Mastercard Incorporated
MX ˙ BMV ˙ US57636Q1040
SecurityMX:MA / Mastercard Incorporated
Institution14B Captial Management LP
Latest Disclosed Ownership42,560 shares
Latest Disclosed Value $ 24,296,653
14B Captial Management LP reports 1.02% decrease in ownership of MA / Mastercard Incorporated

On February 17, 2026 - 14B Captial Management LP filed a 13F-HR form disclosing ownership of 42,560 shares of Mastercard Incorporated (MX:MA) valued at $24,296,653 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 43,000 shares of Mastercard Incorporated. This represents a change in shares of -1.02% 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)
2026-02-17 2025-12-31 13F MASTERCARD CLASS A 57636Q104 42,560 -440 -1.02 24,297 -0.66 19.5294
2025-11-14 2025-09-30 13F MASTERCARD CLASS A 57636Q104 43,000 -10,000 -18.87 24,459 -17.88 14.3133
2025-08-14 2025-06-30 13F MASTERCARD CLASS A 57636Q104 53,000 -5,000 -8.62 29,783 -6.32 12.2381
2025-05-15 2025-03-31 13F MASTERCARD CLASS A 57636Q104 58,000 -19,000 -24.68 31,791 -21.59 13.2426
2025-02-14 2024-12-31 13F MASTERCARD CLASS A 57636Q104 77,000 0 0.00 40,546 6.64 17.6449
2024-11-14 2024-09-30 13F MASTERCARD CLASS A 57636Q104 77,000 -2,000 -2.53 38,023 9.10 17.0432
2024-08-14 2024-06-30 13F MASTERCARD CLASS A 57636Q104 79,000 0 0.00 34,852 -8.39 16.2866
2024-05-15 2024-03-31 13F MASTERCARD CLASS A 57636Q104 79,000 10,000 14.49 38,044 29.27 17.9552
2024-02-14 2023-12-31 13F MASTERCARD CLASS A 57636Q104 69,000 69,000 29,429 17.7765
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.