Sands Capital released its Q2 2025 investor letter for the Technology Innovators Fund, which returned 26.0% (net) in the second quarter, outperforming the benchmark. Easing geopolitical concerns, renewed AI optimism, and strong corporate earnings boosted the markets. Check the fund’s top 5 holdings for their best picks in 2025.

Visa Inc. (NYSE:V), highlighted in Sands Capital’s investor letter, is a payment technology company based in San Francisco. Shares returned 1.54% in the past month and 36.43% in the last 12 months, closing at $353.97 per share on July 24, 2025, with a market cap of $691.48 billion.

Sands Capital Technology Innovators Fund views stablecoin proliferation as an opportunity for card networks like Visa Inc. (NYSE:V) rather than a threat. They believe stablecoins could expand the addressable market for card networks and enhance adoption by providing necessary rules, protections, and services for mainstream use.

Visa Inc. (NYSE:V) ranks 6th among the 30 Most Popular Stocks Among Hedge Funds, with 165 portfolios holding the stock in Q1 2025. Visa Inc. (NYSE:V) reported $9.5 billion in revenue in Q1 2025, up 10% year-over-year. While Visa Inc. (NYSE:V) shows promise as an investment, certain AI stocks may offer greater upside potential and less downside risk. For an undervalued AI stock with potential benefits from Trump-era tariffs and the onshoring trend, check out the free report on the best short-term AI stock.

Read more at Yahoo Finance: Visa (V) Fell Amid Broad Sell-Off in Card Network Stocks