Mastercard Incorporated
MX ˙ BMV ˙ US57636Q1040
SecurityMX:MA / Mastercard Incorporated
InstitutionGeode Capital Management, Llc
Latest Disclosed Ownership21,071,444 shares
Latest Disclosed Value $ 10,498,414,672
Geode Capital Management, Llc reports 1.86% increase in ownership of MA / Mastercard Incorporated

On May 15, 2026 - Geode Capital Management, Llc filed a 13F-HR form disclosing ownership of 21,071,444 shares of Mastercard Incorporated (MX:MA) valued at $10,498,414,672 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 9, 2026 disclosing 20,686,605 shares of Mastercard Incorporated. This represents a change in shares of 1.86% during the quarter.

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)
2026-05-15 2026-03-31 13F MASTERCARD INC - A CL A 57636Q104 21,071,444 384,839 1.86 10,498,415 -10.83 0.3490
2026-02-09 2025-12-31 13F MASTERCARD INC - A CL A 57636Q104 20,686,605 349,369 1.72 11,773,153 2.10 0.7265
2025-11-12 2025-09-30 13F MASTERCARD INC - A CL A 57636Q104 20,337,236 576,684 2.92 11,531,043 4.24 0.7356
2025-08-08 2025-06-30 13F MASTERCARD INC - A CL A 57636Q104 19,760,552 542,841 2.82 11,062,509 5.34 0.7754
2025-05-13 2025-03-31 13F MASTERCARD INC - A CL A 57636Q104 19,217,711 559,919 3.00 10,501,590 7.16 0.8256
2025-02-12 2024-12-31 13F MASTERCARD INC - A CL A 57636Q104 18,657,792 282,739 1.54 9,800,202 8.36 0.7594
2024-11-12 2024-09-30 13F MASTERCARD INC - A CL A 57636Q104 18,375,053 453,773 2.53 9,043,972 14.69 0.7323
2024-08-09 2024-06-30 13F MASTERCARD INC - A CL A 57636Q104 17,921,280 451,895 2.59 7,885,868 -6.01 0.6921
2024-05-13 2024-03-31 13F MASTERCARD INC - A CL A 57636Q104 17,469,385 338,373 1.98 8,390,442 15.14 0.7760
2024-02-13 2023-12-31 13F MASTERCARD INC - A CL A 57636Q104 17,131,012 252,884 1.50 7,286,976 9.28 0.7624
2023-11-13 2023-09-30 13F MASTERCARD INC - A CL A 57636Q104 16,878,128 234,855 1.41 6,668,228 2.13 0.7942
2023-08-11 2023-06-30 13F MASTERCARD INC - A CL A 57636Q104 16,643,273 274,679 1.68 6,529,235 9.99 0.7673
2023-05-15 2023-03-31 13F MASTERCARD INC - A CL A 57636Q104 16,368,594 62,380 0.38 5,936,110 104,778.25 0.7708
2023-02-13 2022-12-31 13F MASTERCARD INC - A CL A 57636Q104 16,306,214 208,671 1.30 5,661 -99.88 0.7944
2022-11-14 2022-09-30 13F MASTERCARD INC - A CL A 57636Q104 16,097,543 374,005 2.38 4,573,056 -7.65 0.6937
2022-08-12 2022-06-30 13F MASTERCARD INC - A CL A 57636Q104 15,723,538 297,377 1.93 4,951,966 -9.96 0.7254
2022-05-13 2022-03-31 13F MASTERCARD INC - A CL A 57636Q104 15,426,161 277,994 1.84 5,499,764 1.30 0.6865
2022-02-11 2021-12-31 13F MASTERCARD INC - A CL A 57636Q104 15,148,167 421,767 2.86 5,429,311 6.32 0.6539
2021-11-12 2021-09-30 13F MASTERCARD INC - A CL A 57636Q104 14,726,400 534,241 3.76 5,106,551 -1.16 0.6875
2021-08-13 2021-06-30 13F MASTERCARD INC - A CL A 57636Q104 14,192,159 215,805 1.54 5,166,587 4.11 0.7118
2021-05-12 2021-03-31 13F MASTERCARD INC - A CL A 57636Q104 13,976,354 216,976 1.58 4,962,775 1.30 0.7591
2021-02-12 2020-12-31 13F MASTERCARD INC - A CL A 57636Q104 13,759,378 44,400 0.32 4,898,884 5.83 0.8222
2020-11-13 2020-09-30 13F MASTERCARD INC - A CL A 57636Q104 13,714,978 -39,234 -0.29 4,629,230 14.01 0.9070
