Top 5 Stock Picks of Charles Clough’s Clough Capital Partners

3. Visa Inc. (NYSE:V)

Clough Capital Partners Stake: $34,365,000 

Percentage of Clough Capital Partners’ Portfolio: 4.26%

Number of Hedge Fund Holders: 166

Visa Inc. (NYSE:V) is the biggest payment processor in the world. Clough Capital Partners stake in the company at the end of the June quarter stood at approximately $34 million. Visa Inc. (NYSE:V) shares constituted 4.26% of the total value of the fund’s portfolio at the end of Q2 2022.

Visa Inc. (NYSE:V) had a stellar fiscal Q3 2022 as the company posted a normalized EPS of $1.98, well above the consensus estimate of $1.75.

As per Insider’s Monkey database, 166 hedge funds were bullish on Visa Inc. (NYSE:V) at the end of the second quarter. TCI Fund Management turned out to be the biggest stakeholder of the company at the end of the second quarter, with a holding of 19,924,121 company shares, amounting to a value of approximately $4 billion.

Here is what Baron Fintech Fund has to say about Visa Inc. (NYSE:V) in its Q2 2022 investor letter:

The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Visa, Inc. (NYSE:V). These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.