MASTERCARD INCORPORATED MA
CL A · Common Stock · CUSIP 57636Q104 · ISIN US57636Q1040
American multinational financial services corporation
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersPurchase, NY
- Founded1966
- Websitemastercard.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($2.4bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $561.59. Options: 64 managers hold calls ($3.1bn notional), 72 hold puts ($4.7bn).
Trends to Q2 2025
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 2,557 |
| Q4 2022 | 2,713 |
| Q1 2023 | 2,737 |
| Q2 2023 | 2,787 |
| Q3 2023 | 2,823 |
| Q4 2023 | 3,039 |
| Q1 2024 | 3,118 |
| Q2 2024 | 3,121 |
| Q3 2024 | 3,146 |
| Q4 2024 | 3,447 |
| Q1 2025 | 3,490 |
| Q2 2025 | 3,535 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 1,234 | 1,196 |
| Q4 2023 | 1,214 | 1,290 |
| Q1 2024 | 1,394 | 1,324 |
| Q2 2024 | 1,462 | 1,262 |
| Q3 2024 | 1,397 | 1,352 |
| Q4 2024 | 1,464 | 1,294 |
| Q1 2025 | 1,502 | 1,513 |
| Q2 2025 | 1,613 | 1,474 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $2.7bn | $3.3bn | 1.19 |
| Q4 2024 | $2.6bn | $3.1bn | 1.16 |
| Q1 2025 | $2.4bn | $3.0bn | 1.23 |
| Q2 2025 | $3.1bn | $4.7bn | 1.52 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +4.9m |
| FMR LLC | Added | +2.0m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +1.5m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Added | +1.3m |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +1.1m |
| VANGUARD GROUP INC | Added | +931.1k |
| Assenagon Asset Management S.A. | Added | +908.1k |
| NORGES BANK | Added | +546.3k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +542.8k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +541.7k |
Biggest sellers
| MASTERCARD FOUNDATION ASSET MANAGEMENT CORP | Reduced | -4.3m |
| JPMORGAN CHASE & CO | Reduced | -2.2m |
| Amundi | Reduced | -1.8m |
| VOYA INVESTMENT MANAGEMENT LLC | Reduced | -1.5m |
| BANK OF MONTREAL /CAN/ | Reduced | -1.4m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.2m |
| Demars Financial Group, LLC | Reduced | -1.0m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -866.8k |
| BlackRock, Inc. | Reduced | -841.6k |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -676.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $610.2m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $338.2m601.9k shares |
| JANE STREET GROUP, LLC | Added | $255.6m454.8k shares |
| UBS Group AG | Reduced | $215.1m382.8k shares |
| PUBLIC INVESTMENT FUND | New | $188.4m335.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $179.2m318.9k shares |
| IMC-Chicago, LLC | Added | $173.8m309.3k shares |
| WOLVERINE TRADING, LLC | New | $148.1m269.2k shares |
| Parallax Volatility Advisers, L.P. | Added | $103.6m184.4k shares |
| Squarepoint Ops LLC | Added | $91.8m163.4k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $842.7m1.5m shares |
| CITADEL ADVISORS LLC | Added | $436.6m777.0k shares |
| Marex Group Ltd | New | $433.8m772.0k shares |
| IMC-Chicago, LLC | Added | $257.3m457.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $257.1m457.6k shares |
| UBS Group AG | Reduced | $244.1m434.3k shares |
| WOLVERINE TRADING, LLC | New | $231.7m421.1k shares |
| JANE STREET GROUP, LLC | Added | $219.4m390.5k shares |
| JPMORGAN CHASE & CO | Added | $194.2m345.5k shares |
| Balyasny Asset Management L.P. | Reduced | $172.6m307.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Mastercard Foundation Asset Management Corp 13G · passive investor -0.9 pts · filed 2026-04-16 | 7.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 6.8% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2025
