Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionLinscomb & Williams, Inc.
Latest Disclosed Ownership15,766 shares
Latest Disclosed Value $ 7,877,494
Linscomb & Williams, Inc. reports 11.95% decrease in ownership of MA / Mastercard Incorporated

On May 11, 2026 - Linscomb & Williams, Inc. filed a 13F-HR form disclosing ownership of 15,766 shares of Mastercard Incorporated (US:MA) valued at $7,877,640 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 17,905 shares of Mastercard Incorporated. This represents a change in shares of -11.95% during the quarter. The current value of the position is $7,434,457 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)
2026-05-11 2026-03-31 13F MASTERCARD CL A 57636Q104 15,766 -2,139 -11.95 7,877 -22.93 0.3505
2026-02-10 2025-12-31 13F MASTERCARD CL A 57636Q104 17,905 392 2.24 10,222 2.61 0.4291
2025-11-05 2025-09-30 13F MASTERCARD CL A 57636Q104 17,513 330 1.92 9,961 3.17 0.4291
2025-08-04 2025-06-30 13F MASTERCARD CL A 57636Q104 17,183 327 1.94 9,656 4.51 0.4438
2025-05-12 2025-03-31 13F MASTERCARD CL A 57636Q104 16,856 -12 -0.07 9,239 4.01 0.4601
2025-02-05 2024-12-31 13F MASTERCARD CL A 57636Q104 16,868 398 2.42 8,882 9.21 0.4422
2024-11-06 2024-09-30 13F MASTERCARD CL A 57636Q104 16,470 -220 -1.32 8,133 10.47 0.4032
2024-08-07 2024-06-30 13F MASTERCARD CL A 57636Q104 16,690 450 2.77 7,363 -5.86 0.3810
2024-05-14 2024-03-31 13F MASTERCARD CL A 57636Q104 16,240 341 2.14 7,821 15.32 0.4023
2024-02-06 2023-12-31 13F MASTERCARD CL A 57636Q104 15,899 -270 -1.67 6,781 5.94 0.3733
2023-10-10 2023-09-30 13F MASTERCARD CL A 57636Q104 16,169 -321 -1.95 6,401 -1.30 0.3744
2023-08-09 2023-06-30 13F MASTERCARD CL A 57636Q104 16,490 -358 -2.12 6,486 5.93 0.3500
2023-05-11 2023-03-31 13F MASTERCARD CL A 57636Q104 16,848 -1,440 -7.87 6,123 -3.73 0.3211
2023-02-14 2022-12-31 13F MASTERCARD CL A 57636Q104 18,288 1,612 9.67 6,359 34.10 0.3228
2022-11-09 2022-09-30 13F MASTERCARD CL A 57636Q104 16,676 137 0.83 4,742 -9.12 0.2879
2022-08-15 2022-06-30 13F MASTERCARD CL A 57636Q104 16,539 -1,295 -7.26 5,218 -18.14 0.2991
2022-05-17 2022-03-31 13F MASTERCARD CL A 57636Q104 17,834 455 2.62 6,374 2.07 0.3044
2022-02-10 2021-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 17,379 454 2.68 6,245 6.14 0.2981
2021-11-03 2021-09-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 16,925 420 2.54 5,884 -2.36 0.3032
2021-08-10 2021-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 16,505 380 2.36 6,026 4.96 0.3085
2021-05-12 2021-03-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 16,125 282 1.78 5,741 1.52 0.3122
2021-02-11 2020-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 15,843 87 0.55 5,655 6.14 0.3378
2020-11-13 2020-09-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 15,756 133 0.85 5,328 15.32 0.3670
2020-08-11 2020-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 15,623 3,270 26.47 4,620 54.83 0.3380
2020-05-11 2020-03-31 13F MASTERCARD INC CL A COM 57636Q104 12,353 435 3.65 2,984 -16.16 0.2637
2020-02-13 2019-12-31 13F MASTERCARD INC CL A COM 57636Q104 11,918 114 0.97 3,559 11.05 0.2322
2019-11-08 2019-09-30 13F MASTERCARD INC CL A COM 57636Q104 11,804 -45 -0.38 3,205 2.27 0.2576
2019-08-06 2019-06-30 13F MASTERCARD INC CL A COM 57636Q104 11,849 42 0.36 3,134 12.73 0.2572
2019-05-09 2019-03-31 13F MASTERCARD INC CL A COM 57636Q104 11,807 54 0.46 2,780 25.39 0.2340
2019-02-08 2018-12-31 13F MASTERCARD COM 57636Q104 11,753 127 1.09 2,217 -14.34 0.2096
2018-11-08 2018-09-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 11,626 134 1.17 2,588 14.61 0.2125
2018-08-07 2018-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 11,492 353 3.17 2,258 15.74 0.1920
2018-05-04 2018-03-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 11,139 -15 -0.13 1,951 15.58 0.1659
2018-02-02 2017-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 11,154 -287 -2.51 1,688 4.52 0.1387
2017-10-27 2017-09-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 11,441 31 0.27 1,615 16.52 0.1387
2017-08-15 2017-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 11,410 187 1.67 1,386 9.83 0.1240
2017-04-28 2017-03-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 11,223 603 5.68 1,262 15.04 0.1143
2017-02-07 2016-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 10,620 208 2.00 1,097 3.49 0.1021
2016-11-10 2016-09-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 10,412 -16 -0.15 1,060 15.47 0.1030
2016-08-05 2016-06-30 13F MASTERCARD INC CL A COM 57636Q104 10,428 62 0.60 918 -6.33 0.0925
2016-05-04 2016-03-31 13F MASTERCARD INC CL A COM 57636Q104 10,366 -458 -4.23 980 -7.02 0.1061
2016-01-29 2015-12-31 13F MASTERCARD INC CL A COM 57636Q104 10,824 -600 -5.25 1,054 2.33 0.1193
2015-11-09 2015-09-30 13F MASTERCARD INC CL A COM 57636Q104 11,424 532 4.88 1,030 1.18 0.1211
2015-08-05 2015-06-30 13F MASTERCARD INC CL A COM 57636Q104 10,892 86 0.80 1,018 8.99 0.1111
2015-05-06 2015-03-31 13F MASTERCARD COM 57636Q104 10,806 10,806 0.00 934 0.1002
2015-02-04 2014-12-31 13F MASTERCARD COM 57636Q104 0 -10,297 -100.00 0 -100.00
2014-11-05 2014-09-30 13F MASTERCARD COM 57636Q104 10,297 719 7.51 761 8.10 0.0840
2014-08-05 2014-06-30 13F MASTERCARD COM 57636Q104 9,578 420 4.59 704 2.92 0.0743
2014-05-09 2014-03-31 13F MASTERCARD COM 57636Q104 9,158 8,530 1,358.28 684 30.29 0.0755
2014-02-05 2013-12-31 13F Mastercard COM 57636Q104 628 120 23.62 525 53.51 0.0644
2013-11-01 2013-09-30 13F Mastercard COM 57636Q104 508 0 0.00 342 17.12 0.0449
2013-08-01 2013-06-30 13F Mastercard COM 57636Q104 508 508 292 0.0399
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.