Mastercard Incorporated
GB ˙ BATS-CHIXE ˙ US57636Q1040
SecurityGB:M4ID / Mastercard Incorporated
InstitutionWelch Group, LLC
Latest Disclosed Ownership18,305 shares
Latest Disclosed Value $ 9,146,378
Welch Group, LLC reports 8.10% increase in ownership of M4ID / Mastercard Incorporated

On April 21, 2026 - Welch Group, LLC filed a 13F-HR form disclosing ownership of 18,305 shares of Mastercard Incorporated (GB:M4ID) valued at $9,146,378 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 16,934 shares of Mastercard Incorporated. This represents a change in shares of 8.10% 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)
2026-04-21 2026-03-31 13F MASTERCARD COMMON 57636Q104 18,305 1,371 8.10 9,146 -5.39 0.3436
2026-01-26 2025-12-31 13F MASTERCARD COMMON STOCK 57636Q104 16,934 917 5.73 9,667 6.11 0.3727
2025-10-14 2025-09-30 13F MASTERCARD COMMON 57636Q104 16,017 510 3.29 9,111 4.54 0.3557
2025-07-25 2025-06-30 13F MASTERCARD COMMON 57636Q104 15,507 505 3.37 8,714 7.45 0.3641
2025-04-08 2025-03-31 13F MASTERCARD COMMON 57636Q104 15,002 476 3.28 8,110 6.24 0.3567
2025-01-27 2024-12-31 13F MASTERCARD COMMON 57636Q104 14,526 638 4.59 7,634 11.33 0.3438
2024-10-24 2024-09-30 13F MASTERCARD COMMON 57636Q104 13,888 565 4.24 6,858 16.68 0.2981
2024-07-17 2024-06-30 13F MASTERCARD COMMON 57636Q104 13,323 340 2.62 5,878 -6.00 0.2824
2024-04-09 2024-03-31 13F MASTERCARD COMMON 57636Q104 12,983 383 3.04 6,252 16.34 0.3101
2024-01-23 2023-12-31 13F MASTERCARD Common 57636Q104 12,600 150 1.20 5,374 9.03 0.2894
2023-10-18 2023-09-30 13F MASTERCARD Common 57636Q104 12,450 200 1.63 4,929 2.33 0.2920
2023-07-18 2023-06-30 13F MASTERCARD Common 57636Q104 12,250 538 4.59 4,818 13.18 0.2762
2023-04-13 2023-03-31 13F MASTERCARD Common 57636Q104 11,712 535 4.79 4,256 9.52 0.2474
2023-01-30 2022-12-31 13F MASTERCARD Common 57636Q104 11,177 631 5.98 3,886 29.58 0.2223
2022-10-13 2022-09-30 13F MASTERCARD COMMON 57636Q104 10,546 424 4.19 2,999 -6.08 0.1952
2022-07-21 2022-06-30 13F MASTERCARD COMMON 57636Q104 10,122 530 5.53 3,193 -6.86 0.1949
2022-04-29 2022-03-31 13F MASTERCARD COMMON 57636Q104 9,592 1,223 14.61 3,428 14.00 0.1957
2022-01-26 2021-12-31 13F MASTERCARD COMMON 57636Q104 8,369 1,049 14.33 3,007 18.15 0.1759
2021-11-05 2021-09-30 13F MASTERCARD COMMON 57636Q104 7,320 1,232 20.24 2,545 14.48 0.1723
2021-07-21 2021-06-30 13F MASTERCARD COMMON 57636Q104 6,088 982 19.23 2,223 22.28 0.1516
2021-04-23 2021-03-31 13F MASTERCARD COMMON 57636Q104 5,106 880 20.82 1,818 20.56 0.1309
2021-01-25 2020-12-31 13F MASTERCARD Common 57636Q104 4,226 509 13.69 1,508 19.97 0.1209
