Value investing giant Dodge & Cox made a significant move into Visa (V), establishing a new $1.86 billion position during the second quarter of 2026. The firm acquired over 5.4 million shares, making the payments leader its newest large-cap holding with a 0.97% portfolio weight. The trade represents a massive increase from a negligible stake of only 859 shares in the prior quarter.
This investment decision is disclosed in a quarterly 13F filing, which reflects holdings as of June 30, 2026, and was made public on August 13. The purchase occurred during a quarter where Visa reported strong financial results, with net revenue up 17% year-over-year to $11.2 billion and a new $20 billion share repurchase program authorized.