4,230 hedge funds and large institutions have $502B invested in Visa in 2025 Q3 according to their latest regulatory filings, with 173 funds opening new positions, 1,802 increasing their positions, 1,737 reducing their positions, and 140 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

less call options, than puts

Call options by funds: $ | Put options by funds: $

less ownership

Funds ownership:

2% less funds holding

Funds holding: 4,3014,230 (-71)

6% less capital invested

Capital invested by funds: $533B → $502B (-$30.4B)

22% less funds holding in top 10

Funds holding in top 10: 566443 (-123)

Holders
4,230
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
443
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$5.16B
Puts
$5.25B
Net Calls
Net Calls Change
Name Holding Trade Value Shares
Change
Change in
Stake
Diamond Hill Capital Management
226
Diamond Hill Capital Management
Ohio
$223M
MSV
227
MN Services Vermogensbeheer
Netherlands
$223M
TG
228
TCW Group
California
$222M
Handelsbanken Fonder
229
Handelsbanken Fonder
Sweden
$220M
Jones Financial Companies
230
Jones Financial Companies
Missouri
$215M
AM
231
AGF Management
Ontario, Canada
$208M
State of Tennessee, Department of Treasury
232
State of Tennessee, Department of Treasury
Tennessee
$208M
FCM
233
Farallon Capital Management
California
$205M
State of New Jersey Common Pension Fund D
234
State of New Jersey Common Pension Fund D
New Jersey
$205M
SOMRS
235
State of Michigan Retirement System
Michigan
$203M
RPI
236
Railway Pension Investments
United Kingdom
$201M
LIP
237
Liontrust Investment Partners
United Kingdom
$200M
BPCE
238
Bank Pictet & Cie (Europe)
Germany
$199M
LWCFA
239
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$199M
FDCDDQ
240
Federation des caisses Desjardins du Quebec
Quebec, Canada
$198M
CAPTRUST Financial Advisors
241
CAPTRUST Financial Advisors
North Carolina
$198M
CAM
242
Congress Asset Management
Massachusetts
$197M
Two Sigma Investments
243
Two Sigma Investments
New York
$196M
Comerica Bank
244
Comerica Bank
Texas
$196M
BT
245
Banque Transatlantique
France
$195M
CBU
246
CIBC Bancorp USA
Illinois
$195M
Fiera Capital (Canada)
247
Fiera Capital (Canada)
Quebec, Canada
$194M
Rafferty Asset Management
248
Rafferty Asset Management
New York
$193M
PAM
249
Panagora Asset Management
Massachusetts
$193M
Qube Research & Technologies (QRT)
250
Qube Research & Technologies (QRT)
United Kingdom
$191M