420.3k |
| STATE STREET CORP 0.97% of their portfolio | 82.2m $28.1bn | Added +157.1k |
| FMR LLC 0.86% of their portfolio | 48.7m $16.6bn | Reduced -7.2m |
| MORGAN STANLEY 0.99% of their portfolio | 48.1m $16.4bn | Reduced -2.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.95% of their portfolio | 43.7m $14.9bn | Added +556.8k |
| PRICE T ROWE ASSOCIATES INC /MD/ 1.47% of their portfolio | 40.4m $13.8bn | Reduced -787.3k |
| JPMORGAN CHASE & CO 0.34% of their portfolio | 31.1m $10.6bn | Added +8.4m |
| TCI FUND MANAGEMENT LTD 18.18% of their portfolio | 28.1m $9.6bn | Added +9.0m |
| Capital World Investors 1.16% of their portfolio | 24.8m $8.5bn | Added +193.3k |
| BANK OF AMERICA CORP /DE/ 0.60% of their portfolio | 23.4m $8.0bn | Reduced -218.0k |
| Capital International Investors 1.17% of their portfolio | 21.3m $7.3bn | Reduced -13.1k |
| ALLIANCEBERNSTEIN L.P. 2.13% of their portfolio | 19.8m $6.8bn | Reduced -1.1m |
| NORTHERN TRUST CORP 0.80% of their portfolio | 18.3m $6.2bn | Reduced -302.4k |
| GOLDMAN SACHS GROUP INC 0.84% of their portfolio | 17.0m $5.8bn | Added +893.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.72% of their portfolio | 13.2m $4.5bn | Added +370.2k |
| AMERIPRISE FINANCIAL INC 1.03% of their portfolio | 13.1m $4.5bn | Added +531.0k |
| Bank of New York Mellon Corp 0.78% of their portfolio | 12.8m $4.4bn | Reduced -381.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.95% of their portfolio | 12.8m $4.4bn | Reduced -3.7m |
| ROYAL BANK OF CANADA 0.76% of their portfolio | 12.5m $4.3bn | Reduced -13.6m |
| Ninety One UK Ltd 4.65% of their portfolio | 12.5m $4.3bn | Added +6.3m |
| Legal & General Group Plc 0.95% of their portfolio | 12.5m $4.3bn | Added +399.8k |
| Invesco Ltd. 0.64% of their portfolio | 11.9m $4.1bn | Added +1.3m |
| UBS Group AG 0.76% of their portfolio | 11.4m $3.9bn | Reduced -546.2k |
| DEUTSCHE BANK AG\ 1.09% of their portfolio | 9.5m $3.3bn | Added +683.5k |
| WELLINGTON MANAGEMENT GROUP LLP 0.57% of their portfolio | 9.5m $3.2bn | Reduced -473.2k |
| Nuveen, LLC 0.84% of their portfolio | 9.3m $3.2bn | Reduced -929.3k |
| LOOMIS SAYLES & CO L P 3.76% of their portfolio | 9.3m $3.2bn | Added +239.6k |
| BARCLAYS PLC 1.07% of their portfolio | 8.5m $2.9bn | Added +478.6k |
| DIMENSIONAL FUND ADVISORS LP 0.62% of their portfolio | 8.4m $2.9bn | Added +108.3k |
| Berkshire Hathaway Inc 1.06% of their portfolio | 8.3m $2.8bn | Unchanged |
| FRANKLIN RESOURCES INC 0.69% of their portfolio | 8.1m $2.8bn | Reduced -1.4m |
| WELLS FARGO & COMPANY/MN 0.56% of their portfolio | 8.1m $2.8bn | Reduced -90.1k |
| BROWN ADVISORY INC 3.40% of their portfolio | 7.6m $2.6bn | Added +451.6k |
| Clearbridge Investments, LLC 1.94% of their portfolio | 7.5m $2.6bn | Reduced -669.5k |
| JENNISON ASSOCIATES LLC 1.49% of their portfolio | 7.5m $2.6bn | Added +133.9k |
| Fisher Asset Management, LLC 0.91% of their portfolio | 7.4m $2.5bn | Added +98.9k |
| HSBC HOLDINGS PLC 1.46% of their portfolio | 7.3m $2.5bn | Added +244.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 1.85% of their portfolio | 6.9m $2.4bn | Reduced -41.9k |
| Amundi 0.75% of their portfolio | 6.7m $2.3bn | Added +198.9k |
| Mitsubishi UFJ Asset Management Co., Ltd. 1.56% of their portfolio | 6.3m $2.2bn | Reduced -685.6k |
| Temasek Holdings (Private) Ltd 7.35% of their portfolio | 6.2m $2.1bn | Added +266.0k |
| RAYMOND JAMES FINANCIAL INC 0.63% of their portfolio | 5.7m $2.0bn | Reduced -78.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.58% of their portfolio | 5.4m $1.9bn | Reduced -3.0m |
| BANK OF MONTREAL /CAN/ 0.74% of their portfolio | 5.1m $1.8bn | Added +255.0k |
| EDGEWOOD MANAGEMENT LLC 6.15% of their portfolio | 5.1m $1.7bn | Reduced -538.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.85% of their portfolio | 4.9m $1.7bn | Reduced -12.8k |
| Swiss National Bank 0.98% of their portfolio | 4.9m $1.7bn | Reduced -284.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.88% of their portfolio | 4.5m $1.5bn | Added +37.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.84% of their portfolio | 4.4m $1.4bn | Added +537.5k |
| POLEN CAPITAL MANAGEMENT LLC 4.81% of their portfolio | 4.3m $1.5bn | Reduced -1.3m |
| ENVESTNET ASSET MANAGEMENT INC 0.41% of their portfolio | 4.2m $1.4bn | Reduced -106.6k |
