Mastercard Incorporated
BG ˙ BUL ˙ US57636Q1040
SecurityBG:M4I / Mastercard Incorporated
InstitutionKBC Group NV
Latest Disclosed Ownership445,783 shares
Latest Disclosed Value $ 222,740
KBC Group NV reports 0.86% decrease in ownership of M4I / Mastercard Incorporated

On May 7, 2026 - KBC Group NV filed a 13F-HR form disclosing ownership of 445,783 shares of Mastercard Incorporated (BG:M4I) valued at $222,740 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 449,648 shares of Mastercard Incorporated. This represents a change in shares of -0.86% 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)
2026-05-07 2026-03-31 13F MASTERCARD CL A 57636Q104 445,783 -3,865 -0.86 223 -13.28 0.2873
2026-01-26 2025-12-31 13F MASTERCARD CL A 57636Q104 449,648 -2,090 -0.46 257 0.00 0.5854
2026-01-20 2025-09-30 13F MASTERCARD CL A 57636Q104 451,738 109,680 32.06 257 33.33 0.6162
2025-08-08 2025-06-30 13F MASTERCARD CL A 57636Q104 342,058 133,511 64.02 192 68.42 0.5192
2025-04-25 2025-03-31 13F MASTERCARD CL A 57636Q104 208,547 -222,570 -51.63 114 -49.78 0.3548
2025-01-22 2024-12-31 13F MASTERCARD CL A 57636Q104 431,117 19,803 4.81 227 11.82 0.6255
2024-11-06 2024-09-30 13F MASTERCARD CL A 57636Q104 411,314 211,563 105.91 203 130.68 0.6137
2024-07-17 2024-06-30 13F MASTERCARD CL A 57636Q104 199,751 8,939 4.68 88 -3.30 0.2663
2024-05-08 2024-03-31 13F MASTERCARD CL A 57636Q104 190,812 -350,986 -64.78 92 -60.61 0.2919
2024-02-13 2023-12-31 13F MASTERCARD CL A 57636Q104 541,798 3,758 0.70 231 8.45 0.8192
2024-02-15 2023-09-30 13F/A-1 MASTERCARD CL A 57636Q104 538,040 17,768 3.42 213 4.41 0.8693
2023-11-22 2023-09-30 13F MASTERCARD CL A 57636Q104 514,939 0 203 0.8434
2024-02-15 2023-06-30 13F/A-1 MASTERCARD CL A 57636Q104 520,272 -97,838 -15.83 205 -8.93 0.8415
2023-07-28 2023-06-30 13F MASTERCARD CL A 57636Q104 514,939 -98,000 203 0.8434
2024-02-14 2023-03-31 13F/A-1 MASTERCARD CL A 57636Q104 618,110 -851 -0.14 225 4.19 0.9535
2023-05-04 2023-03-31 13F MASTERCARD CL A 57636Q104 612,939 101,430 223 1.0494
2024-02-14 2022-12-31 13F/A-1 MASTERCARD CL A 57636Q104 618,961 106,570 20.80 215 48.28 1.0442
2023-02-13 2022-12-31 13F MASTERCARD CL A 57636Q104 511,509 -882 145 0.0007
2024-02-15 2022-09-30 13F/A-1 MASTERCARD CL A 57636Q104 512,391 115,160 28.99 146 16.00 0.7572
2022-11-08 2022-09-30 13F MASTERCARD CL A 57636Q104 511,509 114,278 145,442 0.7602
2024-02-14 2022-06-30 13F/A-1 MASTERCARD CL A 57636Q104 397,231 -35,180 -8.14 125 -18.83 0.6251
2022-07-26 2022-06-30 13F MASTERCARD CL A 57636Q104 396,379 -36,032 125,049 0.6293
2024-02-14 2022-03-31 13F/A-1 MASTERCARD CL A 57636Q104 432,411 61,198 16.49 155 15.79 0.6109
2022-05-06 2022-03-31 13F MASTERCARD CL A 57636Q104 432,411 61,198 154,535 0.5706
2024-02-14 2021-12-31 13F/A-1 MASTERCARD CL A 57636Q104 371,213 60,094 19.32 133 -99.88 0.4400
2022-02-03 2021-12-31 13F MASTERCARD CL A 57636Q104 371,213 60,094 133,384 0.4177
2021-11-10 2021-09-30 13F MASTERCARD CL A 57636Q104 311,119 -75,686 -19.57 108,170 -23.40 0.3966
2022-02-15 2021-06-30 13F/A-1 MASTERCARD CL A 57636Q104 386,805 52,006 15.53 141,218 18.47 0.5091
2021-08-11 2021-06-30 13F MASTERCARD CL A 57636Q104 386,805 52,006 141,218 0.5091
2022-02-14 2021-03-31 13F/A-1 MASTERCARD CL A 57636Q104 334,799 -160,769 -32.44 119,205 -92.73 0.4827
2021-04-26 2021-03-31 13F MASTERCARD INC - A CL A 57636Q104 334,799 -160,769 119,205 0.4827
2022-02-14 2020-12-31 13F/A-1 MASTERCARD CL A 57636Q104 495,568 83,970 20.40 1,640,382 1,078.51 0.7718
2021-02-10 2020-12-31 13F MASTERCARD CL A 57636Q104 495,568 83,970 176,888 0.8142
