5 Best Quality Stocks to Buy Now

3. Visa Inc. (NYSE:V)

Number of Hedge Fund Holders: 166

% of iShares MSCI USA Quality Factor ETF Holdings: 2.29%

Visa Inc. (NYSE:V) is the world’s largest payment processor. It handled approximately $10 trillion in purchasing transactions in fiscal 2021. Visa Inc. (NYSE:V) operates in more than 200 countries and accepts payments in more than 160 currencies.

Visa Inc. (NYSE:V) was held by 166 hedge fund holders in our database at the end of Q2 2022 and is therefore included in our list of 10 Best Quality Stocks to Buy Now. The stakes held by hedge funds in the stock collectively value over $24 billion. TCI Fund Management was the stock’s leading stakeholder in Q2, owning Visa Inc. (NYSE:V) shares worth over $3.9 billion.

Here is what Baron Fintech Fund has to say about Visa Inc. (NYSE:V) in its Q2 2022 investor letter:

“The Fund’s holdings in the Payments and Information Services themes also contributed to relative performance. Within Payments, lower exposure to this lagging theme and outperformance of Visa, Inc. (NYSE:V). These global payment networks are viewed as safe havens during market downturns but are also benefiting from resilient payment volumes and a sharp rebound in international travel.”