Mastercard Incorporated
MX ˙ BMV ˙ US57636Q1040
SecurityMX:MA / Mastercard Incorporated
InstitutionOrser Capital Management, Llc
Latest Disclosed Ownership8,248 shares
Latest Disclosed Value $ 4,121,196
Orser Capital Management, Llc reports 1.21% increase in ownership of MA / Mastercard Incorporated

On April 16, 2026 - Orser Capital Management, Llc filed a 13F-HR form disclosing ownership of 8,248 shares of Mastercard Incorporated (MX:MA) valued at $4,121,196 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 12, 2026 disclosing 8,149 shares of Mastercard Incorporated. This represents a change in shares of 1.21% 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)
2026-04-16 2026-03-31 13F MASTERCARD CL A 57636Q104 8,248 99 1.21 4,121 -11.41 2.6945
2026-01-12 2025-12-31 13F MASTERCARD CL A 57636Q104 8,149 -155 -1.87 4,652 -1.50 2.6290
2025-10-07 2025-09-30 13F MASTERCARD CL A 57636Q104 8,304 -5 -0.06 4,723 1.16 2.4841
2025-07-09 2025-06-30 13F MASTERCARD CL A 57636Q104 8,309 -80 -0.95 4,669 1.54 3.3264
2025-04-10 2025-03-31 13F MASTERCARD CL A 57636Q104 8,389 0 0.00 4,598 4.10 3.3759
2025-01-14 2024-12-31 13F MASTERCARD CL A 57636Q104 8,389 -30 -0.36 4,417 6.25 3.0408
2024-10-04 2024-09-30 13F MASTERCARD CL A 57636Q104 8,419 30 0.36 4,157 12.35 2.9719
2024-07-12 2024-06-30 13F MASTERCARD CL A 57636Q104 8,389 2 0.02 3,701 -8.37 2.7834
2024-04-11 2024-03-31 13F MASTERCARD CL A 57636Q104 8,387 -335 -3.84 4,039 8.55 3.7883
2024-01-09 2023-12-31 13F MASTERCARD CL A 57636Q104 8,722 -12 -0.14 3,720 7.61 4.0563
2023-10-10 2023-09-30 13F MASTERCARD CL A 57636Q104 8,734 -15 -0.17 3,458 0.49 3.4212
2023-07-11 2023-06-30 13F MASTERCARD CL A 57636Q104 8,749 -15 -0.17 3,441 8.04 3.4348
2023-04-11 2023-03-31 13F MASTERCARD CL A 57636Q104 8,764 625 7.68 3,185 12.51 3.5907
2023-01-13 2022-12-31 13F MASTERCARD CL A 57636Q104 8,139 -390 -4.57 2,830 16.70 4.0819
2022-10-11 2022-09-30 13F MASTERCARD CL A 57636Q104 8,529 -616 -6.74 2,425 -15.94 4.3101
2022-07-11 2022-06-30 13F MASTERCARD CL A 57636Q104 9,145 -1,105 -10.78 2,885 -21.24 3.7464
2022-04-11 2022-03-31 13F MASTERCARD CL A 57636Q104 10,250 -853 -7.68 3,663 -8.20 2.2377
2022-01-19 2021-12-31 13F MASTERCARD CL A 57636Q104 11,103 -45 -0.40 3,990 2.94 2.0141
2021-11-01 2021-09-30 13F MASTERCARD CL A 57636Q104 11,148 320 2.96 3,876 -1.95 2.1375
2021-07-26 2021-06-30 13F MASTERCARD CL A 57636Q104 10,828 -80 -0.73 3,953 1.78 2.0336
2021-05-10 2021-03-31 13F MASTERCARD CL A 57636Q104 10,908 -765 -6.55 3,884 -6.79 2.5248
2021-02-02 2020-12-31 13F MASTERCARD CL A 57636Q104 11,673 1,840 18.71 4,167 25.32 2.6403
2020-11-12 2020-09-30 13F MASTERCARD CL A 57636Q104 9,833 -71 -0.72 3,325 13.52 2.6275
2020-07-29 2020-06-30 13F MASTERCARD CL A 57636Q104 9,904 -280 -2.75 2,929 19.07 2.6525
2020-05-08 2020-03-31 13F MASTERCARD CL A 57636Q104 10,184 -2,690 -20.89 2,460 -35.82 3.4654
2020-03-05 2019-12-31 13F/A-1 MASTERCARD CL A 57636Q104 12,874 -110 -0.85 3,833 9.08 3.7161
2020-01-17 2019-12-31 13F MASTERCARD CL A 57636Q104 12,874 -110 3,833 3,716,127.7813
2019-11-12 2019-09-30 13F/A-1 MASTERCARD CL A 57636Q104 12,984 34 0.26 3,514 2.21 4.1183
2019-10-31 2019-09-30 13F MASTERCARD Equity 57636Q104 12,984 34 3,514 3,411,775.2824
2019-09-20 2019-06-30 13F MASTERCARD CL A 57636Q104 12,950 -195 -1.48 3,438 11.08 3.5481
2019-11-14 2019-03-31 13F MASTERCARD CL A 57636Q104 13,145 -145 -1.09 3,095 14.38 3.4060
2019-11-14 2018-12-31 13F MASTERCARD CL A 57636Q104 13,290 0 0.00 2,706 0.00 3.1191
2019-11-20 2018-09-30 13F MASTERCARD CL A 57636Q104 13,290 -470 -3.42 2,706 -5.81 2.5931
2019-11-14 2018-06-30 13F MASTERCARD CL A 57636Q104 13,760 -125 -0.90 2,873 9.41 2.4990
2019-11-14 2018-03-31 13F MASTERCARD CL A 57636Q104 13,885 15 0.11 2,626 15.53 2.4332
2019-11-19 2017-12-31 13F MASTERCARD CL A 57636Q104 13,870 13,870 2,273 2.0214
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.