The cluster is dominated by active value and quant funds on both sides, with no clear consensus thesis. The large Dodge & Cox and Jane Street accumulations suggest conviction from long-term value and multi-strategy players, but the simultaneous exits by Coatue and Cantillon indicate divergent views. Monitor V's next earnings for fundamental catalysts that could resolve this disagreement.
Executive Summary
A large institutional cluster in VISA INC. shows mixed conviction: 45 buyers accumulated $5.25B in net new positions while 44 sellers reduced holdings by $1.74B. Notable new and doubled positions from Dodge & Cox ($1.86B), Jane Street ($379.8M), Tiger Global ($274M), and Susquehanna ($178.7M) were partially offset by exits from Coatue ($217.2M) and Cantillon ($490.6M), plus trims from Capital Group ($421.2M) and TD Asset Management ($172.8M). The net $3.51B inflow suggests broad institutional interest, but the high seller count and large exits introduce caution.
Key Financial Metrics
Institutional Positions
Net institutional flow: $3.5B
▲ Buyers (45)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Wells Fargo | ADD | +67.9% | $4.8B | $2.3B |
| Lone Pine | ADD | +78.9% | $56.9M | $28.9M |
| Dodge & Cox | DOUBLED | +630554.9% | $1.9B | $1.9B |
| Tiger Global | NEW | +0% | $274.0M | $274.0M |
| Bridgewater | DOUBLED | +223.9% | $28.0M | $20.4M |
| Millennium | ADD | +41.6% | $242.8M | $91.8M |
| Altarock | ADD | +67.7% | $287.0M | $136.3M |
| Susquehanna International Group | DOUBLED | +151% | $275.2M | $178.7M |
| Jane Street Group | DOUBLED | +331% | $477.3M | $379.8M |
| OP Asset Management Ltd | ADD | +38.7% | $97.9M | $26.0M |
▼ Sellers (44)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Capital Group | TRIM | -32.3% | $1.8B | -$421.2M |
| RenTech | NEAR_EXIT | -81.8% | $204.5M | -$162.2M |
| Akre Capital | TRIM | -32.2% | $495.3M | -$114.2M |
| Eagle Capital | TRIM | -68.4% | $1.1M | -$712.0K |
| Coatue | EXIT | -100% | $217.2M | -$217.2M |
| Commonwealth Of Pennsylvania Public School | EXIT | -100% | $118.4M | -$118.4M |
| Cantillon | NEAR_EXIT | -95.1% | $519.3M | -$490.6M |
| Walleye Capital | NEAR_EXIT | -98.2% | $18.5M | -$18.1M |
| Td Asset Management | TRIM | -28% | $945.3M | -$172.8M |
| Panagora Asset Management | TRIM | -32.4% | $98.7M | -$22.9M |
Key Facts
- 45 buyers with aggregate current holdings of $8.35B and net change of +$5.25B
- 44 sellers with aggregate net change of -$1.74B
- Dodge & Cox doubled its position from $260K to $1.86B, the largest single buyer move
- Coatue and Commonwealth Of Pennsylvania Public School fully exited their positions
- Cantillon nearly exited, reducing from $519.3M to $28.7M
- Capital Group trimmed $421.2M, the largest seller by dollar value
- Net institutional inflow of approximately $3.51B
Financial Impact
Net institutional inflow of approximately $3.51B, with $5.25B in buying activity versus $1.74B in selling activity across 89 funds
Risk Factors
- 13F data is 45+ days stale; positions may have been unwound since quarter-end
- High seller count (44) with several large exits suggests significant bearish sentiment alongside buying
- Passive/index funds (Wells Fargo, Capital Group) dominate dollar volumes, reducing the signal-to-noise ratio
- No insider buying confluence provided to corroborate the institutional accumulation
Investment Themes
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-V-2026-Q2 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 12, 2026 14d ago | Institutional Cluster | $389.27 | awaiting T+60 | — | — |
Sep 2, 2026 7w ago | Insider Cluster | $378.75 | awaiting T+60 | — | — |
Aug 24, 2026 9w ago | Insider Cluster | $384.14 | awaiting T+60 | — | — |
Jul 8, 2026 15w ago | ANALYST-UPGRADE | $347.53 $359.85 | ▲ +3.54% | ▲ +1.05% | — |
Jul 6, 2026 16w ago | Insider Cluster | $352.20 $359.33 | ▲ +2.02% | ▲ +0.03% | — |
Jun 30, 2026 16w ago | ANALYST-UPGRADE | $343.09 $361.52 | ▲ +5.37% | ▲ +1.81% | — |
Jun 26, 2026 17w ago | 8-K | $341.65 $362.04 | ▲ +5.97% | ▲ +1.58% | — |
Jun 15, 2026 19w ago | 25-NSE | $323.82 $367.58 | ▲ +13.51% | ▲ +12.51% | — |
May 12, 2026 23w ago | 8-K | $320.25 $362.09 | ▲ +13.07% | ▲ +8.90% | — |
May 11, 2026 24w ago | 8-K | $323.91 $368.18 | ▲ +13.67% | ▲ +9.54% | — |
US Market Status
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