4,540 hedge funds and large institutions have $527B invested in Visa in 2025 Q4 according to their latest regulatory filings, with 476 funds opening new positions, 1,783 increasing their positions, 1,839 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 → $527B (+$23.8B)

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: 1,783 | Existing positions reduced: 1,839

Holders
4,540
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
486
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 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
BLC
2026
Brown, Lisle/Cummings
Rhode Island
$3.08M
PH
2027
Pinnacle Holdings
Oklahoma
$3.07M
CAM
2028
Cozad Asset Management
Illinois
$3.07M
PSB
2029
Passumpsic Savings Bank
Vermont
$3.07M
LAM
2030
L2 Asset Management
Massachusetts
$3.07M
CAMV
2031
Concord Asset Management (Virginia)
Virginia
$3.06M
CAG
2032
Cypress Advisory Group
Arizona
$3.06M
MA
2033
MONECO Advisors
Connecticut
$3.06M
HA
2034
Harfst & Associates
Wyoming
$3.06M
PFGIA
2035
Patriot Financial Group Insurance Agency
Massachusetts
$3.05M
NPA
2036
Nichols & Pratt Advisers
Massachusetts
$3.05M
OIS
2037
Okabena Investment Services
Minnesota
$3.05M
LI
2038
Lafayette Investments
Maryland
$3.05M
TAFW
2039
Tred Avon Family Wealth
Maryland
$3.05M
FWM
2040
ForthRight Wealth Management
Georgia
$3.04M
SAI
2041
Systematic Alpha Investments
New Jersey
$3.04M
HFS
2042
Haverford Financial Services
Pennsylvania
$3.02M
SMC
2043
Smith, Moore & Co
Missouri
$3.02M
CIA
2044
Compass Ion Advisors
Pennsylvania
$3.01M
NL
2045
NWAM LLC
Washington
$3.01M
F8IS
2046
Figure 8 Investment Strategies
Idaho
$3.01M
FPL
2047
Fortress Private Ledger
North Carolina
$3.01M
MSFP
2048
Mark Sheptoff Financial Planning
Connecticut
$2.99M
EWM
2049
Evermay Wealth Management
Virginia
$2.99M
FGA
2050
Fortis Group Advisors
New Jersey
$2.99M