Fundsmith LLP — VISA INC V: Quarterly 13F Position History
Fundsmith LLP has reported VISA INC (V) on 41 13F-HR filings in Pactolio's tracked window, first appearing in Q1 2016. As of Q1 2026, the position is sized at 3,104,090 shares ($938.2M market value, 7.31% of the equity book). Quarter-over-quarter share count change: 430,594 (-12.2%) .
- 3,104,090Shares Held (Latest Filing)
- $938.2MReported Market Value (Latest Filing)
- 7.31%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 | 7.31% | $302.24 |
| Q4 2025 | 3,534,684 | 319,652 | -8.3% | $1.24B | 7.24% | $350.71 |
| Q3 2025 | 3,854,336 | +265 | +0.0% | $1.32B | 6.65% | $341.38 |
| Q2 2025 | 3,854,071 | 282,953 | -6.8% | $1.37B | 5.95% | $355.05 |
| Q1 2025 | 4,137,024 | 485,543 | -10.5% | $1.45B | 6.60% | $350.46 |
| Q4 2024 | 4,622,567 | 924,264 | -16.7% | $1.46B | 6.23% | $316.04 |
| Q3 2024 | 5,546,831 | 5,689 | -0.1% | $1.53B | 6.03% | $274.95 |
| Q2 2024 | 5,552,520 | 138,076 | -2.4% | $1.46B | 5.94% | $262.47 |
| Q1 2024 | 5,690,596 | 47,935 | -0.8% | $1.59B | 6.22% | $279.08 |
| Q4 2023 | 5,738,531 | 18,068 | -0.3% | $1.49B | 6.25% | $260.35 |
| Q3 2023 | 5,756,599 | 4,684 | -0.1% | $1.32B | 6.02% | $230.01 |
| Q2 2023 | 5,761,283 | +147,863 | +2.6% | $1.37B | 5.74% | $237.48 |
| Q1 2023 | 5,613,420 | +1,275 | +0.0% | $1.27B | 5.46% | $225.46 |
| Q4 2022 | 5,612,145 | 23,245 | -0.4% | $1.17B | 5.33% | $207.76 |
| Q3 2022 | 5,635,390 | +5,048 | +0.1% | $1.00B | 4.75% | $177.65 |
| Q2 2022 | 5,630,342 | +2,314 | +0.0% | $1.11B | 4.89% | $196.89 |
| Q1 2022 | 5,628,028 | 1,240,666 | -18.1% | $1.25B | 4.29% | $221.77 |
| Q4 2021 | 6,868,694 | +273,645 | +4.1% | $1.49B | 3.63% | $216.71 |
| Q3 2021 | 6,595,049 | +58,709 | +0.9% | $1.47B | 4.06% | $222.75 |
| Q2 2021 | 6,536,340 | +44,008 | +0.7% | $1.53B | 4.24% | $233.82 |
| Q1 2021 | 6,492,332 | +370,101 | +6.0% | $1.37B | 4.37% | $211.73 |
| Q4 2020 | 6,122,231 | 12,495 | -0.2% | $1.34B | 4.44% | $218.73 |
| Q3 2020 | 6,134,726 | 16,129 | -0.3% | $1.23B | 4.79% | $199.97 |
| Q2 2020 | 6,150,855 | +52,218 | +0.9% | $1.19B | 5.18% | $193.17 |
| Q1 2020 | 6,098,637 | 316,879 | -4.9% | $982.6M | 5.53% | $161.12 |
| Q4 2019 | 6,415,516 | 30,116 | -0.5% | $1.21B | 5.70% | $187.90 |
| Q3 2019 | 6,445,632 | +322,102 | +5.3% | $1.11B | 5.67% | $172.01 |
| Q2 2019 | 6,123,530 | +334,127 | +5.8% | $1.06B | 5.54% | $173.55 |
| Q1 2019 | 5,789,403 | +145,137 | +2.6% | $904.2M | 5.14% | $156.19 |
| Q4 2018 | 5,644,266 | 71,475 | -1.3% | $847.1M | 5.42% | $150.09 |
| Q3 2018 | 5,715,741 | 4,136 | -0.1% | $857.9M | 5.75% | $150.09 |
| Q2 2018 | 5,719,877 | 841 | -0.0% | $757.6M | 5.64% | $132.45 |
| Q1 2018 | 5,720,718 | 11,940 | -0.2% | $684.3M | 5.64% | $119.62 |
| Q4 2017 | 5,732,658 | +516,508 | +9.9% | $653.6M | 5.60% | $114.02 |
| Q3 2017 | 5,216,150 | 1,473 | -0.0% | $545.3M | 5.28% | $104.55 |
| Q2 2017 | 5,217,623 | +262,930 | +5.3% | $489.3M | 5.13% | $93.78 |
| Q1 2017 | 4,954,693 | +2,401 | +0.0% | $440.3M | 5.12% | $88.87 |
| Q4 2016 | 4,952,292 | +7,755 | +0.2% | $388.0M | 5.11% | $78.34 |
| Q3 2016 | 4,944,537 | +427,457 | +9.5% | $408.9M | 5.59% | $82.70 |
| Q2 2016 | 4,517,080 | +594,574 | +15.2% | $335.0M | 5.50% | $74.17 |
| Q1 2016 | 3,922,506 | — | — | $300.0M | 6.46% | $76.48 |
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 INC (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.