Mastercard Incorporated
CL ˙ SNSE ˙ US57636Q1040
SecurityCL:MA / Mastercard Incorporated
InstitutionSaturna Capital CORP
Latest Disclosed Ownership5,320 shares
Latest Disclosed Value $ 2,658,191
Saturna Capital CORP reports 4.66% decrease in ownership of MA / Mastercard Incorporated

On May 11, 2026 - Saturna Capital CORP filed a 13F-HR form disclosing ownership of 5,320 shares of Mastercard Incorporated (CL:MA) valued at $2,658,191 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 11, 2026 disclosing 5,580 shares of Mastercard Incorporated. This represents a change in shares of -4.66% 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)
2026-05-11 2026-03-31 13F Mastercard COM 57636Q104 5,320 -260 -4.66 2,658 -16.55 0.0373
2026-02-11 2025-12-31 13F Mastercard Common Stock 57636Q104 5,580 0 0.00 3,186 0.38 0.0422
2026-02-11 2025-12-31 13F Mastercard Common Stock 57636Q104 5,580 3,186
2026-02-11 2025-12-31 13F Mastercard Common Stock 57636Q104 5,580 3,186
2026-02-11 2025-12-31 13F Mastercard Common Stock 57636Q104 5,580 3,186
2026-02-11 2025-12-31 13F Mastercard Common Stock 57636Q104 5,580 3,186
2025-11-14 2025-09-30 13F Mastercard Common Stock 57636Q104 5,580 -367 -6.17 3,174 -5.03 0.0409
2025-08-12 2025-06-30 13F Mastercard Common Stock 57636Q104 5,947 -225 -3.65 3,342 -1.21 0.0452
2025-05-02 2025-03-31 13F Mastercard Common Stock 57636Q104 6,172 -650 -9.53 3,383 -5.85 0.0507
2025-02-07 2024-12-31 13F Mastercard Common Stock 57636Q104 6,822 -148 -2.12 3,592 4.39 0.0487
2024-11-05 2024-09-30 13F Mastercard Common Stock 57636Q104 6,970 -795 -10.24 3,442 0.47 0.0450
2024-07-31 2024-06-30 13F Mastercard Common Stock 57636Q104 7,765 -560 -6.73 3,426 -14.57 0.0455
2024-05-13 2024-03-31 13F Mastercard Common Stock 57636Q104 8,325 -275 -3.20 4,009 9.33 0.0553
2024-02-06 2023-12-31 13F Mastercard Common Stock 57636Q104 8,600 -1,713 -16.61 3,668 -10.19 0.0572
2023-11-15 2023-09-30 13F Mastercard Common Stock 57636Q104 10,313 -470 -4.36 4,083 -3.70 0.0722
2023-08-04 2023-06-30 13F Mastercard Common Stock 57636Q104 10,783 0 0.00 4,241 8.22 0.0733
2023-05-15 2023-03-31 13F Mastercard Common Stock 57636Q104 10,783 0 0.00 3,919 4.51 0.0759
2023-02-09 2022-12-31 13F Mastercard Common Stock 57636Q104 10,783 -678 -5.92 3,750 15.04 0.0807
2022-11-10 2022-09-30 13F Mastercard Common Stock 57636Q104 11,461 -212 -1.82 3,259 -11.51 0.0795
2022-08-12 2022-06-30 13F Mastercard Common Stock 57636Q104 11,673 -2,900 -19.90 3,683 -29.28 0.0871
2022-05-10 2022-03-31 13F Mastercard Common Stock 57636Q104 14,573 17 0.12 5,208 -0.42 0.1049
2022-02-09 2021-12-31 13F Mastercard Common Stock 57636Q104 14,556 23 0.16 5,230 3.50 0.0937
2021-11-08 2021-09-30 13F Mastercard Common Stock 57636Q104 14,533 -19,158 -56.86 5,053 -58.92 0.1015
2021-08-11 2021-06-30 13F Mastercard Common Stock 57636Q104 33,691 22,900 212.21 12,300 220.15 0.2522
2021-05-14 2021-03-31 13F Mastercard Common Stock 57636Q104 10,791 -35,975 -76.93 3,842 -76.98 0.0857
2021-02-12 2020-12-31 13F Mastercard Common Stock 57636Q104 46,766 395 0.85 16,693 6.45 0.3771
2021-02-12 2020-09-30 13F/A-1 Mastercard Common Stock 57636Q104 46,371 36,200 355.91 15,681 421.31 0.3995
2020-11-10 2020-09-30 13F Mastercard Common Stock 57636Q104 46,371 36,200 15,681 413,891.5093
2020-08-14 2020-06-30 13F Mastercard Common Stock 57636Q104 10,171 -324 -3.09 3,008 12.28 0.0844
2020-05-14 2020-03-31 13F Mastercard Common Stock 57636Q104 10,495 338 3.33 2,679 -11.67 0.0867
2020-02-13 2019-12-31 13F Mastercard Common Stock 57636Q104 10,157 0 0.00 3,033 9.97 0.0820
2019-11-14 2019-09-30 13F Mastercard Common Stock 57636Q104 10,157 0 0.00 2,758 2.64 0.0801
2019-07-31 2019-06-30 13F Mastercard Common Stock 57636Q104 10,157 282 2.86 2,687 15.57 0.0789
2019-05-15 2019-03-31 13F Mastercard Common Stock 57636Q104 9,875 0 0.00 2,325 24.80 0.0679
2019-02-08 2018-12-31 13F Mastercard Common Stock 57636Q104 9,875 0 0.00 1,863 -15.24 0.0627
2018-11-13 2018-09-30 13F Mastercard Common Stock 57636Q104 9,875 0 0.00 2,198 13.24 0.0640
2018-08-02 2018-06-30 13F Mastercard Common Stock 57636Q104 9,875 0 0.00 1,941 12.20 0.0622
2018-05-09 2018-03-31 13F Mastercard Common Stock 57636Q104 9,875 1 0.01 1,730 15.72 0.0550
2018-02-05 2017-12-31 13F Mastercard Common Stock 57636Q104 9,874 0 0.00 1,495 1.56 0.0458
2017-11-14 2017-09-30 13F Mastercard Common Stock 57636Q104 9,874 0 0.00 1,472 22.77 0.0477
2017-08-14 2017-06-30 13F Mastercard Common Stock 57636Q104 9,874 0 0.00 1,199 7.92 0.0398
2017-05-15 2017-03-31 13F Mastercard Common Stock 57636Q104 9,874 0 0.00 1,111 9.03 0.0377
2017-02-14 2016-12-31 13F Mastercard Common Stock 57636Q104 9,874 0 0.00 1,019 1.39 0.0358
2016-11-14 2016-09-30 13F Mastercard Common Stock 57636Q104 9,874 -41 -0.41 1,005 15.12 0.0328
2016-08-08 2016-06-30 13F Mastercard, A Common Stock 57636Q104 9,915 -3,808 -27.75 873 -32.69 0.0279
2016-05-13 2016-03-31 13F Mastercard, A Common Stock 57636Q104 13,723 0 0.00 1,297 -2.92 0.0415
2016-02-12 2015-12-31 13F Mastercard, A Common Stock 57636Q104 13,723 177 1.31 1,336 9.42 0.0412
2015-12-04 2015-09-30 13F Mastercard, A Common Stock 57636Q104 13,546 1,675 14.11 1,221 5.17 0.0384
2015-08-13 2015-06-30 13F Mastercard, A Common Stock 57636Q104 11,871 11,871 1,161 0.0326
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.