Terry Smith's V Position Overview
Terry Smith (via Fundsmith Llp) currently holds 3.53 M shares of Visa Inc. (V) worth $1.24 B, representing 7.24% of the portfolio. First purchased in 2013-Q1, this long-term strategic position has been held for 52 quarters.
Based on 13F filings since 2013, Terry Smith has maintained a long-term strategic position in V, representing a significant commitment to this investment thesis. Largest addition occurred in Q1 2016, adding 1.13 M shares. Largest reduction occurred in Q1 2022, reducing 1.24 M shares.
Analysis based on 13F filings available since 2013 Q2
Terry Smith's Visa (V) Holding Value Over Time
Track share changes against reported price movement
Quarterly Visa (V) Trades by Terry Smith
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -319,652 | Reduce 8.29% | 3.53 M | $350.71 |
| Q3 2025 | +265 | Add 0.01% | 3.85 M | $341.38 |
| Q2 2025 | -282,953 | Reduce 6.84% | 3.85 M | $355.05 |
| Q1 2025 | -485,543 | Reduce 10.50% | 4.14 M | $350.46 |
| Q4 2024 | -924,264 | Reduce 16.66% | 4.62 M | $316.04 |
| Q3 2024 | -5,689 | Reduce 0.10% | 5.55 M | $274.95 |
| Q2 2024 | -138,076 | Reduce 2.43% | 5.55 M | $262.47 |
| Q1 2024 | -47,935 | Reduce 0.84% | 5.69 M | $279.08 |
| Q4 2023 | -18,068 | Reduce 0.31% | 5.74 M | $260.35 |
| Q3 2023 | -4,684 | Reduce 0.08% | 5.76 M | $230.01 |
| Q2 2023 | +147,863 | Add 2.63% | 5.76 M | $237.48 |
| Q1 2023 | +1,275 | Add 0.02% | 5.61 M | $225.46 |
| Q4 2022 | -23,245 | Reduce 0.41% | 5.61 M | $207.76 |
| Q3 2022 | +5,048 | Add 0.09% | 5.64 M | $177.65 |
| Q2 2022 | +2,314 | Add 0.04% | 5.63 M | $196.89 |
| Q1 2022 | -1.24 M | Reduce 18.06% | 5.63 M | $221.77 |
| Q4 2021 | +273,645 | Add 4.15% | 6.87 M | $216.71 |
| Q3 2021 | +58,709 | Add 0.90% | 6.6 M | $222.75 |
| Q2 2021 | +44,008 | Add 0.68% | 6.54 M | $233.82 |
| Q1 2021 | +370,101 | Add 6.05% | 6.49 M | $211.73 |
| Q4 2020 | -12,495 | Reduce 0.20% | 6.12 M | $218.73 |
| Q3 2020 | -16,129 | Reduce 0.26% | 6.13 M | $199.97 |
| Q2 2020 | +52,218 | Add 0.86% | 6.15 M | $193.17 |
| Q1 2020 | -316,879 | Reduce 4.94% | 6.1 M | $161.12 |
| Q4 2019 | -30,116 | Reduce 0.47% | 6.42 M | $187.90 |
| Q3 2019 | +322,102 | Add 5.26% | 6.45 M | $172.01 |
| Q2 2019 | +334,127 | Add 5.77% | 6.12 M | $173.55 |
| Q1 2019 | +64,032 | Add 1.12% | 5.79 M | $156.19 |
| Q4 2018 | +9,630 | Add 0.17% | 5.73 M | $150.09 |
| Q3 2018 | -4,136 | Reduce 0.07% | 5.72 M | $150.09 |
| Q2 2018 | -841 | Reduce 0.01% | 5.72 M | $132.45 |
| Q1 2018 | -11,940 | Reduce 0.21% | 5.72 M | $119.62 |
| Q4 2017 | +516,508 | Add 9.90% | 5.73 M | $114.02 |
| Q3 2017 | -1,473 | Reduce 0.03% | 5.22 M | $104.55 |
| Q2 2017 | +262,930 | Add 5.31% | 5.22 M | $93.78 |
| Q1 2017 | +2,401 | Add 0.05% | 4.95 M | $88.87 |
| Q4 2016 | +7,755 | Add 0.16% | 4.95 M | $78.34 |
| Q3 2016 | +427,457 | Add 9.46% | 4.94 M | $82.70 |
| Q2 2016 | +594,574 | Add 15.16% | 4.52 M | $74.17 |
| Q1 2016 | +1.13 M | Add 40.51% | 3.92 M | $76.48 |
| Q4 2015 | +185,620 | Add 7.12% | 2.79 M | $77.55 |
| Q3 2015 | +48,211 | Add 1.88% | 2.61 M | $69.66 |
| Q2 2015 | +11,287 | Add 0.44% | 2.56 M | $67.15 |
| Q1 2015 | +155,511 | Add 6.50% | 2.55 M | $65.29 |
| Q3 2014 | +63,056 | Add 2.71% | 2.39 M | $53.34 |
| Q2 2014 | +844,880 | Add 56.97% | 2.33 M | $52.68 |
| Q1 2014 | +488,520 | Add 49.12% | 1.48 M | $53.96 |
| Q3 2013 | +458,960 | Add 85.69% | 994,536 | $47.78 |
| Q2 2013 | +39,348 | Add 7.93% | 535,576 | $45.69 |
| Q1 2013 | +496,232 | Add 0.00% | 496,228 | $42.20 |
Terry Smith's Visa Investment FAQs
Terry Smith first purchased Visa Inc. (V) in Q1 2013, acquiring 496,228 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Terry Smith has held Visa Inc. (V) for 52 quarters since Q1 2013.
Terry Smith's largest addition to Visa Inc. (V) was in Q1 2016, adding 3,922,506 shares worth $299.99 M.
According to the latest 13F filing for Q4 2025, Terry Smith's firm, Fundsmith Llp, owns 3,534,684 shares of Visa Inc. (V), valued at approximately $1.24 B.
As of the Q4 2025 filing, Visa Inc. (V) represents approximately 7.24% of Terry Smith's publicly disclosed stock portfolio, making it one of their key holdings.
Terry Smith's peak holding in Visa Inc. (V) was 6,868,694 shares, as reported at the end of Q4 2021.