Visa Inc.
US ˙ NYSE ˙ US92826C8394

SecurityV / Visa Inc.
InstitutionTroy Asset Management Ltd
Latest Disclosed Ownership1,631,911 shares
Latest Disclosed Value $ 493,228,781
Troy Asset Management Ltd reports 31.96% decrease in ownership of V / Visa Inc.

On May 11, 2026 - Troy Asset Management Ltd filed a 13F-HR form disclosing ownership of 1,631,911 shares of Visa Inc. (US:V) valued at $493,228,781 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 2,398,295 shares of Visa Inc.. This represents a change in shares of -31.96% during the quarter. The current value of the position is $528,037,442 USD.

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)
2026-05-11 2026-03-31 13F VISA INC- SHARES COM CL A 92826C839 1,631,911 -766,384 -31.96 493,229 -34.85 14.7137
2026-02-09 2025-12-31 13F VERISIGN COM 92826C839 2,398,295 128,350 5.65 757,008 4.73 19.5090
2025-11-07 2025-09-30 13F VERISIGN COM 92826C839 2,269,945 883,655 63.74 722,796 46.85 18.5585
2025-11-07 2025-06-30 13F/A-1 VISA INC- SHARES COM CL A 92826C839 1,386,290 0 0.00 492,202 0.00 13.4459
2025-08-14 2025-06-30 13F VISA INC- SHARES COM CL A 92826C839 1,386,290 -26,334 492,202 13.5694
2025-11-07 2025-03-31 13F/A-1 VISA INC- SHARES COM CL A 92826C839 1,386,290 -199,045 -12.56 492,202 -1.76 13.4715
2025-05-14 2025-03-31 13F VISA INC- SHARES COM CL A 92826C839 1,412,624 -172,711 495,068 15.9777
2025-02-12 2024-12-31 13F VISA INC-CLASS COM CL A 92826C839 1,585,335 -27,671 -1.72 501,029 12.97 16.8060
2024-11-01 2024-09-30 13F VISA INC-CLASS COM CL A 92826C839 1,613,006 42,987 2.74 443,496 7.62 14.2958
2025-12-03 2024-06-30 13F/A-4 VISA INC-CLASS COM CL A 92826C839 1,570,019 -15,806 -1.00 412,083 93,131.22 13.3838
2024-07-23 2024-06-30 13F VISA INC- SHARES COM 92826C839 1,570,019 -15,806 412 14.1953
2024-04-29 2024-03-31 13F VISA INC- SHARES COM 92826C839 1,585,825 11,365 0.72 443 8.07 13.7083
2024-02-07 2023-12-31 13F VISA INC- SHARES COM 92826C839 1,574,460 -94,346 -5.65 410 -99.89 13.1947
2024-09-10 2023-09-30 13F/A-1 VISA INC- SHARES COM CL A 92826C839 1,668,806 -18,654 -1.11 383,842 -4.22 12.0678
2023-11-03 2023-09-30 13F VISA INC- SHARES COM 92826C839 1,668,806 -18,654 384 12.0678
2024-09-10 2023-06-30 13F/A-1 VISA INC- SHARES COM CL A 92826C839 1,687,460 -289,056 -14.62 400,738 89,953.48 11.8369
2023-08-01 2023-06-30 13F VISA INC- SHARES COM 92826C839 1,687,460 -289,056 401 11.8369
2023-04-28 2023-03-31 13F VISA INC- SHARES COM 92826C839 1,976,516 -63,570 -3.12 446 5.20 13.4198
2023-01-20 2022-12-31 13F VISA INC- SHARES COM 92826C839 2,040,086 -296,162 -12.68 424 -99.90 12.3457
2022-11-07 2022-09-30 13F VISA INC- SHARES COM 92826C839 2,336,248 -763,318 -24.63 415,034 -31.99 12.1009
2022-08-05 2022-06-30 13F VISA INC- SHARES COM 92826C839 3,099,566 42,867 1.40 610,274 -9.97 12.6794
2022-05-06 2022-03-31 13F VISA INC- SHARES COM 92826C839 3,056,699 -6,918 -0.23 677,884 2.10 12.2041
2022-02-01 2021-12-31 13F VISA INC- SHARES COM 92826C839 3,063,617 525,147 20.69 663,916 17.41 11.7288
2021-11-12 2021-09-30 13F VISA INC- SHARES COM 92826C839 2,538,470 -222 -0.01 565,444 -4.74 10.7870
2021-08-06 2021-06-30 13F VISA INC- SHARES COM 92826C839 2,538,692 1,705,692 204.76 593,596 2,789.67 10.2159
2021-05-13 2021-03-31 13F WESTERN UNION COM 92826C839 833,000 -1,334,476 -61.57 20,542 -95.67 0.3885
2021-02-10 2020-12-31 13F VISA INC- SHARES COM 92826C839 2,167,476 145,748 7.21 474,092 17.27 9.7002
2020-11-13 2020-09-30 13F VISA INC- SHARES COM 92826C839 2,021,728 552,019 37.56 404,285 42.73 9.8469
2020-08-10 2020-06-30 13F VISA INC- SHARES COM 92826C839 1,469,709 17,868 1.23 283,261 21.09 7.9764
2020-05-14 2020-03-31 13F VISA INC- SHARES COM 92826C839 1,451,841 1,297,500 840.67 233,921 706.60 7.6926
2020-02-11 2019-12-31 13F VISA INC- SHARES COM 92826C839 154,341 10,300 7.15 29,001 17.05 1.0558
2019-11-13 2019-09-30 13F VISA INC- SHARES COM 92826C839 144,041 6,600 4.80 24,776 3.87 0.9988
2019-07-25 2019-06-30 13F VISA INC- SHARES COM 92826C839 137,441 9,600 7.51 23,853 19.46 0.9984
2019-04-26 2019-03-31 13F VISA INC- SHARES COM 92826C839 127,841 18,000 16.39 19,967 37.78 0.9777
2019-01-22 2018-12-31 13F VISA INC- SHARES COM 92826C839 109,841 0 0.00 14,492 -12.10 0.7250
2018-10-22 2018-09-30 13F VISA INC- SHARES COM 92826C839 109,841 0 0.00 16,486 13.32 0.7773
2018-07-31 2018-06-30 13F VISA INC- SHARES COM 92826C839 109,841 4,537 4.31 14,548 15.50 0.7487
2018-05-14 2018-03-31 13F/A-1 VISA INC- SHARES COM 92826C839 105,304 8,727 9.04 12,596 14.39 0.5809
2018-05-14 2018-03-31 13F VISA INC- SHARES COM 92826C839 96,577 0 11,011
2018-02-08 2017-12-31 13F VISA INC- SHARES COM 92826C839 96,577 0 0.00 11,011 8.33 0.4545
2017-10-24 2017-09-30 13F VISA INC- SHARES COM 92826C839 96,577 96,577 10,164 0.4599
2017-02-14 2016-12-31 13F VISA INC- SHARES COM 92826C839 0 -25,000 -100.00 0 -100.00
2016-11-14 2016-09-30 13F VISA INC- SHARES COM 92826C839 25,000 25,000 2,068 0.1105
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.