Visa Inc.
MX ˙ BMV ˙ US92826C8394
SecurityMX:V / Visa Inc.
InstitutionVulcan Value Partners, LLC
Latest Disclosed Ownership639,454 shares
Latest Disclosed Value $ 193,268,577
Vulcan Value Partners, LLC reports 12.12% decrease in ownership of V / Visa Inc.

On May 11, 2026 - Vulcan Value Partners, LLC filed a 13F-HR form disclosing ownership of 639,454 shares of Visa Inc. (MX:V) valued at $193,268,577 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 727,685 shares of Visa Inc.. This represents a change in shares of -12.12% 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)
2026-05-11 2026-03-31 13F VISA Equity 92826C839 639,454 -88,231 -12.12 193,269 75,691.37 5.1234
2026-02-09 2025-12-31 13F VISA Equity 92826C839 727,685 -23,831 -3.17 255 -99.90 4.6867
2025-11-10 2025-09-30 13F VISA Equity 92826C839 751,516 83,119 12.44 256,639 4.72 4.6521
2025-08-13 2025-06-30 13F VISA Equity 92826C839 668,397 -233,619 -25.90 245,076 -22.45 4.3203
2025-05-08 2025-03-31 13F VISA Equity 92826C839 902,016 -101,508 -10.12 316,018 -0.34 5.9350
2025-02-14 2024-12-31 13F VISA Equity 92826C839 1,003,524 50,208 5.27 317,110 20.98 5.3038
2024-11-13 2024-09-30 13F VISA Equity 92826C839 953,316 -67,061 -6.57 262,114 98,070.04 4.3876
2024-08-14 2024-06-30 13F VISA Equity 92826C839 1,020,377 -28,329 -2.70 268 -8.56 4.0894
2024-05-15 2024-03-31 13F VISA Equity 92826C839 1,048,706 -45,412 -4.15 293 2.82 4.2501
2024-02-13 2023-12-31 13F VISA Equity 92826C839 1,094,118 -214,239 -16.37 285 -5.33 4.1793
2023-11-14 2023-09-30 13F VISA Equity 92826C839 1,308,357 -211,109 -13.89 301 -16.67 4.5840
2023-08-14 2023-06-30 13F VISA Equity 92826C839 1,519,466 -65,629 -4.14 361 0.84 4.5322
2023-05-15 2023-03-31 13F VISA Equity 92826C839 1,585,095 -156,403 -8.98 358 -1.11 4.5247
2023-02-14 2022-12-31 13F VISA Equity 92826C839 1,741,498 -422,379 -19.52 362 -99.91 4.8607
2022-11-14 2022-09-30 13F Visa Equity 92826C839 2,163,877 -271,998 -11.17 384,412 -19.85 4.4974
2022-08-15 2022-06-30 13F VISA Equity 92826C839 2,435,875 -937,142 -27.78 479,599 -35.89 4.6905
2022-05-16 2022-03-31 13F Visa Equity 92826C839 3,373,017 -876,621 -20.63 748,034 -18.77 4.5905
2022-03-04 2021-12-31 13F/A-1 VISA Equity 92826C839 4,249,638 828,347 24.21 920,939 20.84 4.7082
2022-02-14 2021-12-31 13F VISA Equity 92826C839 4,249,638 828,347 920,939 4.7091
2021-11-15 2021-09-30 13F VISA Equity 92826C839 3,421,291 -828,135 -19.49 762,092 -23.30 4.0954
2021-08-16 2021-06-30 13F VISA Equity 92826C839 4,249,426 -235,478 -5.25 993,601 4.63 5.3877
2021-05-17 2021-03-31 13F VISA Equity 92826C839 4,484,904 1,226,342 37.63 949,589 33.23 5.6077
2021-02-16 2020-12-31 13F VISA Equity 92826C839 3,258,562 141,656 4.54 712,745 14.35 4.6088
2020-11-16 2020-09-30 13F VISA Equity 92826C839 3,116,906 -63,273 -1.99 623,288 1.46 4.8473
2020-08-14 2020-06-30 13F VISA Equity 92826C839 3,180,179 466,557 17.19 614,315 40.51 4.8338
