Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionHowe & Rusling Inc
Latest Disclosed Ownership19,908 shares
Latest Disclosed Value $ 9,947,225
Howe & Rusling Inc reports 2.13% increase in ownership of MA / Mastercard Incorporated

On April 28, 2026 - Howe & Rusling Inc filed a 13F-HR form disclosing ownership of 19,908 shares of Mastercard Incorporated (US:MA) valued at $9,947,231 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 14, 2026 disclosing 19,493 shares of Mastercard Incorporated. This represents a change in shares of 2.13% during the quarter. The current value of the position is $9,387,617 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)
2026-04-28 2026-03-31 13F MASTERCARD CL A 57636Q104 19,908 415 2.13 9,947 -10.61 0.6488
2026-02-14 2025-12-31 13F MASTERCARD CL A 57636Q104 19,493 181 0.94 11,128 1.30 0.7361
2025-11-05 2025-09-30 13F MASTERCARD CL A 57636Q104 19,312 -10 -0.05 10,985 1.18 0.7531
2025-08-12 2025-06-30 13F MASTERCARD CL A 57636Q104 19,322 864 4.68 10,858 7.31 0.8021
2025-06-17 2025-03-31 13F MASTERCARD CL A 57636Q104 18,458 306 1.69 10,117 5.85 0.8510
2025-02-12 2024-12-31 13F MASTERCARD CL A 57636Q104 18,152 1,207 7.12 9,558 14.23 0.8239
2024-11-08 2024-09-30 13F MASTERCARD CL A 57636Q104 16,945 543 3.31 8,367 15.63 0.7194
2024-08-14 2024-06-30 13F MASTERCARD CL A 57636Q104 16,402 964 6.24 7,236 -2.66 0.6598
2024-05-15 2024-03-31 13F MASTERCARD CL A 57636Q104 15,438 341 2.26 7,434 15.45 0.7122
2024-02-06 2023-12-31 13F MASTERCARD CL A 57636Q104 15,097 518 3.55 6,439 11.56 0.6827
2023-11-09 2023-09-30 13F MASTERCARD CL A 57636Q104 14,579 -234 -1.58 5,772 -0.93 0.6812
2023-08-14 2023-06-30 13F MASTERCARD CL A 57636Q104 14,813 42 0.28 5,826 8.55 0.6519
2023-05-15 2023-03-31 13F MASTERCARD CL A 57636Q104 14,771 -6,536 -30.68 5,368 -27.56 0.6395
2023-02-15 2022-12-31 13F MASTERCARD CL A 57636Q104 21,307 24 0.11 7,409 22.42 0.9294
2022-11-14 2022-09-30 13F MASTERCARD CL A 57636Q104 21,283 -22 -0.10 6,052 -9.95 0.8037
2022-08-15 2022-06-30 13F MASTERCARD CL A 57636Q104 21,305 307 1.46 6,721 -10.43 0.8523
2022-05-10 2022-03-31 13F MASTERCARD CL A 57636Q104 20,998 78 0.37 7,504 -0.17 0.8674
2022-02-14 2021-12-31 13F MASTERCARD CL A 57636Q104 20,920 -7,682 -26.86 7,517 -24.41 0.8813
2021-11-15 2021-09-30 13F MASTERCARD CL A 57636Q104 28,602 3,382 13.41 9,944 8.00 1.2468
2021-08-13 2021-06-30 13F MASTERCARD CL A 57636Q104 25,220 762 3.12 9,207 5.73 1.1613
2021-05-13 2021-03-31 13F MASTERCARD CL A 57636Q104 24,458 14,080 135.67 8,708 135.10 1.1829
2021-02-08 2020-12-31 13F MASTERCARD CL A 57636Q104 10,378 10,266 9,166.07 3,704 9,647.37 0.5631
2020-11-06 2020-09-30 13F MASTERCARD CL A 57636Q104 112 -125 -52.74 38 -45.71 0.0065
2020-07-15 2020-06-30 13F MASTERCARD CL A 57636Q104 237 1 0.42 70 22.81 0.0129
2020-05-14 2020-03-31 13F MASTERCARD CL A 57636Q104 236 116 96.67 57 58.33 0.0123
2020-02-05 2019-12-31 13F MASTERCARD CL A 57636Q104 120 12 11.11 36 24.14 0.0060
2019-10-31 2019-09-30 13F MASTERCARD CL A 57636Q104 108 108 29 0.0051
2019-02-04 2018-12-31 13F MASTERCARD CL A 57636Q104 0 -110 -100.00 0 -100.00
2018-11-07 2018-09-30 13F MASTERCARD CL A 57636Q104 110 -23 -17.29 24 -7.69 0.0040
2018-07-31 2018-06-30 13F MASTERCARD CL A 57636Q104 133 18 15.65 26 30.00 0.0047
2018-05-14 2018-03-31 13F MASTERCARD CL A 57636Q104 115 115 20 0.0036
2016-10-17 2016-09-30 13F MASTERCARD CL A 57636Q104 0 -100 -100.00 0 -100.00
2016-08-23 2016-06-30 13F MASTERCARD CL A 57636Q104 100 100 0.00 9 0.0020
2015-11-10 2015-09-30 13F MASTERCARD CL A 57636Q104 0 -50 -100.00 0 -100.00
2015-07-22 2015-06-30 13F MASTERCARD CL A 57636Q104 50 50 -27.54 5 -89.36 0.0011
2014-07-31 2013-12-31 13F/A-12 MASTERCARD CL A 57636Q104 0 -69 -100.00 0 -100.00
2013-11-08 2013-09-30 13F MASTERCARD CL A 57636Q104 69 -9 -11.54 47 4.44 0.0172
2013-08-14 2013-06-30 13F MASTERCARD CL A 57636Q104 78 78 45 0.0125
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.