Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionFirst Foundation Advisors
Latest Disclosed Ownership33,470 shares
Latest Disclosed Value $ 16,723,391
First Foundation Advisors reports 3.44% decrease in ownership of MA / Mastercard Incorporated

On May 4, 2026 - First Foundation Advisors filed a 13F-HR form disclosing ownership of 33,470 shares of Mastercard Incorporated (US:MA) valued at $16,723,620 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 34,664 shares of Mastercard Incorporated. This represents a change in shares of -3.44% during the quarter. The current value of the position is $15,782,778 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)
2026-05-04 2026-03-31 13F MASTERCARD CL A 57636Q104 33,470 -1,194 -3.44 16,723 -15.49 0.6733
2026-02-04 2025-12-31 13F MASTERCARD CL A 57636Q104 34,664 -2,142 -5.82 19,789 -5.48 0.7456
2025-11-17 2025-09-30 13F MASTERCARD CL A 57636Q104 36,806 -5,205 -12.39 20,936 -11.32 0.7738
2025-08-14 2025-06-30 13F MASTERCARD CL A 57636Q104 42,011 -2,065 -4.69 23,608 -2.28 0.8748
2025-05-08 2025-03-31 13F MASTERCARD CL A 57636Q104 44,076 -3,279 -6.92 24,159 -3.12 0.9833
2025-02-13 2024-12-31 13F MASTERCARD CL A 57636Q104 47,355 -587 -1.22 24,936 5.33 0.9382
2024-11-14 2024-09-30 13F MASTERCARD CL A 57636Q104 47,942 -4,068 -7.82 23,674 3.18 0.8918
2024-08-06 2024-06-30 13F MASTERCARD CL A 57636Q104 52,010 -1,262 -2.37 22,945 -10.56 0.8768
2024-05-10 2024-03-31 13F MASTERCARD CL A 57636Q104 53,272 -3,590 -6.31 25,654 5.78 1.0265
2024-02-14 2023-12-31 13F MASTERCARD CL A 57636Q104 56,862 -10,756 -15.91 24,252 -9.41 1.1051
2023-11-15 2023-09-30 13F MASTERCARD CL A 57636Q104 67,618 -4,102 -5.72 26,771 -5.09 1.2505
2023-08-14 2023-06-30 13F MASTERCARD CL A 57636Q104 71,720 -6,117 -7.86 28,207 -0.28 1.2190
2023-05-12 2023-03-31 13F MASTERCARD CL A 57636Q104 77,837 -41,170 -34.59 28,287 -31.65 1.3006
2023-02-14 2022-12-31 13F MASTERCARD CL A 57636Q104 119,007 -5,674 -4.55 41,382 16.73 1.9819
2022-11-14 2022-09-30 13F MASTERCARD CL A 57636Q104 124,681 -679 -0.54 35,452 -10.36 1.7360
2022-08-12 2022-06-30 13F MASTERCARD CL A 57636Q104 125,360 -22,561 -15.25 39,549 -25.19 1.7469
2022-05-05 2022-03-31 13F MASTERCARD CL A 57636Q104 147,921 -10,937 -6.88 52,864 -7.39 1.9085
2022-02-14 2021-12-31 13F MASTERCARD CL A 57636Q104 158,858 948 0.60 57,081 3.97 1.9618
2021-11-15 2021-09-30 13F MASTERCARD CL A 57636Q104 157,910 6,071 4.00 54,902 -0.96 2.0493
2021-08-13 2021-06-30 13F MASTERCARD CL A 57636Q104 151,839 7,320 5.07 55,435 7.73 2.1347
2021-05-18 2021-03-31 13F MASTERCARD CL A 57636Q104 144,519 9,854 7.32 51,456 7.05 2.2064
2021-02-16 2020-12-31 13F MASTERCARD CL A 57636Q104 134,665 3,857 2.95 48,067 8.66 2.1310
2020-11-12 2020-09-30 13F Mastercard CL A 57636Q104 130,808 -29,572 -18.44 44,235 -6.72 2.0526
2020-08-14 2020-06-30 13F Mastercard CL A 57636Q104 160,380 2,225 1.41 47,424 24.13 2.4448
2020-05-11 2020-03-31 13F Mastercard CL A 57636Q104 158,155 31,360 24.73 38,204 0.91 2.3410
2020-02-11 2019-12-31 13F Mastercard CL A 57636Q104 126,795 5,652 4.67 37,860 15.08 1.8733
2019-11-12 2019-09-30 13F Mastercard CL A 57636Q104 121,143 11,859 10.85 32,899 13.80 1.7563
2019-08-14 2019-06-30 13F Mastercard CL A 57636Q104 109,284 18,407 20.25 28,909 35.11 1.6188
2019-05-13 2019-03-31 13F Mastercard CL A 57636Q104 90,877 79,609 706.51 21,397 906.44 1.2682
2019-02-14 2018-12-31 13F Mastercard CL A 57636Q104 11,268 6,791 151.69 2,126 113.24 0.1342
2018-11-13 2018-09-30 13F Mastercard CL A 57636Q104 4,477 2,495 125.88 997 155.64 0.0552
2018-08-14 2018-06-30 13F Mastercard CL A 57636Q104 1,982 -79 -3.83 390 8.03 0.0229
2018-05-15 2018-03-31 13F Mastercard CL A 57636Q104 2,061 2,061 361 0.0201
2017-08-14 2017-06-30 13F Mastercard CL A 57636Q104 0 -2,882 -100.00 0 -100.00
2017-05-05 2017-03-31 13F Mastercard CL A 57636Q104 2,882 2,882 324 0.0200
2016-11-14 2016-09-30 13F Mastercard CL A 57636Q104 0 -5,121 -100.00 0 -100.00
2016-08-16 2016-06-30 13F Mastercard CL A 57636Q104 5,121 5,121 451 0.0324
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.