Top 5 Stock Picks of Nicolai Tangen’s Ako Capital

04. Visa Inc. (NYSE:V)

Ako Capital’s Stake Value: $476.999 million

Percentage of Ako Capital’s 13F Portfolio: 6.68%

Number of Hedge Fund Holders as of Q1 2022: 159

Given its dividend feature and sound business model, Visa Inc. (NYSE:V) is one of the best stocks to hold for the long term. Every year for the previous 13 years, Visa Inc. (NYSE:V) has increased its dividend payments, and over the past five years, its average dividend growth rate has been over 17%. In addition to the dividend component, Visa Inc. (NYSE:V) shares have the ability to deliver a sustainable increase in revenue and earnings, which will support their long-term growth. Visa Inc. (NYSE:V) outperformed analysts’ forecasts for sales and earnings in the second quarter of 2022 by $206.59 million and $0.23 per share, respectively. Visa Inc. (NYSE:V) continues to experience excellent growth, with payments volumes up 12% and cross-border volumes up 40% in the June quarter.

Ako Capital upped its stake in Visa Inc. (NYSE:V) by 85% during the second quarter, holding 2.42 million shares worth $476.99 million, representing 6.68% of the total 13F portfolio.