Smart Money Had It Right As Visa (V) Beats On Earnings

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How have hedgies been trading Visa Inc. (NYSE:V)?

According to our database, Fisher Asset Management, managed by Ken Fisher, holds the most valuable position in Visa Inc. (NYSE:V). Fisher Asset Management has 14.32 million shares, comprising 1.9% of its 13F portfolio. On Fisher Asset Management’s heels is Warren Buffett’s Berkshire Hathaway, which has 9.87 million shares; the holding company has 0.6% of its 13F portfolio invested in the stock. Other hedgies that hold long positions consist of Paul Ruddock and Steve Heinz’s Lansdowne Partners, with 12.66 million shares, and Stephen Mandel’s Lone Pine Capital with 9.51 million shares.

It is due to the positive growth of Visa Inc, that many hedge funds increased their positions by more than double during the quarter. Renaissance Technologies, managed by Jim Simons, added 4.28 million shares to his holding, an increase of more than 1,000%, while Ken Griffin’s Citadel Investment Group increased its position by 1,545% to 6.01 million shares. The  funds with new positions in the stock included John Armitage’s Egerton Capital Limited, and Peter Muller’s PDT Partners.

Given the very positive sentiment from the best money managers in the world, including Warren Buffett, and the subsequent strong performance of the company, we believe a long position in Visa is a good investment.

Disclosure: None

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