Stocks
XXEC Inc. Doubles Down on Visa with Record-Breaking Stake
XXEC Inc., a major institutional investor, significantly increased its stake in Visa Inc. (NYSE: V) in the second quarter, making Visa its largest holding.
The company's investment portfolio is comprised of 96.5% Visa shares, with a total value of $63.9 billion as of its most recent filing with the Securities & Exchange Commission.
This represents a substantial increase from XXEC Inc.'s previous position in Visa, which was boosted by an additional 186 million shares purchased during the quarter.