Fundsmith cuts Visa stake as insiders reduce holdings
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.