Visa Inc.
CH ˙ SWX ˙ US92826C8394
SecurityCH:V / Visa Inc.
InstitutionCheviot Value Management, LLC
Latest Disclosed Ownership78,196 shares
Latest Disclosed Value $ 23,634,096
Cheviot Value Management, LLC reports 6.40% increase in ownership of V / Visa Inc.

On May 12, 2026 - Cheviot Value Management, LLC filed a 13F-HR form disclosing ownership of 78,196 shares of Visa Inc. (CH:V) valued at $23,634,096 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 3, 2026 disclosing 73,492 shares of Visa Inc.. This represents a change in shares of 6.40% 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)
2026-05-12 2026-03-31 13F VISA INC COM CL A Stock 92826C839 78,196 4,704 6.40 23,634 -1.65 2.3739
2026-02-03 2025-12-31 13F VISA INC COM CL A Stock 92826C839 73,492 2,912 4.13 24,030 -1.85 2.3603
2025-10-31 2025-09-30 13F VISA INC COM CL A Stock 92826C839 70,580 -453 -0.64 24,484 2.35 2.6041
2025-08-13 2025-06-30 13F VISA INC COM CL A Stock 92826C839 71,033 -106 -0.15 23,922 -3.54 2.7426
2025-05-09 2025-03-31 13F VISA INC COM CL A Stock 92826C839 71,139 5,253 7.97 24,802 19.11 3.0504
2025-02-14 2024-12-31 13F Visa COM 92826C839 65,886 2,406 3.79 20,823 19.30 3.9814
2024-11-14 2024-09-30 13F Visa COM 92826C839 63,480 -1,093 -1.69 17,454 2.98 3.2924
2024-08-14 2024-06-30 13F Visa COM 92826C839 64,573 -142 -0.22 16,949 -6.16 3.3106
2024-05-14 2024-03-31 13F Visa COM 92826C839 64,715 134 0.21 18,061 6.54 3.9588
2024-02-14 2023-12-31 13F Visa COM 92826C839 64,581 -2,069 -3.10 16,952 10.57 3.6498
2023-11-07 2023-09-30 13F Visa COM 92826C839 66,650 164 0.25 15,330 -2.91 3.3933
2023-11-07 2023-06-30 13F Visa COM 92826C839 66,486 2,698 4.23 15,789 9.79 3.4389
2023-05-15 2023-03-31 13F Visa COM 92826C839 63,788 1,179 1.88 14,382 9.59 3.4584
2023-02-13 2022-12-31 13F Visa COM 92826C839 62,609 1,419 2.32 13,122 20.72 3.2285
2022-11-14 2022-09-30 13F Visa COM 92826C839 61,190 788 1.30 10,870 -8.60 2.9702
2022-08-03 2022-06-30 13F Visa COM 92826C839 60,402 1,009 1.70 11,893 -9.71 2.9671
2022-05-11 2022-03-31 13F Visa COM 92826C839 59,393 4,309 7.82 13,172 10.35 2.7880
2022-02-14 2021-12-31 13F Visa COM 92826C839 55,084 51,249 1,336.35 11,937 1,297.78 2.7971
2021-11-12 2021-09-30 13F Visa COM 92826C839 3,835 12 0.31 854 -4.47 0.2190
2021-08-16 2021-06-30 13F Visa COM 92826C839 3,823 0 0.00 894 10.51 0.2195
2021-05-14 2021-03-31 13F Visa COM 92826C839 3,823 1,257 48.99 809 44.21 0.2248
2021-02-12 2020-12-31 13F Visa COM 92826C839 2,566 72 2.89 561 12.42 0.1693
2020-11-12 2020-09-30 13F Visa COM 92826C839 2,494 0 0.00 499 3.53 0.1731
2020-08-17 2020-06-30 13F Visa COM 92826C839 2,494 -13 -0.52 482 19.31 0.1880
2020-05-13 2020-03-31 13F Visa COM 92826C839 2,507 -507 -16.82 404 -28.62 0.1842
2020-02-12 2019-12-31 13F Visa COM 92826C839 3,014 106 3.65 566 13.20 0.2181
2019-11-15 2019-09-30 13F Visa COM 92826C839 2,908 288 10.99 500 9.89 0.2130
2019-08-14 2019-06-30 13F Visa COM 92826C839 2,620 0 0.00 455 11.25 0.1969
2019-05-14 2019-03-31 13F Visa COM 92826C839 2,620 -150 -5.42 409 12.05 0.1987
2019-02-14 2018-12-31 13F Visa COM 92826C839 2,770 904 48.45 365 30.36 0.1900
2018-11-13 2018-09-30 13F Visa COM 92826C839 1,866 0 0.00 280 13.36 0.1315
2018-08-10 2018-06-30 13F Visa COM 92826C839 1,866 0 0.00 247 10.76 0.1211
2018-05-11 2018-03-31 13F Visa COM 92826C839 1,866 1,866 223 0.1160
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.