4,465 hedge funds and large institutions have $523B invested in Visa in 2025 Q4 according to their latest regulatory filings, with 431 funds opening new positions, 1,770 increasing their positions, 1,825 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 (+$20.4B)

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: 1,770 | Existing positions reduced: 1,825

Holders
4,465
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
479
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
LCM
1976
Legato Capital Management
California
$3.25M
WPW
1977
Waldron Private Wealth
Pennsylvania
$3.25M
SCI
1978
Stableford Capital II
Arizona
$3.24M
SHFA
1979
SS&H Financial Advisors
Michigan
$3.24M
TWM
1980
TCFG Wealth Management
California
$3.24M
CA
1981
Callahan Advisors
Texas
$3.24M
DC
1982
DeDora Capital
California
$3.24M
B
1983
Barings
North Carolina
$3.23M
AW
1984
Alaethes Wealth
Nevada
$3.23M
Koshinski Asset Management
1985
Koshinski Asset Management
Illinois
$3.23M
KA
1986
Klingman & Associates
New York
$3.23M
RLH
1987
RD Lewis Holdings
Florida
$3.22M
HIC
1988
Holderness Investments Company
North Carolina
$3.22M
ZIG
1989
Zuckerman Investment Group
Illinois
$3.19M
SCA
1990
Sander Capital Advisors
Washington
$3.19M
TP
1991
Tranquility Partners
Tennessee
$3.18M
MAM
1992
MWA Asset Management
Massachusetts
$3.18M
SOS
1993
Silver Oak Securities
Tennessee
$3.18M
AMCA
1994
Arthur M. Cohen & Associates
Illinois
$3.17M
DWAM
1995
Duncan Williams Asset Management
Tennessee
$3.17M
UW
1996
Unique Wealth
Florida
$3.16M
ICP
1997
Impact Capital Partners
Colorado
$3.16M
NG
1998
Novem Group
New York
$3.16M
WSA
1999
Warm Springs Advisors
California
$3.15M
CWM
2000
Centric Wealth Management
Illinois
$3.15M