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 ($2.7bn this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $499.41. Options: 54 managers hold calls ($2.8bn notional), 61 hold puts ($3.3bn).
Trends to Q1 2026
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 |
| Q3 2025 | 3,510 |
| Q4 2025 | 3,734 |
| Q1 2026 | 3,626 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q3 2025 | 1,598 | 1,455 |
| Q4 2025 | 1,524 | 1,566 |
| Q1 2026 | 1,519 | 1,816 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $3.1bn | $4.7bn | 1.52 |
| Q3 2025 | $3.4bn | $4.5bn | 1.32 |
| Q4 2025 | $2.9bn | $3.9bn | 1.36 |
| Q1 2026 | $2.8bn | $3.3bn | 1.17 |
Biggest buyers
| Capital Research Global Investors | Added | +3.1m |
| GOLDMAN SACHS GROUP INC | Added | +1.8m |
| JPMORGAN CHASE & CO | Added | +1.4m |
| TWO SIGMA INVESTMENTS, LP | Added | +1.2m |
| WELLS FARGO & COMPANY/MN | Added | +1.2m |
| Grantham, Mayo, Van Otterloo & Co. LLC | Added | +948.4k |
| CITADEL ADVISORS LLC | Added | +943.0k |
| Nuveen, LLC | Added | +829.8k |
| D. E. Shaw & Co., Inc. | Added | +814.8k |
| Sanders Capital, LLC | Added | +811.8k |
Biggest sellers
| J. Stern & Co. LLP | Reduced | -72.5m |
| Capital International Investors | Reduced | -7.3m |
| MASTERCARD FOUNDATION ASSET MANAGEMENT CORP | Reduced | -4.9m |
| Berkshire Hathaway Inc | Sold out | -4.0m |
| T. Rowe Price Investment Management, Inc. | Reduced | -2.2m |
| HSBC HOLDINGS PLC | Reduced | -1.6m |
| BlackRock, Inc. | Reduced | -1.3m |
| TWO SIGMA ADVISERS, LP | Sold out | -1.2m |
| FMR LLC | Reduced | -913.7k |
| MORGAN STANLEY | Reduced | -884.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $726.1m1.5m shares |
| CITADEL ADVISORS LLC | Added | $557.3m1.1m shares |
| IMC-Chicago, LLC | Added | $243.8m488.0k shares |
| JANE STREET GROUP, LLC | Added | $228.4m457.1k shares |
| Optiver Holding B.V. | Added | $199.4m399.0k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $175.2m350.7k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $146.0m292.2k shares |
| UBS Group AG | Reduced | $76.4m152.9k shares |
| Walleye Trading LLC | Added | $40.4m80.9k shares |
| GROUP ONE TRADING LLC | Added | $35.0m70.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $696.8m1.4m shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $348.7m697.9k shares |
| CITADEL ADVISORS LLC | Added | $309.0m618.5k shares |
| Marex Group Ltd | Added | $274.8m550.0k shares |
| GOLDMAN SACHS GROUP INC | Added | $257.0m514.4k shares |
| Optiver Holding B.V. | Added | $244.4m489.2k shares |
| IMC-Chicago, LLC | Added | $220.6m441.5k shares |
| JANE STREET GROUP, LLC | Reduced | $216.9m434.1k shares |
| UBS Group AG | Reduced | $99.1m198.4k shares |
| Allianz Asset Management GmbH | Added | $51.8m103.6k 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 Q1 2026
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 |
|---|---|---|---|---|---|
| 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 |
| Q3 2025 | 0 | — | 3 | $27.4m | $27.4m |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 1 | $4.5m | $4.5m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-02-24 | Ling Hai President, AP, Europe, MEA | Sold plan | $2.2m4.5k shares |
| 2026-02-23 | Ling Hai President, AP, Europe, MEA | Sold plan | $2.3m4.5k 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.59% of their portfolio | 67.0m $33.5bn | Reduced -1.3m |
| MASTERCARD FOUNDATION ASSET MANAGEMENT CORP 96.84% of their portfolio | 65.2m $32.6bn | Reduced -4.9m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.65% of their portfolio | 52.3m $26.2bn | First filing |
| STATE STREET CORP 0.63% of their portfolio | 36.5m $18.2bn | Reduced -133.5k |
| JPMORGAN CHASE & CO 1.09% of their portfolio | 32.7m $16.1bn | Added +1.4m |
| FMR LLC 0.64% of their portfolio | 24.3m $12.1bn | Reduced -913.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.65% of their portfolio | 21.1m $10.5bn | Added +384.8k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.51% of their portfolio | 19.4m $9.7bn | First filing |
| PRICE T ROWE ASSOCIATES INC /MD/ 1.07% of their portfolio | 18.6m $9.3bn | Reduced -466.8k |
