Castleark Management Boosts Stake in Visa by 53.5%

Castleark Management LLC has significantly increased its stake in Visa Inc., boosting its position by 53.5% during the second quarter, according to a recent Securities and Exchange Commission disclosure.

The fund acquired an additional 82,340 shares of the credit-card processor's stock, taking its total holdings in Visa to 236,166 shares worth $81,026,000 at the end of the reporting period. This represents 2.2% of Castleark Management LLC's investment portfolio.

Visa accounts for the fund's 11th biggest position, and this significant increase in ownership highlights the confidence that Castleark Management has in Visa's potential for growth.