4,526 hedge funds and large institutions have $527B invested in Visa in 2025 Q4 according to their latest regulatory filings, with 466 funds opening new positions, 1,780 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: 1,780 | Existing positions reduced: 1,839

Holders
4,526
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
485
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
CAM
2026
Cozad Asset Management
Illinois
$3.07M
PSB
2027
Passumpsic Savings Bank
Vermont
$3.07M
LAM
2028
L2 Asset Management
Massachusetts
$3.07M
CAMV
2029
Concord Asset Management (Virginia)
Virginia
$3.06M
CAG
2030
Cypress Advisory Group
Arizona
$3.06M
MA
2031
MONECO Advisors
Connecticut
$3.06M
HA
2032
Harfst & Associates
Wyoming
$3.06M
PFGIA
2033
Patriot Financial Group Insurance Agency
Massachusetts
$3.05M
NPA
2034
Nichols & Pratt Advisers
Massachusetts
$3.05M
OIS
2035
Okabena Investment Services
Minnesota
$3.05M
LI
2036
Lafayette Investments
Maryland
$3.05M
TAFW
2037
Tred Avon Family Wealth
Maryland
$3.05M
FWM
2038
ForthRight Wealth Management
Georgia
$3.04M
SAI
2039
Systematic Alpha Investments
New Jersey
$3.04M
HFS
2040
Haverford Financial Services
Pennsylvania
$3.02M
SMC
2041
Smith, Moore & Co
Missouri
$3.02M
CIA
2042
Compass Ion Advisors
Pennsylvania
$3.01M
NL
2043
NWAM LLC
Washington
$3.01M
F8IS
2044
Figure 8 Investment Strategies
Idaho
$3.01M
FPL
2045
Fortress Private Ledger
North Carolina
$3.01M
MSFP
2046
Mark Sheptoff Financial Planning
Connecticut
$2.99M
EWM
2047
Evermay Wealth Management
Virginia
$2.99M
FGA
2048
Fortis Group Advisors
New Jersey
$2.99M
PA
2049
PFW Advisors
Georgia
$2.99M
QC
2050
Quent Capital
New York
$2.98M