| MORGAN STANLEY 0.46% of their portfolio | 15.2m $7.6bn | Reduced -884.0k |
| Capital Research Global Investors 1.08% of their portfolio | 13.9m $6.9bn | Added +3.1m |
| WELLINGTON MANAGEMENT GROUP LLP 1.21% of their portfolio | 13.0m $6.5bn | Reduced -495.2k |
| Capital International Investors 1.25% of their portfolio | 10.7m $5.3bn | Reduced -7.3m |
| NORTHERN TRUST CORP 0.57% of their portfolio | 8.7m $4.3bn | Reduced -55.8k |
| Nuveen, LLC 1.11% of their portfolio | 8.2m $4.1bn | Added +829.8k |
| GOLDMAN SACHS GROUP INC 0.50% of their portfolio | 7.7m $3.8bn | Added +1.8m |
| Bank of New York Mellon Corp 0.68% of their portfolio | 7.4m $3.7bn | Reduced -360.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.74% of their portfolio | 7.1m $3.5bn | Added +480.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.46% of their portfolio | 6.0m $3.0bn | Added +124.3k |
| Legal & General Group Plc 0.68% of their portfolio | 5.9m $2.9bn | Added +138.5k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.95% of their portfolio | 5.5m $2.8bn | Reduced -349.4k |
| FRANKLIN RESOURCES INC 0.67% of their portfolio | 5.5m $2.7bn | Reduced -831.3k |
| AMERICAN CENTURY COMPANIES INC 1.38% of their portfolio | 5.4m $2.7bn | Reduced -139.6k |
| Invesco Ltd. 0.26% of their portfolio | 5.3m $2.6bn | Reduced -136.5k |
| JENNISON ASSOCIATES LLC 1.76% of their portfolio | 5.1m $2.6bn | Added +480.7k |
| BANK OF AMERICA CORP /DE/ 0.19% of their portfolio | 5.1m $2.5bn | Reduced -253.0k |
| ROYAL BANK OF CANADA 0.47% of their portfolio | 4.9m $2.5bn | Reduced -155.5k |
| VANGUARD FIDUCIARY TRUST CO 0.59% of their portfolio | 4.7m $2.3bn | First filing |
| JANUS HENDERSON GROUP PLC 1.09% of their portfolio | 4.6m $2.3bn | Reduced -692.3k |
| AMERIPRISE FINANCIAL INC 0.52% of their portfolio | 4.5m $2.3bn | Added +362.5k |
| Fisher Asset Management, LLC 0.75% of their portfolio | 4.4m $2.2bn | Added +52.0k |
| DIMENSIONAL FUND ADVISORS LP 0.44% of their portfolio | 4.2m $2.1bn | Added +42.9k |
| WELLS FARGO & COMPANY/MN 0.40% of their portfolio | 4.0m $2.0bn | Added +1.2m |
| Capital World Investors 0.27% of their portfolio | 3.9m $2.0bn | Added +598.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 1.26% of their portfolio | 3.9m $1.9bn | Added +202.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.99% of their portfolio | 3.7m $1.8bn | Added +554.4k |
| UBS Group AG 0.32% of their portfolio | 3.6m $1.8bn | Reduced -284.6k |
| BROWN ADVISORY INC 2.87% of their portfolio | 3.5m $1.7bn | Added +329.0k |
| Amundi 0.47% of their portfolio | 3.4m $1.7bn | Added +246.1k |
| Temasek Holdings (Private) Ltd 5.41% of their portfolio | 3.2m $1.6bn | Added +449.5k |
| DEUTSCHE BANK AG\ 0.52% of their portfolio | 3.1m $1.6bn | Reduced -209.8k |
| BARCLAYS PLC 0.46% of their portfolio | 2.6m $1.3bn | Reduced -221.3k |
| Swiss National Bank 0.71% of their portfolio | 2.5m $1.2bn | Added +149.0k |
| Soroban Capital Partners LP 8.81% of their portfolio | 2.5m $1.2bn | Added +575.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.65% of their portfolio | 2.4m $1.2bn | Added +59.0k |
| Sanders Capital, LLC 1.41% of their portfolio | 2.4m $1.2bn | Added +811.8k |
| ALLIANCEBERNSTEIN L.P. 0.42% of their portfolio | 2.3m $1.3bn | Reduced -4.0k |
| AKRE CAPITAL MANAGEMENT LLC 18.64% of their portfolio | 2.3m $1.1bn | Reduced -724.2k |
| NORDEA INVESTMENT MANAGEMENT AB 1.04% of their portfolio | 2.3m $1.1bn | Reduced -108.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.68% of their portfolio | 2.1m $1.0bn | Reduced -59.6k |
| T. Rowe Price Investment Management, Inc. 0.72% of their portfolio | 2.1m $1.0bn | Reduced -2.2m |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.83% of their portfolio | 2.0m $1.0bn | Reduced -28.9k |
| Russell Investments Group, Ltd. 1.04% of their portfolio | 1.9m $968.8m | Added +110.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.26% of their portfolio | 1.9m $966.0m | Added +145.3k |
| BANK OF MONTREAL /CAN/ 0.39% of their portfolio | 1.9m $954.4m | Reduced -166.5k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.63% of their portfolio | 1.9m $939.2m | Added +118.4k |
