Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionEthic Inc.
Latest Disclosed Ownership90,878 shares
Latest Disclosed Value $ 45,408,031
Ethic Inc. reports 1.75% increase in ownership of MA / Mastercard Incorporated

On April 27, 2026 - Ethic Inc. filed a 13F-HR form disclosing ownership of 90,878 shares of Mastercard Incorporated (US:MA) valued at $45,408,101 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 3, 2026 disclosing 89,316 shares of Mastercard Incorporated. This represents a change in shares of 1.75% during the quarter. The current value of the position is $42,853,521 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-04-27 2026-03-31 13F MASTERCARD INCORPORATED CL A CL A 57636Q104 90,878 1,562 1.75 45,408 -10.94 0.7111
2026-02-03 2025-12-31 13F MASTERCARD INCORPORATED CL A CL A 57636Q104 89,316 3,089 3.58 50,989 3.96 0.7841
2025-10-17 2025-09-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 86,227 -2,725 -3.06 49,047 0.19 0.8070
2025-07-30 2025-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 88,952 -1,892 -2.08 48,952 -1.76 0.8768
2025-05-13 2025-03-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 90,844 4,810 5.59 49,829 9.99 1.0095
2025-02-14 2024-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 86,034 11,848 15.97 45,303 26.81 0.9141
2024-11-13 2024-09-30 13F MASTERCARD CL A 57636Q104 74,186 -4,551 -5.78 35,726 2.85 0.9027
2024-08-13 2024-06-30 13F MASTERCARD CL A 57636Q104 78,737 4,551 6.13 34,736 -2.77 0.8146
2024-05-13 2024-03-31 13F MASTERCARD CL A 57636Q104 74,186 6,792 10.08 35,726 24.29 0.9026
2024-02-14 2023-12-31 13F MASTERCARD CL A 57636Q104 67,394 3,198 4.98 28,744 13.10 0.8503
2023-11-14 2023-09-30 13F MASTERCARD CL A 57636Q104 64,196 10,108 18.69 25,416 19.48 0.8918
2023-08-14 2023-06-30 13F MASTERCARD CL A 57636Q104 54,088 3,443 6.80 21,273 15.58 0.7887
2023-05-12 2023-03-31 13F MASTERCARD CL A 57636Q104 50,645 13,136 35.02 18,405 41.11 0.7467
2023-02-14 2022-12-31 13F MASTERCARD CL A 57636Q104 37,509 12,521 50.11 13,043 83.56 0.7046
2022-11-14 2022-09-30 13F MASTERCARD CL A 57636Q104 24,988 2,353 10.40 7,105 -0.50 0.4823
2022-08-10 2022-06-30 13F MASTERCARD CL A 57636Q104 22,635 3,655 19.26 7,141 5.28 0.4977
2022-05-16 2022-03-31 13F MASTERCARD CL A 57636Q104 18,980 2,535 15.42 6,783 14.79 0.4682
2022-02-14 2021-12-31 13F MASTERCARD CL A 57636Q104 16,445 -2,157 -11.60 5,909 -8.64 0.4556
2021-11-15 2021-09-30 13F MASTERCARD CL A 57636Q104 18,602 -2,222 -10.67 6,468 -14.92 0.6620
2021-08-10 2021-06-30 13F MASTERCARD CL A 57636Q104 20,824 6,135 41.77 7,602 45.35 0.9215
2021-05-13 2021-03-31 13F MASTERCARD CL A 57636Q104 14,689 4,119 38.97 5,230 38.62 0.9323
2021-02-10 2020-12-31 13F MASTERCARD CL A 57636Q104 10,570 1,409 15.38 3,773 21.79 0.9974
2020-10-27 2020-09-30 13F MASTERCARD CL A 57636Q104 9,161 1,867 25.60 3,098 43.63 1.1847
2020-08-12 2020-06-30 13F MASTERCARD CL A 57636Q104 7,294 859 13.35 2,157 38.80 1.2274
2020-05-15 2020-03-31 13F MASTERCARD CL A 57636Q104 6,435 833 14.87 1,554 -7.11 1.2974
2020-05-22 2019-12-31 13F/A-1 MASTERCARD CL A 57636Q104 5,602 5,602 1,673 1.2758
2020-02-13 2019-12-31 13F MASTERCARD CL A 57636Q104 4,953 1,479 1.2747
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.