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 5 | $33.2m | $30.8m |
| Q4 2023 | 1 | $391.0k | 1 | $1.7m | $1.7m |
| Q1 2024 | 0 | — | 5 | $62.3m | $62.3m |
| Q2 2024 | 0 | — | 5 | $31.8m | $31.8m |
| Q3 2024 | 0 | — | 4 | $20.5m | $20.5m |
| Q4 2024 | 0 | — | 1 | $2.4m | $2.4m |
| Q1 2025 | 0 | — | 3 | $58.9m | $58.9m |
| Q2 2025 | 0 | — | 5 | $22.2m | $22.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-30 | Kirkpatrick Linda Pistecchia President, Americas | Sold plan | $536.5k958 shares |
| 2025-06-27 | Seshadri Raj Chief Commercial Pmts Officer | Sold plan | $601.4k1.1k shares |
| 2025-06-24 | Kirkpatrick Linda Pistecchia President, Americas | Sold plan | $536.5k958 shares |
| 2025-06-24 | GENACHOWSKI JULIUS Director | Sold plan | $173.9k310 shares |
| 2025-06-20 | Vosburg Craig Chief Services Officer | Sold plan | $3.3m9.4k shares |
| 2025-06-20 | Seshadri Raj Chief Commercial Pmts Officer | Sold plan | $508.5k949 shares |
| 2025-06-16 | Seshadri Raj Chief Commercial Pmts Officer | Sold plan | $575.0k1.0k shares |
| 2025-06-13 | Seshadri Raj Chief Commercial Pmts Officer | Sold plan | $1.2m2.1k shares |
| 2025-06-13 | Kirkpatrick Linda Pistecchia President, Americas | Sold plan | $549.4k959 shares |
| 2025-06-12 | Vosburg Craig Chief Services Officer | Sold plan | $5.5m9.4k shares |
| 2025-06-05 | Vosburg Craig Chief Services Officer | Sold plan | $8.2m14.1k shares |
| 2025-05-15 | Arkell Sandra A Controller | Sold plan | $44.8k78 shares |
| 2025-05-14 | Arkell Sandra A Controller | Sold plan | $86.7k150 shares |
| 2025-05-13 | Arkell Sandra A Controller | Sold plan | $86.7k150 shares |
| 2025-05-12 | Arkell Sandra A Controller | Sold plan | $87.0k150 shares |
| 2025-05-09 | Arkell Sandra A Controller | Sold plan | $85.1k150 shares |
| 2025-05-08 | Arkell Sandra A Controller | Sold plan | $85.4k150 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.71% of their portfolio | 78.5m $44.1bn | Added +931.1k |
| MASTERCARD FOUNDATION ASSET MANAGEMENT CORP 94.34% of their portfolio | 75.2m $42.3bn | Reduced -4.3m |
| BlackRock, Inc. 0.74% of their portfolio | 68.7m $38.6bn | Reduced -841.6k |
| STATE STREET CORP 0.75% of their portfolio | 35.6m $20.0bn | Reduced -480.9k |
| JPMORGAN CHASE & CO 1.11% of their portfolio | 28.8m $16.2bn | Reduced -2.2m |
| FMR LLC 0.79% of their portfolio | 24.8m $14.0bn | Added +2.0m |
| PRICE T ROWE ASSOCIATES INC /MD/ 1.29% of their portfolio | 20.3m $11.4bn | Added +209.3k |
| GEODE CAPITAL MANAGEMENT, LLC 0.78% of their portfolio | 19.8m $11.1bn | Added +542.8k |
| Capital International Investors 1.69% of their portfolio | 17.4m $9.8bn | Added +77.9k |
| MORGAN STANLEY 0.59% of their portfolio | 16.2m $9.1bn | Added +82.2k |
| WELLINGTON MANAGEMENT GROUP LLP 1.25% of their portfolio | 12.3m $6.9bn | Reduced -1.2m |
| NORGES BANK 0.84% of their portfolio | 12.0m $6.7bn | Added +546.3k |
| ROYAL BANK OF CANADA 0.55% of their portfolio | 10.0m $5.6bn | Added +4.9m |
| Capital Research Global Investors 1.09% of their portfolio | 9.7m $5.5bn | Reduced -504.1k |
| NORTHERN TRUST CORP 0.68% of their portfolio | 8.8m $5.0bn | Reduced -252.1k |
| Bank of New York Mellon Corp 0.90% of their portfolio | 8.5m $4.8bn | Reduced -237.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.94% of their portfolio | 8.2m $4.6bn | Added +1.1m |
| Nuveen, LLC 1.20% of their portfolio | 7.8m $4.4bn | Added +20.3k |
| FRANKLIN RESOURCES INC 1.14% of their portfolio | 7.6m $4.3bn | Reduced -190.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 1.14% of their portfolio | 6.4m $3.6bn | Added +1.3m |
