Corient Private Wealth LP Cuts Stake in Visa Inc.

Corient Private Wealth LP has reduced its stake in Visa Inc., selling 45,398 shares during the second quarter. This represents a 2.7% decrease in the institutional investor's holdings in the credit-card processor.

Following this sale, Corient Private Wealth LP owned approximately 0.09% of Visa worth $558,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC). The company's investment portfolio comprises 20th biggest position with a share of 0.8%. Additionally, other hedge funds have also recently bought and sold shares of Visa stock.

Visa has been committing up to $2.5 billion to put card-settlement financing onchain using settlement data and smart contracts to help fintechs access working capital. The company is also testing stablecoin settlement through Visa Direct, potentially creating new transaction and financing revenue streams.