Chuck Akre’s Top 5 Stock Holdings

4. Visa Inc. (NYSE: V)

Chuck Akre is an investor in Visa Inc. (NYSE: V) since 2012, which is part of his long-term investment strategy. Currently, the stock has a weight of 7.75% in the portfolio, as stated in Akre’s 13F portfolio with 5.24 million shares.
Shares of Visa remained flat during the last twelve months, its quarterly dividend increased by $0.02 per share. That is merely a 6.67% dividend increase, far below its 5-year average dividend increase of 20%.

Visa is known for its worldwide payments technology, which facilitates digital payments among consumers, merchants, financial institutions, and other significant players in the economy. The card processor company is expected to benefit more from further migration in business payments from a cash-based behavior to a cashless economy.

Recently, Visa followed other fintech companies in launching crypto services. This pilot program is expected to provide banks with crypto APIs allowing their customers to purchase, hold, and trade major digital currencies.

Jack Forestall, chief product officer stated:

“With this pilot program, we want to extend the value of Visa to our neobank and financial institution clients by providing an easy bridge to crypto assets and blockchain networks,”