2022-02-14 2020-09-30 13F/A-1 MASTERCARD CL A 57636Q104 411,598 -5,619 -1.35 139,191 12.82 0.8199
2020-10-28 2020-09-30 13F MASTERCARD CL A 57636Q104 411,598 -5,619 139,191 0.8234
2022-02-14 2020-06-30 13F/A-1 MASTERCARD CL A 57636Q104 417,217 2,722 0.66 123,371 23.22 0.8153
2020-08-10 2020-06-30 13F MASTERCARD CL A 57636Q104 417,217 2,722 123,371 0.8255
2020-05-04 2020-03-31 13F MASTERCARD CL A 57636Q104 414,495 30,722 8.01 100,126 -12.62 0.8380
2020-02-11 2019-12-31 13F MASTERCARD CL A 57636Q104 383,773 61,649 19.14 114,591 30.99 0.7245
2019-11-07 2019-09-30 13F MASTERCARD CL A 57636Q104 322,124 32,578 11.25 87,480 14.21 0.6416
2019-08-08 2019-06-30 13F/A-1 MASTERCARD CL A 57636Q104 289,546 116,360 67.19 76,594 87.84 0.5930
2019-07-30 2019-06-30 13F MASTERCARD CL A 57636Q104 289,546 12,090 76,594
2019-08-07 2019-03-31 13F/A-1 MASTERCARD CL A 57636Q104 173,186 -92,671 -34.86 40,776 -18.70 0.3359
2019-05-10 2019-03-31 13F MASTERCARD CL A 57636Q104 173,186 -92,671 40,776
2019-01-31 2018-12-31 13F MASTERCARD CL A 57636Q104 265,857 -41,214 -13.42 50,154 -26.63 0.5587
2018-11-14 2018-09-30 13F MASTERCARD CL A 57636Q104 307,071 14,300 4.88 68,357 18.81 0.5171
2018-08-03 2018-06-30 13F MASTERCARD CL A 57636Q104 292,771 5,542 1.93 57,535 14.36 0.5009
2018-08-03 2018-03-31 13F/A-1 MASTERCARD CL A 57636Q104 287,229 -44,495 -13.41 50,310 0.20 0.4654
2018-05-09 2018-03-31 13F MASTERCARD CL A 57636Q104 287,229 -44,495 50,310
2018-08-03 2017-12-31 13F/A-1 MASTERCARD CL A 57636Q104 331,724 144,480 77.16 50,210 89.91 0.4293
2018-02-07 2017-12-31 13F MASTERCARD CL A 57636Q104 331,724 144,480 50,210
2017-11-13 2017-09-30 13F MASTERCARD CL A 57636Q104 187,244 2,940 1.60 26,439 18.12 0.2400
2017-08-04 2017-06-30 13F MASTERCARD CL A 57636Q104 184,304 -129,997 -41.36 22,384 -36.68 0.2163
2017-05-10 2017-03-31 13F MASTERCARD CL A 57636Q104 314,301 -7,240 -2.25 35,350 6.48 0.3191
2017-02-16 2016-12-31 13F MASTERCARD CL A 57636Q104 321,541 57,237 21.66 33,200 23.43 0.3291
2016-11-03 2016-09-30 13F MASTERCARD CL A 57636Q104 264,304 -13,456 -4.84 26,897 9.96 0.3177
2016-08-03 2016-06-30 13F MASTERCARD CL A 57636Q104 277,760 -3,441 -1.22 24,460 -7.95 0.3499
2016-05-11 2016-03-31 13F MASTERCARD CL A 57636Q104 281,201 77,220 37.86 26,573 33.80 0.4415
2016-02-11 2015-12-31 13F MASTERCARD CL A 57636Q104 203,981 11,648 6.06 19,860 14.58 0.3658
2015-11-12 2015-09-30 13F MASTERCARD CL A 57636Q104 192,333 -53,174 -21.66 17,333 -24.47 0.3487
2015-12-16 2015-06-30 13F/A-1 MASTERCARD CL A 57636Q104 245,507 74,816 43.83 22,950 55.64 0.2950
2015-07-31 2015-06-30 13F MASTERCARD CL A 57636Q104 245,507 22,950
2015-12-16 2015-03-31 13F/A-1 MASTERCARD CL A 57636Q104 170,691 52,749 44.72 14,746 45.12 0.1873
2015-04-30 2015-03-31 13F MASTERCARD CL A 57636Q104 170,691 14,746
2015-12-15 2014-12-31 13F/A-1 MASTERCARD CL A 57636Q104 117,942 92,346 360.78 10,161 437.05 0.1210
2015-02-12 2014-12-31 13F MASTERCARD CL A 57636Q104 117,942 10,161
2014-10-16 2014-09-30 13F MASTERCARD CL A 57636Q104 25,596 -72,059 -73.79 1,892 -73.63 0.0660
2014-08-01 2014-06-30 13F MASTERCARD CL A 57636Q104 97,655 16,222 19.92 7,174 17.94 0.0820
2014-04-30 2014-03-31 13F MASTERCARD CL A 57636Q104 81,433 68,849 547.12 6,083 -42.14 0.0961
2014-01-21 2013-12-31 13F MASTERCARD CL A 57636Q104 12,584 -2,304 -15.48 10,514 4.97 0.1590
2013-11-06 2013-09-30 13F MASTERCARD CL A 57636Q104 14,888 1,710 12.98 10,016 32.29 0.1612
2013-07-29 2013-06-30 13F MASTERCARD CL A 57636Q104 13,178 13,178 7,571 0.1404
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.