| JANUS HENDERSON GROUP PLC 1.72% of their portfolio | 6.2m $3.5bn | Reduced -557.2k |
| JENNISON ASSOCIATES LLC 2.02% of their portfolio | 6.1m $3.4bn | Reduced -17.4k |
| Legal & General Group Plc 0.78% of their portfolio | 5.6m $3.1bn | Reduced -6.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.53% of their portfolio | 5.5m $3.1bn | Added +101.2k |
| BANK OF AMERICA CORP /DE/ 0.25% of their portfolio | 5.4m $3.0bn | Reduced -66.1k |
| GOLDMAN SACHS GROUP INC 0.49% of their portfolio | 5.4m $3.0bn | Added +158.0k |
| Invesco Ltd. 0.51% of their portfolio | 5.3m $3.0bn | Added +92.3k |
| AMERICAN CENTURY COMPANIES INC 1.57% of their portfolio | 5.2m $2.9bn | Added +130.7k |
| Capital World Investors 0.41% of their portfolio | 5.1m $2.8bn | Added +188.9k |
| AMERIPRISE FINANCIAL INC 0.59% of their portfolio | 4.3m $2.4bn | Reduced -229.9k |
| Fisher Asset Management, LLC 0.95% of their portfolio | 4.2m $2.4bn | Added +8.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 1.98% of their portfolio | 4.1m $2.3bn | Reduced -676.4k |
| DIMENSIONAL FUND ADVISORS LP 0.52% of their portfolio | 4.0m $2.3bn | Reduced -156.3k |
| Berkshire Hathaway Inc 0.87% of their portfolio | 4.0m $2.2bn | Unchanged |
| UBS Group AG 0.45% of their portfolio | 3.8m $2.1bn | Added +191.1k |
| BARCLAYS PLC 0.84% of their portfolio | 3.8m $2.1bn | Reduced -244.4k |
| AKRE CAPITAL MANAGEMENT LLC 18.14% of their portfolio | 3.3m $1.9bn | Reduced -35.8k |
| BROWN ADVISORY INC 2.36% of their portfolio | 3.2m $1.8bn | Added +11.2k |
| Amundi 0.59% of their portfolio | 3.1m $1.7bn | Reduced -1.8m |
| POLEN CAPITAL MANAGEMENT LLC 5.16% of their portfolio | 3.0m $1.7bn | Reduced -219.2k |
| ALLIANCEBERNSTEIN L.P. 0.53% of their portfolio | 2.9m $1.6bn | Reduced -123.0k |
| DEUTSCHE BANK AG\ 0.58% of their portfolio | 2.8m $1.6bn | Reduced -245.8k |
| Temasek Holdings (Private) Ltd 6.01% of their portfolio | 2.8m $1.5bn | Added +3.3k |
| WELLS FARGO & COMPANY/MN 0.33% of their portfolio | 2.6m $1.5bn | Added +85.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.75% of their portfolio | 2.5m $1.4bn | Reduced -122.3k |
| Swiss National Bank 0.83% of their portfolio | 2.5m $1.4bn | Added +153.5k |
| NORDEA INVESTMENT MANAGEMENT AB 1.23% of their portfolio | 2.4m $1.3bn | Reduced -436.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.95% of their portfolio | 2.4m $1.3bn | Added +183.8k |
| Sumitomo Mitsui Trust Group, Inc. 0.76% of their portfolio | 2.2m $1.2bn | Added +219.0k |
| PARNASSUS INVESTMENTS, LLC 2.77% of their portfolio | 2.1m $1.2bn | Reduced -85.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.34% of their portfolio | 2.0m $1.1bn | Added +21.8k |
| Swedbank AB 1.28% of their portfolio | 2.0m $1.1bn | First filing |
| VICTORY CAPITAL MANAGEMENT INC 0.72% of their portfolio | 2.0m $1.1bn | Added +1.5m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.94% of their portfolio | 2.0m $1.1bn | Added +97.0k |
| Russell Investments Group, Ltd. 1.36% of their portfolio | 1.9m $1.1bn | Added +49.0k |
| California Public Employees Retirement System 0.66% of their portfolio | 1.9m $1.0bn | Reduced -42.9k |
| BANK OF MONTREAL /CAN/ 0.51% of their portfolio | 1.8m $1.0bn | Reduced -1.4m |
| Fiera Capital Corp 3.42% of their portfolio | 1.8m $1.0bn | Reduced -82.9k |
| GARDNER RUSSO & QUINN LLC 10.05% of their portfolio | 1.7m $945.8m | Reduced -33.3k |
| PineStone Asset Management Inc. 5.84% of their portfolio | 1.6m $903.2m | Added +120.3k |