2020-05-15 2020-03-31 13F VISA Common Stock 92826C839 2,713,622 82,621 3.14 437,219 -11.56 4.5314
2020-02-14 2019-12-31 13F Visa Common Stock 92826C839 2,631,001 165,588 6.72 494,365 16.57 3.7937
2019-11-14 2019-09-30 13F VISA Common Stock 92826C839 2,465,413 136,049 5.84 424,076 4.90 3.5886
2019-08-14 2019-06-30 13F VISA Common Stock 92826C839 2,329,364 -797,543 -25.51 404,261 -17.23 3.5941
2019-05-16 2019-03-31 13F/A-1 Visa Common Stock 92826C839 3,126,907 -305,474 -8.90 488,392 7.84 4.2101
2019-05-14 2019-03-31 13F VISA Common Stock 92826C839 3,126,907 -305,474 488,392
2019-02-14 2018-12-31 13F VISA Common Stock 92826C839 3,432,381 24,229 0.71 452,868 -11.47 4.1752
2018-11-14 2018-09-30 13F VISA Common Stock 92826C839 3,408,152 -393,860 -10.36 511,529 1.58 3.7335
2018-08-14 2018-06-30 13F VISA Common Stock 92826C839 3,802,012 -644,706 -14.50 503,576 -5.33 3.8954
2018-05-15 2018-03-31 13F VISA Common Stocks 92826C839 4,446,718 -326,826 -6.85 531,916 -2.27 4.2844
2018-02-14 2017-12-31 13F VISA Common Stocks 92826C839 4,773,544 -342,081 -6.69 544,280 1.10 4.4578
2017-11-14 2017-09-30 13F VISA Common Stocks 92826C839 5,115,625 -212,518 -3.99 538,369 7.74 4.6107
2017-08-14 2017-06-30 13F VISA Common Stocks 92826C839 5,328,143 596,745 12.61 499,673 18.83 4.4536
2017-05-15 2017-03-31 13F VISA Common Stocks 92826C839 4,731,398 -108,172 -2.24 420,479 11.37 3.6306
2017-02-14 2016-12-31 13F VISA Common Stocks 92826C839 4,839,570 79,656 1.67 377,563 -4.09 3.3633
2016-11-14 2016-09-30 13F VISA Common Stocks 92826C839 4,759,914 -206,426 -4.16 393,645 6.87 3.6156
2016-08-15 2016-06-30 13F VISA Common Stocks 92826C839 4,966,340 -56,093 -1.12 368,353 -4.10 3.6228
2016-05-18 2016-03-31 13F VISA Common Stocks 92826C839 5,022,433 -63,315 -1.24 384,115 -2.61 3.4518
2016-02-16 2015-12-31 13F VISA Common Stocks 92826C839 5,085,748 -143,037 -2.74 394,400 8.28 3.6668
2015-11-16 2015-09-30 13F VISA Common Stocks 92826C839 5,228,785 374,389 7.71 364,238 11.74 3.5297
2015-08-14 2015-06-30 13F VISA Common Stocks 92826C839 4,854,396 317,046 6.99 325,973 9.83 3.0876
2015-05-15 2015-03-31 13F VISA COM 92826C839 4,537,350 3,151,640 227.44 296,788 -18.32 2.9557
2015-02-17 2014-12-31 13F VISA COM 92826C839 1,385,710 70,840 5.39 363,333 29.83 4.1173
2014-11-07 2014-09-30 13F VISA Common 92826C839 1,314,870 124,695 10.48 279,860 11.59 3.9843
2014-08-13 2014-06-30 13F VISA COM 92826C839 1,190,175 573,173 92.90 250,782 88.29 3.7103
2014-05-13 2014-03-31 13F VISA COM 92826C839 617,002 101,122 19.60 133,186 15.94 2.3556
2014-02-12 2013-12-31 13F VISA COM 92826C839 515,880 115,676 28.90 114,876 50.21 2.4096
2013-11-12 2013-09-30 13F VISA COM 92826C839 400,204 111,252 38.50 76,479 44.83 2.3348
2013-08-14 2013-06-30 13F VISA Common Stocks 92826C839 288,952 288,952 52,806 2.3155
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.