In its most recent Form 13F filing with the SEC, Thrivent Financial for Lutherans reported a 6.2% increase in its Visa share count during the third quarter. The firm acquired an additional 89,593 shares, bringing its total to 1,543,383 shares. Visa now represents 1.0% of Thrivent’s overall portfolio and ranks as its 12th largest position. As of the filing date, Thrivent’s Visa holdings were valued at approximately $526.9 million, up from $495.1 million at the end of the prior quarter.

Several other asset managers adjusted their exposure to Visa in the same period. Victrix Investment Advisors added 697 shares, a 6.3% increase, bringing its total to 11,824 shares. Cutler Investment Counsel increased its position by 32 shares (3.1%), while Topsail Wealth Management and Donaldson Capital Management lifted their stakes by 203 shares (2.9%) and 5,488 shares (15.0%), respectively. Lee Financial Co. also boosted its holdings by 507 shares (18.2%). Collectively, institutional investors and hedge funds now control 82.15% of Visa’s outstanding shares.

In its January earnings release, Visa reported quarterly revenue of $10.90 billion, up 14.6% year-over-year, and earnings per share of $3.17, beating consensus estimates by $0.03. Management cited robust holiday spending, a 12% increase in cross-border transaction volume and ongoing momentum in credential‐based services. The board declared a quarterly dividend of $0.67 per share, representing a 25% payout ratio and reinforcing the company’s commitment to returning capital. Looking ahead, Visa highlighted strategic initiatives in stablecoin settlement and digital‐dollar network partnerships, aiming to establish new fee-earning opportunities beyond traditional card rails.