Visa Inc.
CH ˙ SWX ˙ US92826C8394
SecurityCH:003826452 / Visa Inc.
InstitutionCarmignac Gestion
Latest Disclosed Ownership10,552 shares
Latest Disclosed Value $ 3,700,692
Carmignac Gestion ownership in 003826452 / Visa Inc.

On February 13, 2026 - Carmignac Gestion filed a 13F-HR form disclosing ownership of 10,552 shares of Visa Inc. (CH:003826452) valued at $3,700,692 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 13, 2025 disclosing 10,552 shares of Visa Inc.. This represents a change in shares of 0.00% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-13 2025-12-31 13F VISA COM CL A 92826C839 10,552 0 0.00 3,701 2.72 0.0501
2025-11-13 2025-09-30 13F VISA COM CL A 92826C839 10,552 -1,877 -15.10 3,602 -18.36 0.0537
2025-08-13 2025-06-30 13F VISA COM CL A 92826C839 12,429 0 0.00 4,413 1.31 0.0679
2025-05-14 2025-03-31 13F VISA COM CL A 92826C839 12,429 1,499 13.71 4,356 26.09 0.0715
2025-02-13 2024-12-31 13F VISA COM CL A 92826C839 10,930 1,449 15.28 3,454 32.54 0.0550
2024-11-13 2024-09-30 13F VISA COM CL A 92826C839 9,481 -415 -4.19 2,607 0.35 0.0435
2024-08-13 2024-06-30 13F VISA COM CL A 92826C839 9,896 5,215 111.41 2,597 98.85 0.0445
2024-05-14 2024-03-31 13F VISA COM CL A 92826C839 4,681 0 0.00 1,306 7.22 0.0207
2024-02-13 2023-12-31 13F VISA COM CL A 92826C839 4,681 134 2.95 1,219 16.56 0.0205
2023-11-29 2023-09-30 13F/A-1 VISA COM CL A 92826C839 4,547 0 0.00 1,046 -3.15 0.0192
2023-11-13 2023-09-30 13F VISA COM CL A 92826C839 4,547 0 1,046 0.0194
2023-08-11 2023-06-30 13F VISA COM CL A 92826C839 4,547 -1,825 -28.64 1,080 -24.86 0.0186
2023-05-12 2023-03-31 13F VISA COM CL A 92826C839 6,372 3,931 161.04 1,437 183.23 0.0239
2023-02-13 2022-12-31 13F VISA COM CL A 92826C839 2,441 474 24.10 507 45.27 0.0092
2022-11-10 2022-09-30 13F VISA COM CL A 92826C839 1,967 208 11.82 349 0.87 0.0075
2022-08-12 2022-06-30 13F VISA COM CL A 92826C839 1,759 0 0.00 346 -11.28 0.0073
2022-05-13 2022-03-31 13F VISA COM CL A 92826C839 1,759 -627 -26.28 390 -24.56 0.0063
2022-02-11 2021-12-31 13F VISA COM CL A 92826C839 2,386 -308,072 -99.23 517 -99.25 0.0072
2021-11-12 2021-09-30 13F VISA COM CL A 92826C839 310,458 -292,170 -48.48 69,156 -50.92 0.8636
2021-08-13 2021-06-30 13F VISA COM CL A 92826C839 602,628 602,628 140,908 1.6338
2021-05-14 2021-03-31 13F VISA COM CL A 92826C839 0 -4,073 -100.00 0 -100.00
2021-02-12 2020-12-31 13F VISA COM CL A 92826C839 4,073 265 6.96 890 16.95 0.0093
2020-11-13 2020-09-30 13F VISA COM CL A 92826C839 3,808 -104,244 -96.48 761 -96.35 0.0090
2020-08-13 2020-06-30 13F VISA COM CL A 92826C839 108,052 -47,568 -30.57 20,871 -16.76 0.2884
2020-05-14 2020-03-31 13F VISA COM CL A 92826C839 155,620 -89,393 -36.49 25,073 -45.54 0.4280
2020-02-13 2019-12-31 13F VISA COM CL A 92826C839 245,013 -262,833 -51.75 46,038 -47.30 0.6150
2019-11-13 2019-09-30 13F VISA COM CL A 92826C839 507,846 6,994 1.40 87,355 0.50 1.1019
2019-08-13 2019-06-30 13F VISA COM CL A 92826C839 500,852 -733,565 -59.43 86,923 -54.92 1.0798
2019-05-14 2019-03-31 13F VISA INC- SHARES COM CL A 92826C839 1,234,417 194,468 18.70 192,804 40.52 2.2460
2019-02-15 2018-12-31 13F/A-1 VISA COM CL A 92826C839 1,039,949 -153,971 -12.90 137,211 -23.43 2.0719
2019-02-13 2018-12-31 13F VISA INC- SHARES COM CL A 92826C839 1,039,949 -153,971 137,211
2018-11-13 2018-09-30 13F VISA INC- SHARES COM CL A 92826C839 1,193,920 -222,536 -15.71 179,195 -4.49 1.5188
2018-08-13 2018-06-30 13F VISA INC- SHARES COM CL A 92826C839 1,416,456 -306,413 -17.79 187,610 -8.97 1.3994
2018-05-14 2018-03-31 13F VISA INC- SHARES COM CL A 92826C839 1,722,869 -166,162 -8.80 206,090 -4.32 1.4457
2018-02-13 2017-12-31 13F VISA INC- SHARES COM CL A 92826C839 1,889,031 -1,531,709 -44.78 215,387 -40.17 1.4315
2017-11-13 2017-09-30 13F VISA INC- SHARES COM CL A 92826C839 3,420,740 -106,612 -3.02 359,999 8.83 2.7681
2017-08-14 2017-06-30 13F VISA INC- SHARES COM CL A 92826C839 3,527,352 -1,190,502 -25.23 330,795 -21.10 2.6833
2017-05-15 2017-03-31 13F VISA INC- SHARES COM CL A 92826C839 4,717,854 -711,907 -13.11 419,276 -1.03 3.2127
2017-02-14 2016-12-31 13F VISA INC- SHARES COM CL A 92826C839 5,429,761 19,800 0.37 423,630 -5.31 3.2908
2016-11-30 2016-09-30 13F/A-1 VISA INC- SHARES COM CL A 92826C839 5,409,961 -2,814,272 -34.22 447,404 -26.65 3.3426
2016-10-26 2016-09-30 13F VISA COM CL A 92826C839 5,409,961 447,404
2016-07-27 2016-06-30 13F VISA COM CL A 92826C839 8,224,233 1,418,029 20.83 609,991 17.18 5.2213
2016-05-13 2016-03-31 13F VISA COM CL A 92826C839 6,806,204 28,800 0.42 520,538 -0.96 5.0707
2016-02-10 2015-12-31 13F VISA COM CL A 92826C839 6,777,404 718 0.01 525,588 11.34 5.7886
2015-11-09 2015-09-30 13F VISA COM CL A 92826C839 6,776,686 -23,914 -0.35 472,064 3.37 5.9847
2015-08-07 2015-06-30 13F VISA COM CL A 92826C839 6,800,600 23,500 0.35 456,660 3.02 4.0759
2015-05-11 2015-03-31 13F VISA COM CL A 92826C839 6,777,100 6,777,100 443,290 3.9248
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.