2020-10-28 2020-09-30 13F MASTERCARD Common 57636Q104 3,717 171 4.82 1,257 19.94 0.1098
2020-07-22 2020-06-30 13F MASTERCARD Common 57636Q104 3,546 1,366 62.66 1,048 98.86 0.0979
2020-04-28 2020-03-31 13F MASTERCARD Common 57636Q104 2,180 482 28.39 527 3.94 0.0562
2020-01-24 2019-12-31 13F Mastercard Common 57636Q104 1,698 -90 -5.03 507 4.32 0.0499
2019-11-05 2019-09-30 13F Mastercard Common 57636Q104 1,788 -11 -0.61 486 2.10 0.0499
2019-07-11 2019-06-30 13F Mastercard Common 57636Q104 1,799 13 0.73 476 13.06 0.0508
2019-04-15 2019-03-31 13F Mastercard Common 57636Q104 1,786 98 5.81 421 32.39 0.0463
2019-01-10 2018-12-31 13F Mastercard Common 57636Q104 1,688 219 14.91 318 -2.75 0.0390
2018-11-01 2018-09-30 13F Mastercard Common 57636Q104 1,469 167 12.83 327 27.73 0.0341
2018-07-30 2018-06-30 13F Mastercard Common 57636Q104 1,302 -85 -6.13 256 5.35 0.0319
2018-04-23 2018-03-31 13F Mastercard Common 57636Q104 1,387 -162 -10.46 243 3.85 0.0308
2018-02-01 2017-12-31 13F Mastercard Common 57636Q104 1,549 0 0.00 234 6.85 0.0363
2017-11-07 2017-09-30 13F Mastercard Common 57636Q104 1,549 -241 -13.46 219 0.92 0.0366
2017-08-07 2017-06-30 13F Mastercard Common 57636Q104 1,790 165 10.15 217 18.58 0.0362
2017-05-01 2017-03-31 13F Mastercard Common 57636Q104 1,625 20 1.25 183 10.24 0.0344
2017-02-09 2016-12-31 13F Mastercard Common 57636Q104 1,605 -35 -2.13 166 -0.60 0.0324
2016-10-28 2016-09-30 13F Mastercard Common 57636Q104 1,640 -61 -3.59 167 11.33 0.0332
2016-07-27 2016-06-30 13F Mastercard Common 57636Q104 1,701 -674 -28.38 150 -33.04 0.0305
2016-05-05 2016-03-31 13F Mastercard Common 57636Q104 2,375 0 0.00 224 -3.03 0.0374
2016-01-21 2015-12-31 13F Mastercard Common 57636Q104 2,375 0 0.00 231 7.94 0.0415
2015-10-23 2015-09-30 13F Mastercard COM 57636Q104 2,375 -477 -16.73 214 -19.85 0.0414
2015-07-31 2015-06-30 13F Mastercard Common 57636Q104 2,852 0 0.00 267 8.54 0.0505
2015-04-29 2015-03-31 13F Mastercard Common 57636Q104 2,852 0 0.00 246 0.00 0.0452
2015-01-20 2014-12-31 13F Mastercard Common 57636Q104 2,852 55 1.97 246 18.84 0.0474
2014-10-29 2014-09-30 13F Mastercard Common 57636Q104 2,797 -34 -1.20 207 -0.48 0.0428
2014-07-22 2014-06-30 13F Mastercard Common 57636Q104 2,831 81 2.95 208 1.46 0.0431
2014-04-23 2014-03-31 13F Mastercard COM 57636Q104 2,750 2,472 889.21 205 -11.64 0.0464
2014-02-07 2013-12-31 13F Mastercard Common 57636Q104 278 -36 -11.46 232 9.95 0.0526
2013-10-04 2013-09-30 13F Mastercard Common 57636Q104 314 -19 -5.71 211 10.47 0.0519
2013-07-29 2013-06-30 13F Mastercard Common 57636Q104 333 333 191 0.0496
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.