Visa Inc.
MX ˙ BMV ˙ US92826C8394
SecurityMX:V / Visa Inc.
InstitutionValley Forge Advisors, LLC
Latest Disclosed Ownership598,753 shares
Latest Disclosed Value $ 180,967,107
Valley Forge Advisors, LLC reports 34.66% decrease in ownership of V / Visa Inc.

On May 15, 2026 - Valley Forge Advisors, LLC filed a 13F-HR form disclosing ownership of 598,753 shares of Visa Inc. (MX:V) valued at $180,967,107 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 916,410 shares of Visa Inc.. This represents a change in shares of -34.66% 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 598,753 -317,657 -34.66 180,967 -43.69 5.3610
2026-02-17 2025-12-31 13F VISA COM CL A 92826C839 916,410 4,393 0.48 321,394 3.23 7.2857
2025-11-14 2025-09-30 13F VISA COM CL A 92826C839 912,017 0 0.00 311,344 -3.85 7.4897
2025-08-14 2025-06-30 13F VISA COM CL A 92826C839 912,017 0 0.00 323,812 1.31 7.1525
2025-05-15 2025-03-31 13F VISA COM CL A 92826C839 912,017 0 0.00 319,625 10.89 7.2825
2025-02-14 2024-12-31 13F VISA COM CL A 92826C839 912,017 0 0.00 288,234 14.94 6.3491
2024-11-14 2024-09-30 13F VISA COM CL A 92826C839 912,017 0 0.00 250,759 4.75 5.5722
2024-08-14 2024-06-30 13F VISA COM CL A 92826C839 912,017 0 0.00 239,377 -5.95 6.1891
2024-05-15 2024-03-31 13F VISA COM CL A 92826C839 912,017 0 0.00 254,526 7.19 6.9417
2024-02-14 2023-12-31 13F VISA COM CL A 92826C839 912,017 7,040 0.78 237,444 14.07 6.7486
2023-11-14 2023-09-30 13F VISA COM CL A 92826C839 904,977 0 0.00 208,154 -3.15 7.1002
2023-08-14 2023-06-30 13F VISA COM CL A 92826C839 904,977 0 0.00 214,914 5.33 7.2852
2023-05-15 2023-03-31 13F VISA COM CL A 92826C839 904,977 -99,800 -9.93 204,036 -2.26 7.7259
2023-02-14 2022-12-31 13F VISA COM CL A 92826C839 1,004,777 31,300 3.22 208,752 20.71 8.4761
2022-11-14 2022-09-30 13F VISA COM CL A 92826C839 973,477 0 0.00 172,938 -9.77 8.2058
2022-08-15 2022-06-30 13F VISA COM CL A 92826C839 973,477 0 0.00 191,668 -11.22 8.5707
2022-05-16 2022-03-31 13F VISA COM CL A 92826C839 973,477 40,080 4.29 215,888 6.73 8.2122
2022-02-14 2021-12-31 13F VISA COM CL A 92826C839 933,397 -81,906 -8.07 202,276 -10.56 7.6502
2021-11-15 2021-09-30 13F VISA COM CL A 92826C839 1,015,303 0 0.00 226,159 -4.73 8.9847
2021-08-16 2021-06-30 13F VISA COM CL A 92826C839 1,015,303 0 0.00 237,398 10.43 9.2235
2021-05-17 2021-03-31 13F VISA COM CL A 92826C839 1,015,303 477,181 88.68 214,970 82.64 10.1697
2021-02-16 2020-12-31 13F VISA COM CL A 92826C839 538,122 55,200 11.43 117,703 21.88 10.9339
2020-11-16 2020-09-30 13F VISA COM CL A 92826C839 482,922 0 0.00 96,570 3.52 10.4785
2020-08-14 2020-06-30 13F VISA COM CL A 92826C839 482,922 0 0.00 93,286 19.89 11.3389
2020-05-15 2020-03-31 13F VISA COM CL A 92826C839 482,922 0 0.00 77,808 -14.25 16.4790
2020-02-14 2019-12-31 13F VISA COM CL A 92826C839 482,922 0 0.00 90,741 9.24 17.6364
2019-11-14 2019-09-30 13F VISA COM CL A 92826C839 482,922 14,000 2.99 83,067 2.07 18.5389
2019-08-14 2019-06-30 13F VISA COM CL A 92826C839 468,922 19,000 4.22 81,381 15.81 19.2937
2019-05-15 2019-03-31 13F VISA COM CL A 92826C839 449,922 357,922 389.05 70,273 478.95 18.5991
2019-02-14 2018-12-31 13F VISA COM CL A 92826C839 92,000 10,000 12.20 12,138 -1.37 4.5920
2018-11-14 2018-09-30 13F VISA COM CL A 92826C839 82,000 0 0.00 12,307 13.31 4.0954
2018-08-14 2018-06-30 13F VISA COM CL A 92826C839 82,000 0 0.00 10,861 10.72 4.2222
2018-05-15 2018-03-31 13F VISA COM CL A 92826C839 82,000 0 0.00 9,809 4.91 4.5929
2018-02-14 2017-12-31 13F VISA COM CL A 92826C839 82,000 0 0.00 9,350 8.34 4.9363
2017-11-14 2017-09-30 13F VISA COM CL A 92826C839 82,000 0 0.00 8,630 12.22 5.4705
2017-08-14 2017-06-30 13F VISA COM CL A 92826C839 82,000 0 0.00 7,690 5.53 5.4685
2017-05-15 2017-03-31 13F VISA COM CL A 92826C839 82,000 0 0.00 7,287 13.89 5.6715
2017-02-13 2016-12-31 13F VISA COM CL A 92826C839 82,000 82,000 6,398 5.8373
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.