Mastercard Incorporated
BG ˙ BUL ˙ US57636Q1040
SecurityBG:M4I / Mastercard Incorporated
InstitutionEquitable Trust Co
Latest Disclosed Ownership37,763 shares
Latest Disclosed Value $ 18,868,660
Equitable Trust Co reports 0.37% decrease in ownership of M4I / Mastercard Incorporated

On April 30, 2026 - Equitable Trust Co filed a 13F-HR form disclosing ownership of 37,763 shares of Mastercard Incorporated (BG:M4I) valued at $18,868,660 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 2, 2026 disclosing 37,903 shares of Mastercard Incorporated. This represents a change in shares of -0.37% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-04-30 2026-03-31 13F Mastercard Inc Cl A Com 57636Q104 37,763 -140 -0.37 18,869 -12.80 0.5135
2026-02-02 2025-12-31 13F Mastercard Inc Cl A Com 57636Q104 37,903 1,009 2.73 21,638 3.11 0.9660
2025-11-10 2025-09-30 13F Mastercard Inc Cl A Com 57636Q104 36,894 -647 -1.72 20,986 -0.52 0.9647
2025-07-23 2025-06-30 13F Mastercard Inc Cl A Com 57636Q104 37,541 261 0.70 21,096 3.24 1.0510
2025-04-25 2025-03-31 13F Mastercard Inc Cl A Com 57636Q104 37,280 -749 -1.97 20,434 2.04 1.1319
2025-01-28 2024-12-31 13F Mastercard Inc Cl A Com 57636Q104 38,029 106 0.28 20,025 6.93 1.1176
2024-10-29 2024-09-30 13F Mastercard Inc Cl A Com 57636Q104 37,923 -209 -0.55 18,726 11.32 1.2015
2024-07-31 2024-06-30 13F Mastercard Inc Cl A Com 57636Q104 38,132 -79 -0.21 16,822 -8.58 1.1571
2024-04-24 2024-03-31 13F Mastercard Inc Cl A Com 57636Q104 38,211 -1,377 -3.48 18,401 8.98 1.2763
2024-01-25 2023-12-31 13F Mastercard Inc Cl A Com 57636Q104 39,588 1,098 2.85 16,885 10.80 1.2694
2023-11-06 2023-09-30 13F Mastercard Inc Cl A Com 57636Q104 38,490 -427 -1.10 15,239 -0.44 1.2597
2023-08-08 2023-06-30 13F Mastercard Inc Cl A Com 57636Q104 38,917 -537 -1.36 15,306 6.76 1.1706
2023-05-02 2023-03-31 13F Mastercard Inc Cl A Com 57636Q104 39,454 -7,287 -15.59 14,338 -11.79 1.1292
2023-02-17 2022-12-31 13F Mastercard Inc Cl A Com 57636Q104 46,741 -13,086 -21.87 16,253 -4.46 1.2809
2022-10-31 2022-09-30 13F Mastercard Inc Cl A Com 57636Q104 59,827 -2,270 -3.66 17,011 -13.16 1.4179
2022-07-15 2022-06-30 13F Mastercard Inc Cl A Com 57636Q104 62,097 6,205 11.10 19,590 -1.93 1.4594
2022-05-06 2022-03-31 13F Mastercard Inc Cl A Com 57636Q104 55,892 -10,932 -16.36 19,975 -16.81 1.2835
2022-01-31 2021-12-31 13F Mastercard Inc Cl A Com 57636Q104 66,824 7,099 11.89 24,011 15.63 1.4831
2021-10-26 2021-09-30 13F Mastercard Inc Cl A Com 57636Q104 59,725 -287 -0.48 20,766 -5.22 1.3257
2021-08-03 2021-06-30 13F Mastercard Inc Cl A Com 57636Q104 60,012 -1,176 -1.92 21,910 0.57 1.4052
2021-05-14 2021-03-31 13F Mastercard Inc Cl A Com 57636Q104 61,188 703 1.16 21,786 0.91 1.6230
2021-02-12 2020-12-31 13F Mastercard Inc Cl A Com 57636Q104 60,485 1,231 2.08 21,590 7.75 1.6028
2020-11-13 2020-09-30 13F Mastercard Inc Cl A Com 57636Q104 59,254 -969 -1.61 20,038 12.52 1.7060
2020-08-18 2020-06-30 13F Mastercard Inc Cl A Com 57636Q104 60,223 27 0.04 17,808 22.47 1.6377
2020-05-21 2020-03-31 13F Mastercard Inc Cl A Com 57636Q104 60,196 13,974 30.23 14,541 5.35 1.5981
2020-02-18 2019-12-31 13F Mastercard Inc Cl A Com 57636Q104 46,222 -213 -0.46 13,802 9.45 1.3482
2019-11-19 2019-09-30 13F Mastercard Inc Cl A Com 57636Q104 46,435 339 0.74 12,610 3.41 1.3286
2019-08-16 2019-06-30 13F Mastercard Inc Com 57636Q104 46,096 10,660 30.08 12,194 46.16 1.2941
2019-05-15 2019-03-31 13F Mastercard Inc Com 57636Q104 35,436 49 0.14 8,343 24.97 0.9635
2019-02-22 2018-12-31 13F Mastercard Inc Com 57636Q104 35,387 396 1.13 6,676 -14.29 0.8834
2018-11-15 2018-09-30 13F Mastercard Inc Com 57636Q104 34,991 -1,121 -3.10 7,789 9.75 0.9076
2018-08-14 2018-06-30 13F Mastercard Inc Com 57636Q104 36,112 36,112 7,097 0.8986
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.