Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionCwm, Llc
Latest Disclosed Ownership85,759 shares
Latest Disclosed Value $ 42,850,357
Cwm, Llc reports 3.02% increase in ownership of MA / Mastercard Incorporated

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 85,759 shares of Mastercard Incorporated (US:MA) valued at $42,850,342 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 83,248 shares of Mastercard Incorporated. This represents a change in shares of 3.02% during the quarter. The current value of the position is $40,439,656 USD.

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)
2026-05-14 2026-03-31 13F MASTERCARD CL A 57636Q104 85,759 2,511 3.02 42,850 91,070.21 0.1126
2026-01-26 2025-12-31 13F MASTERCARD CL A 57636Q104 83,248 -4,691 -5.33 48 -6.00 0.1288
2025-10-15 2025-09-30 13F MASTERCARD CL A 57636Q104 87,939 14,012 18.95 50 21.95 0.1504
2025-07-25 2025-06-30 13F MASTERCARD CL A 57636Q104 73,927 1,753 2.43 42 5.13 0.1465
2025-05-01 2025-03-31 13F MASTERCARD CL A 57636Q104 72,174 6,143 9.30 40 14.71 0.1578
2025-02-04 2024-12-31 13F MASTERCARD CL A 57636Q104 66,031 8,104 13.99 35 21.43 0.1443
2024-10-08 2024-09-30 13F MASTERCARD CL A 57636Q104 57,927 3,089 5.63 29 16.67 0.1230
2024-07-10 2024-06-30 13F MASTERCARD CL A 57636Q104 54,838 4,548 9.04 24 0.00 0.1140
2024-04-05 2024-03-31 13F MASTERCARD CL A 57636Q104 50,290 12,746 33.95 24 50.00 0.1178
2024-02-01 2023-12-31 13F MASTERCARD CL A 57636Q104 37,544 7,313 24.19 16 45.45 0.0861
2023-10-11 2023-09-30 13F MASTERCARD CL A 57636Q104 30,231 5,653 23.00 12 22.22 0.0733
2023-08-03 2023-06-30 13F MASTERCARD CL A 57636Q104 24,578 2,564 11.65 10 12.50 0.0597
2023-05-01 2023-03-31 13F MASTERCARD CL A 57636Q104 22,014 2,379 12.12 8 33.33 0.0541
2023-02-01 2022-12-31 13F MASTERCARD CL A 57636Q104 19,635 5,364 37.59 7 -99.85 0.0503
2022-10-27 2022-09-30 13F MASTERCARD CL A 57636Q104 14,271 341 2.45 4,058 -7.67 0.0322
2022-07-28 2022-06-30 13F MASTERCARD CL A 57636Q104 13,930 1,790 14.74 4,395 1.31 0.0340
2022-04-21 2022-03-31 13F MASTERCARD CL A 57636Q104 12,140 2,168 21.74 4,338 21.07 0.0308
2022-01-31 2021-12-31 13F MASTERCARD CL A 57636Q104 9,972 -47,179 -82.55 3,583 -82.83 0.0252
2021-09-15 2021-06-30 13F/A-1 MASTERCARD CL A 57636Q104 57,151 0 0.00 20,865 0.00 0.1663
2021-07-29 2021-06-30 13F MASTERCARD CL A 57636Q104 57,151 0 20,865 0.1663
2021-09-15 2021-03-31 13F/A-1 MASTERCARD CL A 57636Q104 57,151 0 0.00 20,865 0.00 0.1663
2021-04-27 2021-03-31 13F MASTERCARD CL A 57636Q104 56,873 -278 20,250 0.1781
2021-09-15 2020-12-31 13F/A-1 MASTERCARD CL A 57636Q104 57,151 0 0.00 20,865 0.00 0.1663
2021-01-27 2020-12-31 13F MASTERCARD CL A 57636Q104 55,088 -2,063 19,663 0.1843
2021-09-15 2020-09-30 13F/A-1 MASTERCARD CL A 57636Q104 57,151 0 0.00 20,865 0.00 0.1663
2020-10-19 2020-09-30 13F MASTERCARD CL A 57636Q104 42,936 -14,215 14,520 0.1614
2021-09-15 2020-06-30 13F/A-1 MASTERCARD CL A 57636Q104 57,151 0 0.00 20,865 0.00 0.1663
