News Summary
PositiveVisa delivered strong Q3 FY2026 results with 14% revenue growth to $11.63B, beat estimates, and raised FY2026 guidance for Q4 with mid-teens EPS growth expected. Management initiated a 7% workforce reduction to fund growth investments, while winning key legal victories on swipe-fee settlement approval and ATM fee antitrust dismissal. Analyst sentiment is overwhelmingly bullish with 34 buy ratings and average price target of $416.62, though stock performance has lagged underlying business strength at times during the period.
Funds Buying (6)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| TCI Fund Management | Chris Hohn | 30.5M | +27K | $10.5B | 19.8% | +0% | Existing |
| Viking Global | Andreas Halvorsen | 6.4M | +65K | $2.2B | 6.3% | +1% | Existing |
| Pershing Square | Bill Ackman | 3.3M | +3.3M | $1.1B | 5.8% | — | NEW |
| Point72 | Steve Cohen | 813K | +54K | $279M | 0.4% | +7% | Existing |
| Tiger Global | Chase Coleman | 799K | +799K | $274M | 1.1% | — | NEW |
| Lone Pine Capital | Steve Mandel | 166K | +73K | $57M | 0.3% | +79% | Existing |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where V ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #1 of this fund's book
- 1VISA INC$2,194M
- 2TAIWAN SEMICONDUCTOR MANUFAC$1,513M
- 3AIR PRODUCTS AND CHEMICALS I$1,390M
- 4SHERWIN WILLIAMS CO$1,335M
position #2 of this fund's book
- 1GE AEROSPACE$17,725M
- 2VISA INC$10,462M
- 3MOODYS CORP$6,492M
- 4S&P GLOBAL INC$5,735M
- 5CANADIAN PACIFIC KANSAS CITY$3,926M
position #8 of this fund's book
- 5HOWARD HUGHES HOLDINGS INC$1,991M
- 6RESTAURANT BRANDS INTL INC$1,872M
- 7META PLATFORMS INC$1,800M
- 8VISA INC$1,122M
- 9MASTERCARD INCORPORATED$1,091M
- 10S&P GLOBAL INC$1,056M
- 11NETFLIX INC.$934M
position #23 of this fund's book
- 20BLOCK INC$348M
- 21APOLLO GLOBAL MGMT INC$322M
- 22SEAGATE TECHNOLOGY HLDNGS PL$275M
- 23VISA INC$274M
- 24MERCADOLIBRE INC$260M
- 25LIBERTY MEDIA CORP DEL$217M
- 26NU HLDGS LTD$147M
position #28 of this fund's book
- 25SHARONAI HOLDINGS INC$102M
- 26ALPHABET INC$77M
- 27KODIAK GAS SVCS INC$63M
- 28VISA INC$57M
- 29INTERACTIVE BROKERS GROUP IN$50M
- 30TAIWAN SEMICONDUCTOR MANUFAC$48M
- 31SEA LTD$47M
position #35 of this fund's book
- 32PPL CORP$304M
- 33SEA LTD$290M
- 34INTEL CORP$283M
- 35VISA INC$279M
- 36VISHAY INTERTECHNOLOGY INC$268M
- 37CARNIVAL CORP LTD$264M
- 38UNION PAC CORP$253M
Values are quarter-end position sizes. Shown only for funds where V ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Signal History
| Quarter | Direction | Funds | Score | vs SPY |
|---|---|---|---|---|
| Q2 2026 | LONG | 6 | 7.83 | +3.9% |
| Q1 2026 | LONG | 8 | 11.74 | +1.3% |
Same issuer appearing in consecutive quarters — persistent institutional conviction. Returns are frozen at each archived quarter's last refresh.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| MCINERNEY RYAN | Chief Executive Officer | SELL | 6K | $358.81 | $2.11M | 2026-10-01 | ↗ |
| ROTTENBERG JULIE B | GENERAL COUNSEL | SELL | 2K | $368.34 | $0.69M | 2026-09-09 | ↗ |
| MCINERNEY RYAN | Chief Executive Officer | SELL | 6K | $379.65 | $2.23M | 2026-09-01 | ↗ |
| ROTTENBERG JULIE B | GENERAL COUNSEL | SELL | 2K | $381.35 | $0.77M | 2026-08-31 | ↗ |
| Taneja Rajat | PRESIDENT, TECHNOLOGY | SELL | 18K | $371.00 | $6.65M | 2026-08-21 | ↗ |
| MCINERNEY RYAN | Chief Executive Officer | SELL | 6K | $367.87 | $2.16M | 2026-08-21 | ↗ |
| MAHON TULLIER KELLY | VICE CHAIR, CHF PPL & CORP AFF | SELL | 37K | $365.05 | $13.61M | 2026-07-30 | ↗ |
| MAHON TULLIER KELLY | VICE CHAIR, CHF PPL & CORP AFF | SELL | 20K | $364.81 | $7.29M | 2026-07-30 | ↗ |
| ROTTENBERG JULIE B | GENERAL COUNSEL | SELL | 2K | $360.00 | $0.73M | 2026-07-02 | ↗ |
| MCINERNEY RYAN | Chief Executive Officer | SELL | 9K | $343.88 | $3.04M | 2026-07-01 | ↗ |
| MCINERNEY RYAN | Chief Executive Officer | SELL | 2K | $344.55 | $0.56M | 2026-07-01 | ↗ |
| MCINERNEY RYAN | Chief Executive Officer | SELL | 21K | $340.25 | $7.13M | 2026-06-29 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| Vanguard Capital Management | SC 13G | 123.7M | 7.3% | 2026-04-30 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| Sheldon Whitehouse | senate | — | SELL | $1,001 - $15,000 | 2026-09-04 | 2026-10-01 | ↗ |
| Alan Armstrong | senate | — | BUY | $15,001 - $50,000 | 2026-03-27 | 2026-07-21 | ↗ |
| Thomas H Tuberville | senate | — | SELL | $1,001 - $15,000 | 2024-05-03 | 2026-08-05 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.