Bill Ackman Just Bought Visa Stock. What Barchart Options Data Says Could Come Next for V Investors.

Bill Ackman's Pershing Square disclosed a new position in Visa (V) in its semiannual report released on Aug. 13 as part of the hedge fund's most sweeping portfolio expansion in recent years.

The Visa stake was one of six entirely new positions added between the end of March and the end of June, alongside Mastercard (MA), Netflix (NFLX), S&P Global (SPGI), Intercontinental Exchange (INTC), and Alcon (ALC).

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Ackman characterized the purchases as opportunities created by market dislocation in the first half of 2026, allowing him to build positions at prices he believes are well below intrinsic value.

At the time of writing, Visa stock is up more than 20% versus its year-to-date low.

Pershing Square's investment thesis on Visa stock center on its role as a capital-light toll taker that collects about 20 basis points on a typical transaction for authorization, merchant acceptance, fraud protection, and dispute resolution.