| NEUBERGER BERMAN GROUP LLC 0.69% of their portfolio | 1.6m $895.1m | Added +69.7k |
| BAILLIE GIFFORD & CO 0.67% of their portfolio | 1.6m $894.1m | Reduced -40.6k |
| HSBC HOLDINGS PLC 0.57% of their portfolio | 1.6m $888.4m | Added +256.2k |
| Ensign Peak Advisors, Inc 1.50% of their portfolio | 1.6m $876.7m | Added +109.3k |
| RHUMBLINE ADVISERS 0.75% of their portfolio | 1.6m $875.1m | Reduced -28.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.70% of their portfolio | 1.6m $872.4m | Added +94.8k |
| RAYMOND JAMES FINANCIAL INC 0.30% of their portfolio | 1.5m $870.8m | Reduced -7.4k |
| National Pension Service 0.74% of their portfolio | 1.5m $854.0m | Reduced -57.1k |
| Valley Forge Capital Management, LP 18.43% of their portfolio | 1.5m $834.4m | Unchanged |
| Sanders Capital, LLC 1.08% of their portfolio | 1.4m $808.1m | Reduced -49.8k |
| Pictet Asset Management Holding SA 0.82% of their portfolio | 1.4m $807.1m | Added +74.5k |
| ING GROEP NV 5.13% of their portfolio | 1.4m $843.9m | Reduced -421.4k |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 6.99% of their portfolio | 1.4m $790.4m | Reduced -40.8k |
| Winslow Capital Management, LLC 2.56% of their portfolio | 1.4m $766.3m | Added +35.9k |
| Vontobel Holding Ltd. 2.51% of their portfolio | 1.4m $764.3m | Reduced -265.1k |
| Caisse de depot et placement du Quebec 1.61% of their portfolio | 1.3m $753.9m | Added +110.5k |
| Rothschild & Co Wealth Management UK Ltd 11.20% of their portfolio | 1.3m $753.3m | Added +23.8k |
| DekaBank Deutsche Girozentrale 1.31% of their portfolio | 1.3m $736.9m | Added +12.6k |
| ACADIAN ASSET MANAGEMENT LLC 1.50% of their portfolio | 1.3m $726.6m | Added +541.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.80% of their portfolio | 1.3m $721.2m | Added +1.1k |
| Bank Julius Baer & Co. Ltd, Zurich 2.10% of their portfolio | 1.3m $707.7m | Added +43.1k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 1.40% of their portfolio | 1.2m $699.0m | Added +31.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 1.82% of their portfolio | 1.2m $685.7m | Added +5.0k |
| Qube Research & Technologies Ltd 0.94% of their portfolio | 1.2m $675.5m | Added +237.2k |
| Ninety One UK Ltd 1.55% of their portfolio | 1.2m $661.7m | Added +92.7k |
| TWO SIGMA ADVISERS, LP 1.35% of their portfolio | 1.2m $661.0m | Added +42.2k |
| Fayez Sarofim & Co 1.57% of their portfolio | 1.2m $652.9m | Reduced -11.1k |
| MACQUARIE GROUP LTD 0.79% of their portfolio | 1.1m $640.7m | Added +135.6k |
| CI INVESTMENTS INC. 2.28% of their portfolio | 1.1m $608.5m | Reduced -12.6k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.81% of their portfolio | 1.1m $607.4m | Reduced -3.8k |
| Mirova US LLC 6.23% of their portfolio | 1.1m $601.7m | Added +37.4k |
| D. E. Shaw & Co., Inc. 0.60% of their portfolio | 1.1m $598.8m | Added +393.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.46% of their portfolio | 1.1m $595.4m | Reduced -73.5k |
| SEI INVESTMENTS CO 0.68% of their portfolio | 1.0m $589.9m | Added +108.1k |
| BROWN BROTHERS HARRIMAN & CO 3.76% of their portfolio | 1.0m $584.3m | Reduced -11.4k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 1.04% of their portfolio | 1.0m $583.7m | Added +64.6k |
| Soroban Capital Partners LP 5.69% of their portfolio | 1.0m $582.8m | Added +115.0k |
| PRUDENTIAL FINANCIAL INC 0.75% of their portfolio | 1.0m $580.3m | Added +85.8k |
| VOYA INVESTMENT MANAGEMENT LLC 0.58% of their portfolio | 1.0m $578.7m | Reduced -1.5m |
| CANADA LIFE ASSURANCE Co 0.91% of their portfolio | 1.0m $573.3m | Added +4.1k |