2020-08-13 2020-06-30 13F MASTERCARD INC - A CL A 57636Q104 13,754,212 -213,099 -1.53 4,060,420 20.54 0.8686
2020-05-14 2020-03-31 13F MASTERCARD INC - A CL A 57636Q104 13,967,311 -70,900 -0.51 3,368,453 -19.49 0.8779
2020-02-20 2019-12-31 13F/A-1 MASTERCARD INC - A CL A 57636Q104 14,038,211 367,242 2.69 4,183,742 12.85 0.8744
2020-02-13 2019-12-31 13F MASTERCARD INC - A CL A 57636Q104 14,038,211 367,242 4,183,742 533,181.2344
2019-11-12 2019-09-30 13F MASTERCARD INC - A CL A 57636Q104 13,670,969 396,931 2.99 3,707,509 5.75 0.8652
2019-08-14 2019-06-30 13F MASTERCARD INC - A CL A 57636Q104 13,274,038 581,049 4.58 3,505,954 17.50 0.8484
2019-05-14 2019-03-31 13F MASTERCARD INC - A CL A 57636Q104 12,692,989 260,992 2.10 2,983,669 27.43 0.7731
2019-03-06 2018-12-31 13F/A-1 MASTERCARD INC - A CL A 57636Q104 12,431,997 416,095 3.46 2,341,383 -12.31 0.7238
2019-02-13 2018-12-31 13F MASTERCARD INC - A CL A 57636Q104 12,431,997 416,095 2,341,383
2018-11-13 2018-09-30 13F MASTERCARD INC - A CL A 57636Q104 12,015,902 418,357 3.61 2,670,160 17.38 0.7524
2018-08-14 2018-06-30 13F MASTERCARD INC - A CL A 57636Q104 11,597,545 283,134 2.50 2,274,836 15.05 0.6993
2018-05-15 2018-03-31 13F MASTERCARD INC - A CL A 57636Q104 11,314,411 383,739 3.51 1,977,251 19.73 0.6442
2018-02-13 2017-12-31 13F MASTERCARD INC - A CL A 57636Q104 10,930,672 396,897 3.77 1,651,362 11.22 0.5608
2017-11-14 2017-09-30 13F MASTERCARD INC - A CL A 57636Q104 10,533,775 360,617 3.54 1,484,716 20.36 0.5480
2017-08-14 2017-06-30 13F MASTERCARD INC - A CL A 57636Q104 10,173,158 150,007 1.50 1,233,580 9.57 0.4851
2017-06-21 2017-03-31 13F/A-1 MASTERCARD CL A 57636Q104 10,023,151 634,740 6.76 1,125,829 16.27 0.4618
2017-05-12 2017-03-31 13F MASTERCARD CL A 57636Q104 10,023,151 1,125,829
2017-02-14 2016-12-31 13F MASTERCARD CL A 57636Q104 9,388,411 365,231 4.05 968,279 5.60 0.4503
2016-11-10 2016-09-30 13F MASTERCARD CL A 57636Q104 9,023,180 399,307 4.63 916,945 20.94 0.4617
2016-08-12 2016-06-30 13F MASTERCARD CL A 57636Q104 8,623,873 47,922 0.56 758,192 -6.27 0.4123
2016-05-13 2016-03-31 13F MASTERCARD CL A 57636Q104 8,575,951 492,230 6.09 808,899 2.99 0.4293
2016-02-12 2015-12-31 13F MASTERCARD CL A 57636Q104 8,083,721 192,272 2.44 785,430 10.66 0.4476
2015-11-13 2015-09-30 13F MASTERCARD CL A 57636Q104 7,891,449 287,274 3.78 709,775 0.05 0.4305
2015-08-14 2015-06-30 13F MASTERCARD CL A 57636Q104 7,604,175 5,595 0.07 709,418 8.24 0.4050
2015-05-14 2015-03-31 13F MASTERCARD CL A 57636Q104 7,598,580 217,162 2.94 655,406 3.19 0.3746
2015-02-12 2014-12-31 13F MASTERCARD CL A 57636Q104 7,381,418 209,433 2.92 635,159 19.96 0.3779
2014-11-14 2014-09-30 13F MASTERCARD CL A 57636Q104 7,171,985 -263,656 -3.55 529,472 -3.02 0.3432
2014-08-13 2014-06-30 13F MASTERCARD CL A 57636Q104 7,435,641 -219,881 -2.87 545,971 -4.49 0.3530
2014-05-14 2014-03-31 13F MASTERCARD CL A 57636Q104 7,655,522 6,888,479 898.06 571,625 -10.77 0.3834
2014-02-14 2013-12-31 13F MASTERCARD CL A 57636Q104 767,043 24,653 3.32 640,648 28.30 0.4441
2013-11-14 2013-09-30 13F MASTERCARD CL A 57636Q104 742,390 16,469 2.27 499,342 19.76 0.4004
2013-08-14 2013-06-30 13F MASTERCARD CL A 57636Q104 725,921 725,921 416,955 0.3666
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.