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Fundsmith cuts Visa stake as insiders reduce holdings

Visa logoVisa
Sig1.25Sen-1.20Env0.00Soc0.00Gov-0.30

Fundsmith LLP reduced its Visa stake by 34.9% in the second quarter, ending with 2,019,810 shares worth about $692.98 million. The filing lists institutional ownership at 82.15%. Insiders also sold shares over the past three months, including the general counsel, while the CEO held 15,174 shares worth about $5.16 million.

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