Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionNorthern Trust Corp
Latest Disclosed Ownership8,688,907 shares
Latest Disclosed Value $ 4,341,499,273
Northern Trust Corp reports 0.64% decrease in ownership of MA / Mastercard Incorporated

On May 14, 2026 - Northern Trust Corp filed a 13F-HR form disclosing ownership of 8,688,907 shares of Mastercard Incorporated (US:MA) valued at $4,341,499,272 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 8,744,661 shares of Mastercard Incorporated. This represents a change in shares of -0.64% during the quarter. The current value of the position is $4,185,967,836 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 8,688,907 -55,754 -0.64 4,341,499 -13.03 0.1177
2026-02-17 2025-12-31 13F MASTERCARD CL A 57636Q104 8,744,661 -89,508 -1.01 4,992,152 -0.65 0.6364
2025-11-14 2025-09-30 13F MASTERCARD CL A 57636Q104 8,834,169 16,351 0.19 5,024,964 1.41 0.6428
2025-08-13 2025-06-30 13F MASTERCARD CL A 57636Q104 8,817,818 -252,138 -2.78 4,955,085 -0.33 0.6814
2025-05-13 2025-03-31 13F MASTERCARD CL A 57636Q104 9,069,956 -79,225 -0.87 4,971,424 3.19 0.7381
2025-02-14 2024-12-31 13F MASTERCARD CL A 57636Q104 9,149,181 1,207,787 15.21 4,817,684 22.85 0.6822
2024-11-13 2024-09-30 13F MASTERCARD COM 57636Q104 7,941,394 -269,579 -3.28 3,921,460 8.26 0.6419
2024-08-14 2024-06-30 13F MASTERCARD COM 57636Q104 8,210,973 -54,771 -0.66 3,622,353 -9.00 0.6104
2024-05-14 2024-03-31 13F MASTERCARD COM 57636Q104 8,265,744 -332,371 -3.87 3,980,534 8.54 0.6878
2024-02-13 2023-12-31 13F MASTERCARD COM 57636Q104 8,598,115 -477,243 -5.26 3,667,182 2.06 0.6638
2023-11-13 2023-09-30 13F MASTERCARD COM 57636Q104 9,075,358 251,516 2.85 3,593,025 3.53 0.6959
2023-08-11 2023-06-30 13F MASTERCARD COM 57636Q104 8,823,842 -771,014 -8.04 3,470,417 -0.47 0.6669
2023-05-15 2023-03-31 13F MASTERCARD COM 57636Q104 9,594,856 -222,787 -2.27 3,486,867 2.14 0.6913
2023-02-13 2022-12-31 13F MASTERCARD COM 57636Q104 9,817,643 -67,394 -0.68 3,413,889 21.46 0.7164
2022-11-14 2022-09-30 13F MASTERCARD COM 57636Q104 9,885,037 -270,130 -2.66 2,810,711 -12.27 0.6420
2022-08-12 2022-06-30 13F MASTERCARD COM 57636Q104 10,155,167 -293,137 -2.81 3,203,753 -14.20 0.6862
2022-05-13 2022-03-31 13F MASTERCARD COM 57636Q104 10,448,304 -313,786 -2.92 3,734,015 -3.44 0.6569
2022-02-08 2021-12-31 13F MASTERCARD CL A 57636Q104 10,762,090 -48,986 -0.45 3,867,034 2.88 0.6335
2021-11-15 2021-09-30 13F MASTERCARD CL A 57636Q104 10,811,076 187,338 1.76 3,758,794 -3.09 0.6653
2021-08-13 2021-06-30 13F MASTERCARD CL A 57636Q104 10,623,738 -139,993 -1.30 3,878,621 1.21 0.6832
2021-05-12 2021-03-31 13F MASTERCARD CL A 57636Q104 10,763,731 -107,870 -0.99 3,832,426 -1.24 0.7128
2021-02-11 2020-12-31 13F MASTERCARD CL A 57636Q104 10,871,601 -287,331 -2.57 3,880,509 2.83 0.7559
2020-11-16 2020-09-30 13F MASTERCARD CL A 57636Q104 11,158,932 -49,548 -0.44 3,773,616 13.86 0.8275
2020-08-14 2020-06-30 13F MASTERCARD COM 57636Q104 11,208,480 215,126 1.96 3,314,347 24.81 0.7852