| PRIMECAP MANAGEMENT CO/CA/ 1.06% of their portfolio | 4.1m $1.4bn | Reduced -182.8k |
| SANDS CAPITAL MANAGEMENT, LLC 3.79% of their portfolio | 4.0m $1.4bn | Reduced -3.1k |
| Fundsmith LLP 6.65% of their portfolio | 3.9m $1.3bn | Added +265 |
| JANUS HENDERSON GROUP PLC 0.56% of their portfolio | 3.6m $1.2bn | Added +117.4k |
| LAZARD ASSET MANAGEMENT LLC 1.66% of their portfolio | 3.6m $1.2bn | Reduced -1.7k |
| T. Rowe Price Investment Management, Inc. 0.75% of their portfolio | 3.6m $1.2bn | Added +1.8m |
| California Public Employees Retirement System 0.72% of their portfolio | 3.5m $1.2bn | Reduced -54.6k |
| STIFEL FINANCIAL CORP 1.09% of their portfolio | 3.5m $1.2bn | Reduced -71.0k |
| CITIGROUP INC 0.82% of their portfolio | 3.5m $1.2bn | Added +4.2k |
| Rathbones Group PLC 4.59% of their portfolio | 3.3m $1.1bn | Reduced -117.0k |
| RHUMBLINE ADVISERS 0.91% of their portfolio | 3.3m $1.1bn | Reduced -59.1k |
| TD Asset Management Inc 0.90% of their portfolio | 3.3m $1.1bn | Reduced -789.4k |
| National Pension Service 0.86% of their portfolio | 3.2m $1.1bn | Added +97.0k |
| Capital Research Global Investors 0.20% of their portfolio | 3.2m $1.1bn | Added +1.4m |
| BESSEMER GROUP INC 1.65% of their portfolio | 3.2m $1.1bn | Added +8.8k |
| Sanders Capital, LLC 1.31% of their portfolio | 3.1m $1.1bn | Added +36.1k |
| CITADEL ADVISORS LLC 0.84% of their portfolio | 3.1m $1.0bn | Added +3.0m |
| Fayez Sarofim & Co 2.43% of their portfolio | 3.0m $1.0bn | Reduced -14.2k |
| AKRE CAPITAL MANAGEMENT LLC 10.12% of their portfolio | 3.0m $1.0bn | Reduced -201.5k |
| Swedbank AB 1.03% of their portfolio | 3.0m $1.0bn | Added +257.6k |
| LPL Financial LLC 0.29% of their portfolio | 2.9m $994.2m | Added +110.4k |
| VIKING GLOBAL INVESTORS LP 2.57% of their portfolio | 2.9m $989.0m | Added +1.3m |
| PNC Financial Services Group, Inc. 0.60% of their portfolio | 2.9m $984.8m | Added +60.2k |
| NEUBERGER BERMAN GROUP LLC 0.71% of their portfolio | 2.8m $971.5m | Added +131.3k |
| Bank Julius Baer & Co. Ltd, Zurich 2.73% of their portfolio | 2.8m $966.9m | Reduced -8.3k |
| Robeco Institutional Asset Management B.V. 1.40% of their portfolio | 2.8m $963.8m | Reduced -315.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.84% of their portfolio | 2.8m $961.9m | Reduced -77.0k |
| CIBC Private Wealth Group LLC 1.61% of their portfolio | 2.8m $943.3m | Reduced -26.1k |
| 1832 Asset Management L.P. 1.58% of their portfolio | 2.7m $933.2m | Reduced -125.8k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.95% of their portfolio | 2.7m $921.4m | Reduced -8.6k |
| GQG Partners LLC 1.37% of their portfolio | 2.6m $894.4m | Reduced -409.8k |
| Sustainable Growth Advisers, LP 5.15% of their portfolio | 2.6m $879.1m | Reduced -328.5k |
| Holocene Advisors, LP 1.98% of their portfolio | 2.5m $862.3m | Added +1.9m |
| Pictet Asset Management Holding SA 0.83% of their portfolio | 2.5m $859.6m | Reduced -128.2k |
| NATIXIS ADVISORS, LLC 1.24% of their portfolio | 2.5m $852.2m | Added +32.8k |
| ROYAL LONDON ASSET MANAGEMENT LTD 1.81% of their portfolio | 2.5m $839.8m | Reduced -73.0k |
| Grantham, Mayo, Van Otterloo & Co. LLC 2.35% of their portfolio | 2.4m $833.0m | Added +13.9k |
| WELLCOME TRUST LTD (THE) as trustee of the WELLCOME TRUST 8.92% of their portfolio | 2.4m $819.3m | Unchanged |
| Egerton Capital (UK) LLP 8.58% of their portfolio | 2.4m $813.6m | Added +473.1k |
| Mawer Investment Management Ltd. 4.17% of their portfolio | 2.4m $803.2m | Added +238.9k |
| Troy Asset Management Ltd 18.56% of their portfolio | 2.3m $722.8m | Added +883.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.60% of their portfolio | 2.3m $770.8m | Reduced -183.7k |
| CANADA LIFE ASSURANCE Co 1.10% of their portfolio | 2.3m $767.0m | Added +162.8k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 1.25% of their portfolio | 2.2m $748.6m | Reduced -39.2k |
| AMF Tjanstepension AB 2.99% of their portfolio | 2.2m $748.2m | Added +804.1k |
| FLOSSBACH VON STORCH SE 2.92% of their portfolio | 2.2m $741.5m | Added +21.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.94% of their portfolio | 2.1m $730.3m | Reduced -103.8k |
| WCM INVESTMENT MANAGEMENT, LLC 1.51% of their portfolio | 2.1m $727.4m | Reduced -30.3k |