Institutional
Viking Global Put $1.9 Billion Into Visa in Q1.
Not Every Fund Agreed.
In Q1 2026, Viking Global built a $1.913 billion Visa position, up 58.8 percent, leading a cluster of elite-fund accumulation in payments as several peers cut. The 13F filings made the AI trade obvious: the largest funds piled into a short list of chip and platform names. Less obvious, and arguably more telling, is where some of the sharpest managers put money to work away from that trade, and where they openly disagreed. Across the funds Kresmion tracks, a Visa (V) position appears in ten first-quarter filings: six added aggressively or initiated at clean, consistent marks, three reduced or exited, and one further initiation is excluded here because its filing value is unreliable in our data. The six adders:
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