4,569 hedge funds and large institutions have $528B invested in Visa in 2025 Q4 according to their latest regulatory filings, with 495 funds opening new positions, 1,787 increasing their positions, 1,843 reducing their positions, and 133 closing their positions.

New
Increased
Maintained
Reduced
Closed

more first-time investments, than exits

New positions opened: | Existing positions closed:

more funds holding in top 10

Funds holding in top 10:

more funds holding

Funds holding:

more ownership

Funds ownership:

5% more capital invested

Capital invested by funds: $503B → $528B (+$24.5B)

1% more call options, than puts

Call options by funds: $5.58B | Put options by funds: $5.54B

3% less repeat investments, than reductions

Existing positions increased: 1,787 | Existing positions reduced: 1,843

Holders
4,569
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
487
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$5.58B
Puts
$5.54B
Net Calls
Net Calls Change

Top Buyers

1 +$1.14B
2 +$1.07B
3 +$721M
4
SG Americas Securities
SG Americas Securities
New York
+$684M
5
Citadel Advisors
Citadel Advisors
Florida
+$509M

Top Sellers

1 -$890M
2 -$675M
3 -$598M
4
Goldman Sachs
Goldman Sachs
New York
-$555M
5
Edgewood Management
Edgewood Management
Connecticut
-$481M
Name Holding Trade Value Shares
Change
Change in
Stake
AM
251
AGF Management
Ontario, Canada
$208M
SLAM
252
Swiss Life Asset Management
$207M
State of New Jersey Common Pension Fund D
253
State of New Jersey Common Pension Fund D
New Jersey
$205M
Two Sigma Investments
254
Two Sigma Investments
New York
$201M
BPCE
255
Bank Pictet & Cie (Europe)
Germany
$200M
EAM
256
Erste Asset Management
Austria
$200M
CWM
257
CIBC World Markets
New York
$200M
CAM
258
Congress Asset Management
Massachusetts
$199M
SFFS
259
Stonehage Fleming Financial Services
Jersey
$198M
SGM
260
Skye Global Management
Florida
$197M
SOMRS
261
State of Michigan Retirement System
Michigan
$194M
FAM
262
Foxhaven Asset Management
Virginia
$193M
Northwestern Mutual Wealth Management
263
Northwestern Mutual Wealth Management
Wisconsin
$191M
UBP
264
Union Bancaire Privee
Switzerland
$191M
LWCFA
265
Loring Wolcott & Coolidge Fiduciary Advisors
Massachusetts
$190M
State of Tennessee, Department of Treasury
266
State of Tennessee, Department of Treasury
Tennessee
$189M
Comerica Bank
267
Comerica Bank
Texas
$188M
FAF
268
Fjarde Ap-fonden
Sweden
$188M
BA
269
Bridgewater Associates
Connecticut
$188M
BT
270
Banque Transatlantique
France
$186M
MNA
271
Manning & Napier Advisors
New York
$185M
DZ Bank
272
DZ Bank
Germany
$185M
HNB
273
Huntington National Bank
Ohio
$184M
CIM
274
CCLA Investment Management
United Kingdom
$182M
AP
275
Altarock Partners
Florida
$181M