Visa Inc. Shares Sold by Fred Alger Management LLC

Institutional investor reduces stake in credit card processor

Mar. 16, 2026 at 10:18am

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Fred Alger Management LLC, an institutional investor, has reduced its stake in Visa Inc. (NYSE:V) by 38.4% in the third quarter, according to a recent 13F filing with the Securities and Exchange Commission. The firm now owns 470,826 shares of the credit-card processor's stock, worth approximately $160,731,000.

Why it matters

Visa's stock performance and institutional investor activity are closely watched by the financial community, as the company's success is seen as a barometer for the broader payments industry. This reduction in stake by a major institutional investor could signal a shift in market sentiment around Visa.

The details

According to the 13F filing, Fred Alger Management LLC sold 293,293 shares of Visa during the third quarter, reducing its total stake in the company to 470,826 shares. The firm's holdings in Visa now make up approximately 0.6% of its overall portfolio.

  • The 13F filing was submitted in the third quarter of 2026.

The players

Fred Alger Management LLC

An institutional investor and asset management firm.

Visa Inc.

A global payments technology company that facilitates electronic funds transfers and digital commerce.

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The takeaway

This reduction in stake by a major institutional investor could signal a shift in market sentiment around Visa, though the overall outlook for the company remains positive according to Wall Street analysts.