Mastercard Incorporated
BG ˙ BUL ˙ US57636Q1040
SecurityBG:M4I / Mastercard Incorporated
InstitutionFinancial Consulate, Inc
Latest Disclosed Ownership2,294 shares
Latest Disclosed Value $ 1,146,431
Financial Consulate, Inc reports 10.39% decrease in ownership of M4I / Mastercard Incorporated

On April 21, 2026 - Financial Consulate, Inc filed a 13F-HR form disclosing ownership of 2,294 shares of Mastercard Incorporated (BG:M4I) valued at $1,146,431 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 22, 2026 disclosing 2,560 shares of Mastercard Incorporated. This represents a change in shares of -10.39% 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.

Upgrade to unlock premium data and export to Excel .

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)
2026-04-21 2026-03-31 13F MASTERCARD CL A 57636Q104 2,294 -266 -10.39 1,146 -21.56 0.1428
2026-01-22 2025-12-31 13F MASTERCARD CL A 57636Q104 2,560 -251 -8.93 1,462 -8.63 0.1998
2025-10-21 2025-09-30 13F MASTERCARD CL A 57636Q104 2,811 2,811 1,599 0.2258
2023-07-21 2023-06-30 13F MASTERCARD CL A 57636Q104 0 -2,819 -100.00 0 -100.00
2023-04-17 2023-03-31 13F MASTERCARD CL A 57636Q104 2,819 45 1.62 1,024 6.22 0.3574
2023-01-11 2022-12-31 13F MASTERCARD CL A 57636Q104 2,774 -170 -5.77 965 15.17 0.3367
2022-10-20 2022-09-30 13F MASTERCARD CL A 57636Q104 2,944 57 1.97 837 -8.12 0.3530
2022-07-19 2022-06-30 13F MASTERCARD CL A 57636Q104 2,887 325 12.69 911 -0.55 0.4269
2022-04-28 2022-03-31 13F MASTERCARD CL A 57636Q104 2,562 20 0.79 916 0.33 0.3518
2022-02-07 2021-12-31 13F MASTERCARD CL A 57636Q104 2,542 166 6.99 913 10.53 0.3166
2021-10-19 2021-09-30 13F MASTERCARD CL A 57636Q104 2,376 49 2.11 826 -2.82 0.2993
2021-07-22 2021-06-30 13F MASTERCARD CL A 57636Q104 2,327 150 6.89 850 9.68 0.3064
2021-04-19 2021-03-31 13F MASTERCARD CL A 57636Q104 2,177 182 9.12 775 8.85 0.3143
2021-01-29 2020-12-31 13F MASTERCARD CL A 57636Q104 1,995 200 11.14 712 17.30 0.3072
2020-10-20 2020-09-30 13F MASTERCARD CL A 57636Q104 1,795 -6 -0.33 607 13.88 0.2883
2020-07-22 2020-06-30 13F MASTERCARD CL A 57636Q104 1,801 339 23.19 533 50.99 0.2708
2020-04-29 2020-03-31 13F MASTERCARD CL A 57636Q104 1,462 0 0.00 353 -19.22 0.2096
2020-01-22 2019-12-31 13F MASTERCARD CL A 57636Q104 1,462 0 0.00 437 10.08 0.1930
2019-10-16 2019-09-30 13F MASTERCARD CL A 57636Q104 1,462 0 0.00 397 2.58 0.1729
2019-07-24 2019-06-30 13F MASTERCARD CL A 57636Q104 1,462 -96 -6.16 387 5.45 0.1741
2019-05-01 2019-03-31 13F MASTERCARD CL A 57636Q104 1,558 68 4.56 367 30.60 0.1678
2019-01-25 2018-12-31 13F MASTERCARD CL A 57636Q104 1,490 0 0.00 281 -15.36 0.1686
2018-10-29 2018-09-30 13F MASTERCARD CL A 57636Q104 1,490 0 0.00 332 13.31 0.1888
2018-07-27 2018-06-30 13F MASTERCARD CL A 57636Q104 1,490 0 0.00 293 12.26 0.1484
2018-04-16 2018-03-31 13F MASTERCARD CL A 57636Q104 1,490 0 0.00 261 15.49 0.1382
2018-01-29 2017-12-31 13F MASTERCARD CL A 57636Q104 1,490 0 0.00 226 7.62 0.1155
2017-10-19 2017-09-30 13F MASTERCARD CL A 57636Q104 1,490 1,490 210 0.1143
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.