Fjarde Ap-Fonden /Fourth Swedish National Pension Fund 13F: Cuts V Stake by $25M

Fjarde Ap-Fonden /Fourth Swedish National Pension Fund trimmed its stake in Visa Inc. (NYSE: V) by 68,905 shares, according to its latest 13F filing dated October 15, 2026. This reduction brings the fund's total holdings to 764,625 shares, with a reported value of approximately $274.8 million. This position reflects the fund's holdings as of the reporting period, which may not represent its current position.

What Changed in Fjarde Ap-Fonden's Visa Position

Fjarde Ap-Fonden's reduction represents an 8.27% decrease in its position. The fund previously held 833,530 shares. The move comes as Visa's stock has experienced fluctuations recently, trading around $400.29 as of October 16, 2026.

Other Institutional Activity in Visa

Several other institutional investors have also made changes to their Visa positions. Blackrock Inc. grew its holdings by 1,484,413 shares, ending with 137,669,061 shares worth about $55.4 billion. Meanwhile, Vanguard Capital Management LLC reduced its stake by 856,052 shares, bringing its total to 106,150,500 shares valued at roughly $42.7 billion. State Street Corporation added 567,900 shares, reaching 82,872,209 shares valued at approximately $33.4 billion. Geode Capital Management, LLC increased its holdings by 399,484 shares for a total of 45,285,275 shares worth about $18.2 billion.

Visa Inc. Stock Up 0.1%

Visa shares are currently trading above both their 50-day and 200-day moving averages, with the recent price being about 7.6% and 18.1% higher than these averages, respectively. However, the stock is slightly below its 52-week high by about 1.1%. The current mean price target from analysts is approximately $421.69, indicating that the stock is currently trading below this consensus target by about 5.1%.

Recent Earnings

Visa reported trailing twelve-month revenue of approximately $44.5 billion, with a net margin of 50.8% and a return on equity of 61.2%. The company's next earnings are scheduled for October 27, 2026. This strong financial performance underlines the company's position as a leader in the payment technology industry.

Insider Buying and Selling at Visa Inc.

Recent insider activity includes several sales by CEO Ryan McInerney and General Counsel Julie B. Rottenberg, who sold between 1,867 and 5,875 shares at prices ranging from $367.87 to $381.35. These transactions took place between August 21 and September 9, 2026, prior to the latest filing.

Analysts Set New Price Targets

On October 12, 2026, Baird maintained its 'Outperform' rating on Visa with a new price target of $430. Previous ratings from other firms include Cantor Fitzgerald, which maintained an 'Overweight' rating with a target of $445 on August 3, and Truist Securities, which rated the stock as 'Buy' with a target of $406 on August 5. The consensus recommendation remains strong, reflecting confidence in Visa's future performance.

About Visa Inc.

Visa Inc. is a leading payment technology company, providing transaction processing services through its VisaNet network. It operates globally, enabling secure payment transactions for consumers and businesses. The company's strong position in the financial services sector, along with robust revenue growth, makes it a significant player in the credit services industry.

Bottom Line

Investors will want to monitor Visa's upcoming earnings report on October 27, 2026, as well as any further institutional filings that may affect its stock performance. Fjarde Ap-Fonden's recent trim in holdings is part of a broader trend among institutional investors, which could have implications for Visa's future stock movement.