2020-05-14 2020-03-31 13F MASTERCARD CL A 57636Q104 10,993,354 9,684 0.09 2,655,554 -19.03 0.7624
2020-02-14 2019-12-31 13F MASTERCARD CL A 57636Q104 10,983,670 -209,398 -1.87 3,279,614 7.89 0.7340
2019-11-13 2019-09-30 13F MASTERCARD COM 57636Q104 11,193,068 -201,155 -1.77 3,039,701 0.85 0.7277
2019-08-13 2019-06-30 13F MASTERCARD CL A 57636Q104 11,394,223 91,436 0.81 3,014,114 13.26 0.7150
2019-05-13 2019-03-31 13F MASTERCARD CL A 57636Q104 11,302,787 133,417 1.19 2,661,240 26.30 0.6573
2019-02-12 2018-12-31 13F MASTERCARD CL A 57636Q104 11,169,370 312,465 2.88 2,107,101 -12.82 0.5910
2018-11-14 2018-09-30 13F MASTERCARD CL A 57636Q104 10,856,905 -181,456 -1.64 2,416,855 11.41 0.5915
2018-09-18 2018-06-30 13F/A-1 MASTERCARD CL A 57636Q104 11,038,361 -5,192 -0.05 2,169,258 12.14 0.5508
2018-08-14 2018-06-30 13F MASTERCARD CL A 57636Q104 11,110,003 66,450 2,183,337
2018-05-09 2018-03-31 13F MASTERCARD CL A 57636Q104 11,043,553 -316,955 -2.79 1,934,389 12.50 0.5032
2018-02-14 2017-12-31 13F MASTERCARD CL A 57636Q104 11,360,508 -253,560 -2.18 1,719,527 4.86 0.4355
2017-11-13 2017-09-30 13F MASTERCARD CL A 57636Q104 11,614,068 597,351 5.42 1,639,907 22.57 0.4274
2017-08-11 2017-06-30 13F MASTERCARD COM 57636Q104 11,016,717 -176,821 -1.58 1,337,981 6.28 0.3741
2017-05-12 2017-03-31 13F MASTERCARD COM 57636Q104 11,193,538 -54,102 -0.48 1,258,937 8.41 0.3630
2017-02-13 2016-12-31 13F MASTERCARD COM 57636Q104 11,247,640 -902,576 -7.43 1,161,320 -6.08 0.3562
2016-11-09 2016-09-30 13F MASTERCARD COM 57636Q104 12,150,216 -153,209 -1.25 1,236,527 14.13 0.3851
2016-08-12 2016-06-30 13F MASTERCARD CL A 57636Q104 12,303,425 -211,914 -1.69 1,083,440 -7.99 0.3517
2016-08-19 2016-03-31 13F/A-1 MASTERCARD CL A 57636Q104 12,515,339 -529,673 -4.06 1,177,579 -7.28 0.3906
2016-05-13 2016-03-31 13F Mastercard COMM 57636Q104 12,515,278 1,182,694
2016-02-12 2015-12-31 13F Mastercard COMM 57636Q104 13,045,012 -726,756 -5.28 1,270,062 2.33 0.4210
2015-11-12 2015-09-30 13F Mastercard COMM 57636Q104 13,771,768 13,771,768 0.00 1,241,112 0.4142
2015-08-13 2015-06-30 13F Mastercard COMM 57636Q104 0 -13,623,342 -100.00 0 -100.00
2015-05-14 2015-03-31 13F Mastercard COMM 57636Q104 13,623,342 -182,777 -1.32 1,176,922 -1.06 0.3540
2015-02-12 2014-12-31 13F Mastercard COM 57636Q104 13,806,119 -376,663 -2.66 1,189,536 13.46 0.3591
2014-11-13 2014-09-30 13F Mastercard COMM 57636Q104 14,182,782 7,652 0.05 1,048,391 0.67 0.3293
2014-08-14 2014-06-30 13F MASTERCARD com 57636Q104 14,175,130 -1,074,275 -7.04 1,041,446 -8.58 0.3246
2014-05-14 2014-03-31 13F MASTERCARD COM 57636Q104 15,249,405 13,788,838 944.07 1,139,131 -6.65 0.3584
2014-02-21 2013-12-31 13F/A-1 MASTERCARD COM 57636Q104 1,460,567 -24,314 -1.64 1,220,245 22.15 0.3913
2014-02-12 2013-12-31 13F MASTERCARD COM 57636Q104 1,460,567 1,220,245
2013-11-13 2013-09-30 13F MASTERCARD COM 57636Q104 1,484,881 -46,185 -3.02 998,999 13.57 0.3518
2013-08-09 2013-06-30 13F MASTERCARD COM 57636Q104 1,531,066 1,531,066 879,598 0.3188
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.