Visa Inc.
MX ˙ BMV ˙ US92826C8394
SecurityMX:V / Visa Inc.
InstitutionTCI Fund Management Ltd
Latest Disclosed Ownership30,468,133 shares
Latest Disclosed Value $ 9,208,688,518
TCI Fund Management Ltd reports 9.90% increase in ownership of V / Visa Inc.

On May 15, 2026 - TCI Fund Management Ltd filed a 13F-HR form disclosing ownership of 30,468,133 shares of Visa Inc. (MX:V) valued at $9,208,688,518 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 27,724,233 shares of Visa Inc.. This represents a change in shares of 9.90% 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)
2026-05-15 2026-03-31 13F VISA COM CL A 92826C839 30,468,133 2,743,900 9.90 9,208,689 -5.29 20.3863
2026-02-17 2025-12-31 13F VISA COM CL A 92826C839 27,724,233 -333,118 -1.19 9,723,166 1.51 18.1237
2025-11-14 2025-09-30 13F VISA COM CL A 92826C839 28,057,351 8,989,793 47.15 9,578,218 41.48 18.1751
2025-08-14 2025-06-30 13F VISA COM CL A 92826C839 19,067,558 2,429,996 14.61 6,769,936 16.11 13.3511
2025-05-15 2025-03-31 13F VISA COM CL A 92826C839 16,637,562 -159,625 -0.95 5,830,800 9.84 13.4435
2025-02-14 2024-12-31 13F VISA COM CL A 92826C839 16,797,187 0 0.00 5,308,583 14.94 12.5161
2024-11-14 2024-09-30 13F VISA COM CL A 92826C839 16,797,187 0 0.00 4,618,387 4.75 10.4914
2024-08-14 2024-06-30 13F VISA COM CL A 92826C839 16,797,187 0 0.00 4,408,758 -5.95 10.7729
2024-05-15 2024-03-31 13F VISA COM CL A 92826C839 16,797,187 0 0.00 4,687,759 7.19 11.8202
2024-02-14 2023-12-31 13F VISA COM CL A 92826C839 16,797,187 0 0.00 4,373,148 13.19 12.1586
2023-11-14 2023-09-30 13F VISA COM CL A 92826C839 16,797,187 -988,982 -5.56 3,863,521 -8.53 14.0162
2023-08-14 2023-06-30 13F VISA COM CL A 92826C839 17,786,169 -1,505,652 -7.80 4,223,859 -2.89 12.5456
2023-05-15 2023-03-31 13F VISA COM CL A 92826C839 19,291,821 -645,000 -3.24 4,349,534 5.01 14.8937
2023-02-14 2022-12-31 13F VISA COM CL A 92826C839 19,936,821 0 0.00 4,142,074 16.95 13.8394
2022-11-14 2022-09-30 13F VISA COM CL A 92826C839 19,936,821 12,700 0.06 3,541,776 -9.71 12.3940
2022-08-15 2022-06-30 13F VISA COM CL A 92826C839 19,924,121 0 0.00 3,922,860 -11.22 12.4136
2022-05-16 2022-03-31 13F VISA COM CL A 92826C839 19,924,121 -3,170,301 -13.73 4,418,572 -11.71 11.9946
2022-02-14 2021-12-31 13F VISA COM CL A 92826C839 23,094,422 3,155,111 15.82 5,004,792 12.68 11.2630
2021-11-15 2021-09-30 13F VISA COM CL A 92826C839 19,939,311 5,881,421 41.84 4,441,482 35.12 10.6660
2021-08-16 2021-06-30 13F VISA COM CL A 92826C839 14,057,890 0 0.00 3,287,016 10.43 8.1979
2021-05-17 2021-03-31 13F VISA COM CL A 92826C839 14,057,890 0 0.00 2,976,477 -3.20 8.6416
2021-02-16 2020-12-31 13F VISA COM CL A 92826C839 14,057,890 0 0.00 3,074,882 9.38 10.0910
2020-11-16 2020-09-30 13F VISA COM CL A 92826C839 14,057,890 2,842,505 25.34 2,811,156 29.76 10.0842
2020-08-14 2020-06-30 13F VISA COM CL A 92826C839 11,215,385 3,853,636 52.35 2,166,476 82.65 8.5951
2020-05-15 2020-03-31 13F VISA COM CL A 92826C839 7,361,749 6,178,207 522.01 1,186,125 433.36 5.6324
2020-02-14 2019-12-31 13F VISA COM CL A 92826C839 1,183,542 0 0.00 222,388 9.24 0.9839
2019-11-14 2019-09-30 13F VISA COM CL A 92826C839 1,183,542 313,442 36.02 203,581 34.82 1.0564
2019-08-14 2019-06-30 13F VISA COM CL A 92826C839 870,100 870,100 151,006 0.8146
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.