| Fiera Capital Corp 3.20% of their portfolio | 1.9m $934.0m | Added +178.8k |
| PineStone Asset Management Inc. 6.36% of their portfolio | 1.8m $904.6m | Added +113.2k |
| Vanguard Global Advisers, LLC 0.48% of their portfolio | 1.8m $890.0m | First filing |
| Swedbank AB 0.92% of their portfolio | 1.8m $879.2m | Reduced -491.4k |
| California Public Employees Retirement System 0.53% of their portfolio | 1.7m $865.1m | Reduced -104.0k |
| National Pension Service 0.65% of their portfolio | 1.7m $860.1m | Added +39.3k |
| PARNASSUS INVESTMENTS, LLC 2.48% of their portfolio | 1.7m $846.9m | Reduced -114.3k |
| TWO SIGMA INVESTMENTS, LP 0.69% of their portfolio | 1.7m $837.0m | Added +1.2m |
| Ensign Peak Advisors, Inc 1.54% of their portfolio | 1.7m $825.4m | Added +130.5k |
| HSBC HOLDINGS PLC 0.47% of their portfolio | 1.6m $785.6m | Reduced -1.6m |
| GARDNER RUSSO & QUINN LLC 9.15% of their portfolio | 1.6m $777.0m | Reduced -30.9k |
| Pictet Asset Management Holding SA 0.81% of their portfolio | 1.5m $770.7m | Reduced -65.9k |
| POLEN CAPITAL MANAGEMENT LLC 5.33% of their portfolio | 1.5m $770.2m | Reduced -590.3k |
| RHUMBLINE ADVISERS 0.65% of their portfolio | 1.5m $762.2m | Reduced -22.9k |
| FIL Ltd 0.58% of their portfolio | 1.5m $750.2m | Reduced -92.8k |
| Valley Forge Capital Management, LP 22.02% of their portfolio | 1.5m $743.2m | Added +87 |
| RAYMOND JAMES FINANCIAL INC 0.23% of their portfolio | 1.5m $740.9m | Reduced -53.1k |
| NEUBERGER BERMAN GROUP LLC 0.56% of their portfolio | 1.5m $733.2m | Reduced -97.3k |
| Caisse de depot et placement du Quebec 1.16% of their portfolio | 1.4m $723.5m | Added +75.4k |
| APG Asset Management N.V. 1.95% of their portfolio | 1.4m $614.1m | Added +98.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.60% of their portfolio | 1.4m $702.4m | First filing |
| LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA 6.89% of their portfolio | 1.4m $687.7m | Reduced -3.9k |
| Allianz Asset Management GmbH 0.79% of their portfolio | 1.4m $688.3m | Reduced -153.2k |
| BAILLIE GIFFORD & CO 0.70% of their portfolio | 1.4m $682.6m | Reduced -98.1k |
| Rothschild & Co Wealth Management UK Ltd 10.34% of their portfolio | 1.4m $675.8m | Reduced -29.9k |
| DekaBank Deutsche Girozentrale 1.11% of their portfolio | 1.3m $671.9m | Unchanged |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.60% of their portfolio | 1.3m $658.7m | Added +674.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.68% of their portfolio | 1.3m $642.9m | Reduced -36.4k |
| CIBC Bancorp USA Inc. 0.85% of their portfolio | 1.3m $629.3m | First filing |
| SEI INVESTMENTS CO 0.57% of their portfolio | 1.2m $621.4m | Added +59.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.40% of their portfolio | 1.2m $617.9m | Reduced -262.2k |
| Bank Julius Baer & Co. Ltd, Zurich 1.84% of their portfolio | 1.2m $609.9m | Reduced -47.4k |
| Fayez Sarofim & Co 1.54% of their portfolio | 1.2m $601.9m | Added +21.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.39% of their portfolio | 1.2m $597.2m | Added +150.0k |
| D. E. Shaw & Co., Inc. 0.45% of their portfolio | 1.1m $567.7m | Added +814.8k |
| CITADEL ADVISORS LLC 0.40% of their portfolio | 1.1m $562.5m | Added +943.0k |
| Robeco Institutional Asset Management B.V. 0.78% of their portfolio | 1.1m $548.3m | Added +72.2k |
| DNB Asset Management AS 1.95% of their portfolio | 1.1m $547.6m | Reduced -165.0k |
| Ninety One UK Ltd 1.24% of their portfolio | 1.1m $533.5m | Reduced -169.0k |
| LPL Financial LLC 0.14% of their portfolio | 1.1m $531.3m | Added +37.3k |
| Veritas Asset Management LLP 9.00% of their portfolio | 1.1m $531.3m | Added +275.5k |
| WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 1.75% of their portfolio | 1.1m $530.0m | Reduced -24.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.60% of their portfolio | 1.0m $515.0m | Reduced -52.3k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.88% of their portfolio | 1.0m $509.2m | Reduced -64.9k |