Visa Holdings Shift as Campbell Newman Asset Management Reduces Stake
Campbell Newman Asset Management Inc., a financial institution, recently reduced its position in Visa Inc. (NYSE: V) by 7.4% during the second quarter. According to the company's most recent Form 13F filing with the SEC, Campbell Newman Asset Management Inc. owned 76,833 shares of Visa stock after selling 6,108 shares.
The value of Visa holdings in Campbell Newman Asset Management Inc.'s portfolio was $26,361,000 at the end of the most recent reporting period. This represents about 2% of the company's total assets, making Visa its 21st largest holding.
Other institutional investors have also made significant changes to their positions in Visa. XXEC Inc., for example, boosted its stake in Visa by an astonishing 153,118.8% during the second quarter. The company now owns a massive 186,260,448 shares of Visa stock valued at $63,904,097,000.
Visa has been making headlines recently due to various partnerships and developments. The company is working with Dunamu, the operator of South Korean cryptocurrency exchange Upbit, to develop stablecoin payments, cross-border remittances, settlement services, and AI-powered commerce.