Mastercard Incorporated
BG ˙ BUL ˙ US57636Q1040
SecurityBG:M4I / Mastercard Incorporated
InstitutionBailard, Inc.
Latest Disclosed Ownership4,560 shares
Latest Disclosed Value $ 2,278,849
Bailard, Inc. reports 2.27% decrease in ownership of M4I / Mastercard Incorporated

On May 11, 2026 - Bailard, Inc. filed a 13F-HR form disclosing ownership of 4,560 shares of Mastercard Incorporated (BG:M4I) valued at $2,278,849 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 4,666 shares of Mastercard Incorporated. This represents a change in shares of -2.27% 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)
2026-05-11 2026-03-31 13F MASTERCARD CL A 57636Q104 4,560 -106 -2.27 2,279 -14.49 0.0524
2026-02-04 2025-12-31 13F MASTERCARD CL A 57636Q104 4,666 -535 -10.29 2,664 -9.94 0.0590
2025-10-30 2025-09-30 13F MASTERCARD CL A 57636Q104 5,201 961 22.67 2,958 24.18 0.0643
2025-08-08 2025-06-30 13F MASTERCARD CL A 57636Q104 4,240 -186 -4.20 2,383 -1.77 0.0555
2025-05-02 2025-03-31 13F MASTERCARD CL A 57636Q104 4,426 352 8.64 2,426 13.05 0.0626
2025-02-05 2024-12-31 13F MASTERCARD CL A 57636Q104 4,074 154 3.93 2,145 10.85 0.0548
2024-10-30 2024-09-30 13F MASTERCARD CL A 57636Q104 3,920 228 6.18 1,936 18.86 0.0504
2024-07-25 2024-06-30 13F MASTERCARD CL A 57636Q104 3,692 -59 -1.57 1,629 -9.86 0.0449
2024-05-08 2024-03-31 13F MASTERCARD CL A 57636Q104 3,751 -150 -3.85 1,806 8.60 0.0499
2024-02-02 2023-12-31 13F MASTERCARD CL A 57636Q104 3,901 327 9.15 1,664 17.61 0.0493
2023-10-24 2023-09-30 13F MASTERCARD CL A 57636Q104 3,574 507 16.53 1,415 17.25 0.0469
2023-07-20 2023-06-30 13F MASTERCARD CL A 57636Q104 3,067 411 15.47 1,206 24.97 0.0422
2023-05-08 2023-03-31 13F MASTERCARD CL A 57636Q104 2,656 -300 -10.15 965 -6.04 0.0346
2023-02-02 2022-12-31 13F MASTERCARD CL A 57636Q104 2,956 -212 -6.69 1,028 13.98 0.0392
2022-10-18 2022-09-30 13F MASTERCARD CL A 57636Q104 3,168 291 10.11 901 -0.77 0.0373
2022-07-27 2022-06-30 13F MASTERCARD CL A 57636Q104 2,877 -154 -5.08 908 -16.16 0.0357
2022-04-25 2022-03-31 13F MASTERCARD CL A 57636Q104 3,031 234 8.37 1,083 7.76 0.0364
2022-02-10 2021-12-31 13F MASTERCARD CL A 57636Q104 2,797 -4 -0.14 1,005 3.18 0.0320
2021-11-15 2021-09-30 13F MASTERCARD CL A 57636Q104 2,801 58 2.11 974 -2.70 0.0333
2021-08-13 2021-06-30 13F MASTERCARD CL A 57636Q104 2,743 -47 -1.68 1,001 0.81 0.0346
2021-05-13 2021-03-31 13F MASTERCARD CL A 57636Q104 2,790 25 0.90 993 0.61 0.0368
2021-02-03 2020-12-31 13F MASTERCARD CL A 57636Q104 2,765 160 6.14 987 12.03 0.0450
2020-11-10 2020-09-30 13F MASTERCARD CL A 57636Q104 2,605 -5 -0.19 881 14.12 0.0456
2020-08-12 2020-06-30 13F MASTERCARD CL A 57636Q104 2,610 755 40.70 772 72.32 0.0431
2020-04-16 2020-03-31 13F MASTERCARD CL A 57636Q104 1,855 -290 -13.52 448 -30.00 0.0319
2020-01-31 2019-12-31 13F MASTERCARD CL A 57636Q104 2,145 159 8.01 640 18.74 0.0361
2019-10-18 2019-09-30 13F MASTERCARD CL A 57636Q104 1,986 0 0.00 539 2.67 0.0326
2019-07-26 2019-06-30 13F MASTERCARD CL A 57636Q104 1,986 0 0.00 525 12.18 0.0321
2019-04-24 2019-03-31 13F MASTERCARD CL A 57636Q104 1,986 0 0.00 468 24.80 0.0290
2019-02-05 2018-12-31 13F MASTERCARD CL A 57636Q104 1,986 -209 -9.52 375 -23.31 0.0253
2018-11-13 2018-09-30 13F MASTERCARD CL A 57636Q104 2,195 682 45.08 489 64.65 0.0286
2018-08-08 2018-06-30 13F MASTERCARD CL A 57636Q104 1,513 -69 -4.36 297 7.22 0.0177
2018-05-07 2018-03-31 13F MASTERCARD CL A 57636Q104 1,582 0 0.00 277 15.90 0.0177
2018-02-08 2017-12-31 13F MASTERCARD CL A 57636Q104 1,582 -135 -7.86 239 -1.24 0.0150
2018-01-29 2017-09-30 13F/A-1 MASTERCARD CL A 57636Q104 1,717 -500 -22.55 242 -10.04 0.0187
2017-10-11 2017-09-30 13F MASTERCARD CL A 57636Q104 1,717 -500 242 0.0185
2018-01-29 2017-06-30 13F/A-1 MASTERCARD CL A 57636Q104 2,217 0 0.00 269 8.03 0.0220
2017-08-11 2017-06-30 13F MASTERCARD CL A 57636Q104 2,217 0 269 0.0213
2018-01-29 2017-03-31 13F/A-1 MASTERCARD CL A 57636Q104 2,217 2,217 249 0.0207
2017-05-12 2017-03-31 13F MASTERCARD CL A 57636Q104 2,217 2,217 249 0.0208
2018-01-29 2016-03-31 13F/A-1 MASTERCARD CL A 57636Q104 0 -5,400 -100.00 0 -100.00
2018-01-29 2015-12-31 13F/A-1 MASTERCARD CL A 57636Q104 5,400 5,400 526 0.2328
2016-02-10 2015-12-31 13F MASTERCARD CL A 57636Q104 5,400 5,400 526 0.2264
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.