Fundsmith LLP: VISA (V): Quarterly 13F Position History
As of Q1 2026, Fundsmith LLP reported 3,104,090 shares of VISA (V), worth $938.2M and representing 7.3% of its 13F equity book. Quarter-over-quarter share count change: 430,594 (-12.2%) . The position first appeared in Q1 2016 and has been disclosed across 41 13F-HR filings in Pactolio's tracked window.
- 3,104,090Shares Held (Latest Filing)
- $938.2MReported Market Value (Latest Filing)
- 7.3%Portfolio Weight (% of 13F Equity Book)
- 430,594Quarter-over-Quarter Share Change
- -$301.5MQuarter-over-Quarter Value Change
- 6,868,694Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 3,104,090 | 430,594 | -12.2% | $938.2M | 7.3% | $302.2 |
| Q4 2025 | 3,534,684 | 319,652 | -8.3% | $1.2B | 7.2% | $350.7 |
| Q3 2025 | 3,854,336 | +265 | +0.0% | $1.3B | 6.6% | $341.4 |
| Q2 2025 | 3,854,071 | 282,953 | -6.8% | $1.4B | 5.9% | $355.1 |
| Q1 2025 | 4,137,024 | 485,543 | -10.5% | $1.4B | 6.6% | $350.5 |
| Q4 2024 | 4,622,567 | 924,264 | -16.7% | $1.5B | 6.2% | $316.0 |
| Q3 2024 | 5,546,831 | 5,689 | -0.1% | $1.5B | 6.0% | $274.9 |
| Q2 2024 | 5,552,520 | 138,076 | -2.4% | $1.5B | 5.9% | $262.5 |
| Q1 2024 | 5,690,596 | 47,935 | -0.8% | $1.6B | 6.2% | $279.1 |
| Q4 2023 | 5,738,531 | 18,068 | -0.3% | $1.5B | 6.3% | $260.4 |
| Q3 2023 | 5,756,599 | 4,684 | -0.1% | $1.3B | 6.0% | $230.0 |
| Q2 2023 | 5,761,283 | +147,863 | +2.6% | $1.4B | 5.7% | $237.5 |
| Q1 2023 | 5,613,420 | +1,275 | +0.0% | $1.3B | 5.5% | $225.5 |
| Q4 2022 | 5,612,145 | 23,245 | -0.4% | $1.2B | 5.3% | $207.8 |
| Q3 2022 | 5,635,390 | +5,048 | +0.1% | $1.0B | 4.8% | $177.7 |
| Q2 2022 | 5,630,342 | +2,314 | +0.0% | $1.1B | 4.9% | $196.9 |
| Q1 2022 | 5,628,028 | 1,240,666 | -18.1% | $1.2B | 4.3% | $221.8 |
| Q4 2021 | 6,868,694 | +273,645 | +4.1% | $1.5B | 3.6% | $216.7 |
| Q3 2021 | 6,595,049 | +58,709 | +0.9% | $1.5B | 4.1% | $222.8 |
| Q2 2021 | 6,536,340 | +44,008 | +0.7% | $1.5B | 4.2% | $233.8 |
| Q1 2021 | 6,492,332 | +370,101 | +6.0% | $1.4B | 4.4% | $211.7 |
| Q4 2020 | 6,122,231 | 12,495 | -0.2% | $1.3B | 4.4% | $218.7 |
| Q3 2020 | 6,134,726 | 16,129 | -0.3% | $1.2B | 4.8% | $200.0 |
| Q2 2020 | 6,150,855 | +52,218 | +0.9% | $1.2B | 5.2% | $193.2 |
| Q1 2020 | 6,098,637 | 316,879 | -4.9% | $982.6M | 5.5% | $161.1 |
| Q4 2019 | 6,415,516 | 30,116 | -0.5% | $1.2B | 5.7% | $187.9 |
| Q3 2019 | 6,445,632 | +322,102 | +5.3% | $1.1B | 5.7% | $172.0 |
| Q2 2019 | 6,123,530 | +334,127 | +5.8% | $1.1B | 5.5% | $173.6 |
| Q1 2019 | 5,789,403 | +145,137 | +2.6% | $904.2M | 5.1% | $156.2 |
| Q4 2018 | 5,644,266 | 71,475 | -1.3% | $847.1M | 5.4% | $150.1 |
| Q3 2018 | 5,715,741 | 4,136 | -0.1% | $857.9M | 5.8% | $150.1 |
| Q2 2018 | 5,719,877 | 841 | -0.0% | $757.6M | 5.6% | $132.4 |
| Q1 2018 | 5,720,718 | 11,940 | -0.2% | $684.3M | 5.6% | $119.6 |
| Q4 2017 | 5,732,658 | +516,508 | +9.9% | $653.6M | 5.6% | $114.0 |
| Q3 2017 | 5,216,150 | 1,473 | -0.0% | $545.3M | 5.3% | $104.5 |
| Q2 2017 | 5,217,623 | +262,930 | +5.3% | $489.3M | 5.1% | $93.8 |
| Q1 2017 | 4,954,693 | +2,401 | +0.0% | $440.3M | 5.1% | $88.9 |
| Q4 2016 | 4,952,292 | +7,755 | +0.2% | $388.0M | 5.1% | $78.3 |
| Q3 2016 | 4,944,537 | +427,457 | +9.5% | $408.9M | 5.6% | $82.7 |
| Q2 2016 | 4,517,080 | +594,574 | +15.2% | $335.0M | 5.5% | $74.2 |
| Q1 2016 | 3,922,506 | — | — | $300.0M | 6.5% | $76.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Fundsmith LLP first disclose a V position in 13F-HR filings?
Fundsmith LLP first reported VISA (V) on its 13F-HR filing for the period ending 2016-03-31 (Q1 2016). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was Fundsmith LLP's most recent quarter-over-quarter share-count change in V?
Between Q4 2025 and Q1 2026, Fundsmith LLP reduced its V position by 430,594 shares (-12.2%), leaving 3,104,090 shares at a market value of $938.2M.
Does the implied price-per-share represent Fundsmith LLP's cost basis in V?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.