TCI Fund Management Ltd — VISA INC V: Quarterly 13F Position History
TCI Fund Management Ltd has reported VISA INC (V) on 28 13F-HR filings in Pactolio's tracked window, first appearing in Q2 2019. As of Q1 2026, the position is sized at 30,468,133 shares ($9.21B market value, 20.39% of the equity book). Quarter-over-quarter share count change: + 2,743,900 (+9.9%) .
- 30,468,133Shares Held (Latest Filing)
- $9.21BReported Market Value (Latest Filing)
- 20.39%Portfolio Weight (% of 13F Equity Book)
- +2,743,900Quarter-over-Quarter Share Change
- -$514.5MQuarter-over-Quarter Value Change
- 30,468,133Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 28 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 30,468,133 | +2,743,900 | +9.9% | $9.21B | 20.39% | $302.24 |
| Q4 2025 | 27,724,233 | 333,118 | -1.2% | $9.72B | 18.12% | $350.71 |
| Q3 2025 | 28,057,351 | +8,989,793 | +47.1% | $9.58B | 18.18% | $341.38 |
| Q2 2025 | 19,067,558 | +2,429,996 | +14.6% | $6.77B | 13.35% | $355.05 |
| Q1 2025 | 16,637,562 | 159,625 | -1.0% | $5.83B | 13.44% | $350.46 |
| Q4 2024 | 16,797,187 | 0 | — | $5.31B | 12.52% | $316.04 |
| Q3 2024 | 16,797,187 | 0 | — | $4.62B | 10.49% | $274.95 |
| Q2 2024 | 16,797,187 | 0 | — | $4.41B | 10.77% | $262.47 |
| Q1 2024 | 16,797,187 | 0 | — | $4.69B | 11.82% | $279.08 |
| Q4 2023 | 16,797,187 | 0 | — | $4.37B | 12.16% | $260.35 |
| Q3 2023 | 16,797,187 | 988,982 | -5.6% | $3.86B | 14.02% | $230.01 |
| Q2 2023 | 17,786,169 | 1,505,652 | -7.8% | $4.22B | 12.55% | $237.48 |
| Q1 2023 | 19,291,821 | 645,000 | -3.2% | $4.35B | 14.89% | $225.46 |
| Q4 2022 | 19,936,821 | 0 | — | $4.14B | 13.84% | $207.76 |
| Q3 2022 | 19,936,821 | +12,700 | +0.1% | $3.54B | 12.39% | $177.65 |
| Q2 2022 | 19,924,121 | 0 | — | $3.92B | 12.41% | $196.89 |
| Q1 2022 | 19,924,121 | 3,170,301 | -13.7% | $4.42B | 11.99% | $221.77 |
| Q4 2021 | 23,094,422 | +3,155,111 | +15.8% | $5.00B | 11.26% | $216.71 |
| Q3 2021 | 19,939,311 | +5,881,421 | +41.8% | $4.44B | 10.67% | $222.75 |
| Q2 2021 | 14,057,890 | 0 | — | $3.29B | 8.20% | $233.82 |
| Q1 2021 | 14,057,890 | 0 | — | $2.98B | 8.64% | $211.73 |
| Q4 2020 | 14,057,890 | 0 | — | $3.07B | 10.09% | $218.73 |
| Q3 2020 | 14,057,890 | +2,842,505 | +25.3% | $2.81B | 10.08% | $199.97 |
| Q2 2020 | 11,215,385 | +3,853,636 | +52.3% | $2.17B | 8.60% | $193.17 |
| Q1 2020 | 7,361,749 | +6,178,207 | +522.0% | $1.19B | 5.63% | $161.12 |
| Q4 2019 | 1,183,542 | 0 | — | $222.4M | 0.98% | $187.90 |
| Q3 2019 | 1,183,542 | +313,442 | +36.0% | $203.6M | 1.06% | $172.01 |
| Q2 2019 | 870,100 | — | — | $151.0M | 0.81% | $173.55 |
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 TCI Fund Management Ltd first disclose a V position in 13F-HR filings?
TCI Fund Management Ltd first reported VISA INC (V) on its 13F-HR filing for the period ending 2019-06-30 (Q2 2019). The position has appeared on 28 reported quarters within Pactolio's tracked window.
What was TCI Fund Management Ltd's most recent quarter-over-quarter share-count change in V?
Between Q4 2025 and Q1 2026, TCI Fund Management Ltd added 2,743,900 shares of V (+9.9%), bringing the total reported position to 30,468,133 shares at a market value of $9.21B.
Does the implied price-per-share represent TCI Fund Management Ltd'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.