2020-07-22 2020-06-30 13F MASTERCARD CL A 57636Q104 33,501 -23,650 9,906 0.1175
2021-09-15 2020-03-31 13F/A-1 MASTERCARD CL A 57636Q104 57,151 0 0.00 20,865 0.00 0.1663
2020-04-28 2020-03-31 13F MASTERCARD CL A 57636Q104 12,570 -44,581 3,036 0.0452
2021-09-14 2019-12-31 13F/A-1 MASTERCARD CL A 57636Q104 57,151 0 0.00 20,865 0.00 0.1663
2020-01-27 2019-12-31 13F MASTERCARD CL A 57636Q104 11,708 -45,443 3,496 0.0447
2021-09-14 2019-09-30 13F/A-1 MASTERCARD CL A 57636Q104 57,151 0 0.00 20,865 0.00 0.1663
2019-10-22 2019-09-30 13F MASTERCARD CL A 57636Q104 9,813 -47,338 2,665 0.0388
2021-09-14 2019-06-30 13F/A-1 MASTERCARD CL A 57636Q104 57,151 0 0.00 20,865 0.00 0.1663
2019-07-31 2019-06-30 13F MASTERCARD CL A 57636Q104 1,855 -55,296 491 0.0081
2021-09-02 2019-03-31 13F/A-1 MASTERCARD CL A 57636Q104 57,151 55,783 4,077.70 20,865 7,987.21 0.1663
2019-04-22 2019-03-31 13F MASTERCARD CL A 57636Q104 1,580 212 372 0.0075
2019-01-25 2018-12-31 13F MASTERCARD CL A 57636Q104 1,368 205 17.63 258 -0.39 0.0064
2018-10-29 2018-09-30 13F MASTERCARD CL A 57636Q104 1,163 -63 -5.14 259 7.47 0.0066
2018-07-31 2018-06-30 13F MASTERCARD CL A 57636Q104 1,226 85 7.45 241 20.50 0.0079
2018-04-26 2018-03-31 13F MASTERCARD CL A 57636Q104 1,141 -480 -29.61 200 -18.37 0.0079
2018-01-16 2017-12-31 13F MASTERCARD CL A 57636Q104 1,621 -1,355 -45.53 245 -41.67 0.0109
2017-10-16 2017-09-30 13F MASTERCARD CL A 57636Q104 2,976 -284,493 -98.96 420 -98.80 0.0199
2017-07-17 2017-06-30 13F MASTERCARD CL A 57636Q104 287,469 -22,376 -7.22 34,913 0.19 1.7892
2017-04-17 2017-03-31 13F MASTERCARD CL A 57636Q104 309,845 21,707 7.53 34,848 17.14 1.9704
2017-01-19 2016-12-31 13F MASTERCARD CL A 57636Q104 288,138 20,365 7.61 29,750 9.17 1.8233
2016-10-17 2016-09-30 13F MASTERCARD CL A 57636Q104 267,773 20,161 8.14 27,251 24.98 1.8810
2016-07-21 2016-06-30 13F MASTERCARD CL A 57636Q104 247,612 138,623 127.19 21,805 111.72 1.5903
2016-04-18 2016-03-31 13F MASTERCARD CL A 57636Q104 108,989 -25,928 -19.22 10,299 -21.60 0.9044
2016-02-01 2015-12-31 13F MASTERCARD CL A 57636Q104 134,917 -31,510 -18.93 13,136 -12.41 1.2835
2015-10-30 2015-09-30 13F MASTERCARD CL A 57636Q104 166,427 -6,693 -3.87 14,998 -7.32 1.5098
2015-07-09 2015-06-30 13F MASTERCARD CL A 57636Q104 173,120 -1,449 -0.83 16,183 7.31 1.5526
2015-04-30 2015-03-31 13F MASTERCARD CL A 57636Q104 174,569 -1,569 -0.89 15,081 -0.63 1.5271
2015-02-12 2014-12-31 13F MASTERCARD CL A 57636Q104 176,138 15,325 9.53 15,176 27.67 1.8419
2014-11-14 2014-09-30 13F MASTERCARD CL A 57636Q104 160,813 16,414 11.37 11,887 12.05 1.7260
2014-08-14 2014-06-30 13F MASTERCARD CL A 57636Q104 144,399 63,268 77.98 10,609 75.07 1.8983
2014-05-16 2014-03-31 13F MASTERCARD CL A 57636Q104 81,131 72,332 822.05 6,060 5.81 0.8260
2014-02-14 2013-12-31 13F MASTERCARD CL A 57636Q104 8,799 1,934 28.17 5,727 23.99 0.8934
2013-11-14 2013-09-30 13F MASTERCARD CL A 57636Q104 6,865 6,865 4,619 1.2119
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.