4,452 hedge funds and large institutions have $523B invested in Visa in 2025 Q4 according to their latest regulatory filings, with 427 funds opening new positions, 1,767 increasing their positions, 1,820 reducing their positions, and 132 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:

4% more capital invested

Capital invested by funds: $503B → $523B (+$20.3B)

1% more call options, than puts

Call options by funds: $5.56B | Put options by funds: $5.52B

3% less repeat investments, than reductions

Existing positions increased: 1,767 | Existing positions reduced: 1,820

Holders
4,452
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
478
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$5.56B
Puts
$5.52B
Net Calls
Net Calls Change

Top Sellers

1 -$890M
2 -$675M
3 -$598M
4
Goldman Sachs
Goldman Sachs
New York
-$558M
5
Edgewood Management
Edgewood Management
Connecticut
-$481M
Name Holding Trade Value Shares
Change
Change in
Stake
Bessemer Group
76
Bessemer Group
New Jersey
$1.03B
AF
77
Align Financial
Minnesota
$1.01B
PNC Financial Services Group
78
PNC Financial Services Group
Pennsylvania
$1.01B
Bank Julius Baer & Co
79
Bank Julius Baer & Co
Switzerland
$974M
Nordea Investment Management
80
Nordea Investment Management
Sweden
$967M
CIBC Private Wealth Group
81
CIBC Private Wealth Group
Georgia
$957M
1832 Asset Management
82
1832 Asset Management
Ontario, Canada
$953M
ACM
83
AKRE Capital Management
Virginia
$939M
Grantham, Mayo, Van Otterloo & Co (GMO)
84
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$929M
California State Teachers Retirement System (CalSTRS)
85
California State Teachers Retirement System (CalSTRS)
California
$927M
BNP Paribas Financial Markets
86
BNP Paribas Financial Markets
France
$926M
BNP Paribas Asset Management
87
BNP Paribas Asset Management
France
$903M
Citigroup
88
Citigroup
New York
$870M
SCP
89
Soroban Capital Partners
New York
$848M
Pictet Asset Management
90
Pictet Asset Management
Switzerland
$843M
WT
91
Wellcome Trust
United Kingdom
$842M
Natixis Advisors
92
Natixis Advisors
Massachusetts
$834M
Lazard Asset Management
93
Lazard Asset Management
New York
$828M
Royal London Asset Management
94
Royal London Asset Management
United Kingdom
$827M
Universal-Beteiligungs- und Servicegesellschaft
95
Universal-Beteiligungs- und Servicegesellschaft
Germany
$764M
CWP
96
Capital Wealth Planning
Florida
$758M
TAM
97
Troy Asset Management
United Kingdom
$757M
Flossbach Von Storch
98
Flossbach Von Storch
Germany
$752M
SGA
99
Sustainable Growth Advisers
Connecticut
$742M
WCM Investment Management
100
WCM Investment Management
California
$738M