Mastercard Incorporated
MX ˙ BMV ˙ US57636Q1040
SecurityMX:MA / Mastercard Incorporated
InstitutionTwin Capital Management Inc
Latest Disclosed Ownership10,075 shares
Latest Disclosed Value $ 5,034,075
Twin Capital Management Inc reports 0.11% decrease in ownership of MA / Mastercard Incorporated

On May 5, 2026 - Twin Capital Management Inc filed a 13F-HR form disclosing ownership of 10,075 shares of Mastercard Incorporated (MX:MA) valued at $5,034,075 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 6, 2026 disclosing 10,086 shares of Mastercard Incorporated. This represents a change in shares of -0.11% 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)
2026-05-05 2026-03-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 10,075 -11 -0.11 5,034 -12.56 0.6490
2026-02-06 2025-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 10,086 2,935 41.04 5,758 41.55 0.7147
2025-11-05 2025-09-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 7,151 2,034 39.75 4,068 41.46 0.5122
2025-08-06 2025-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 5,117 473 10.19 2,875 12.97 0.3057
2025-05-05 2025-03-31 13F MASTERCARD INC CL A COM 57636Q104 4,644 2,138 85.32 2,545 92.95 0.2970
2025-02-13 2024-12-31 13F MASTERCARD INC CL A COM 57636Q104 2,506 -73 -2.83 1,320 3.61 0.1445
2024-11-12 2024-09-30 13F MASTERCARD INC CL A COM 57636Q104 2,579 -118 -4.38 1,274 7.06 0.1437
2024-08-14 2024-06-30 13F MASTERCARD INC CL A COM 57636Q104 2,697 -4,641 -63.25 1,190 -66.35 0.1402
2024-05-13 2024-03-31 13F MASTERCARD INC CL A COM 57636Q104 7,338 1,893 34.77 3,534 52.15 0.4380
2024-01-31 2023-12-31 13F MASTERCARD INC CL A COM 57636Q104 5,445 -2,159 -28.39 2,322 -22.86 0.3043
2023-11-13 2023-09-30 13F MASTERCARD INC CL A COM 57636Q104 7,604 -575 -7.03 3,010 -6.41 0.4324
2023-08-07 2023-06-30 13F MASTERCARD INC CL A COM 57636Q104 8,179 -275 -3.25 3,217 4.69 0.4194
2023-05-08 2023-03-31 13F MASTERCARD INC CL A COM 57636Q104 8,454 1,277 17.79 3,072 153,500.00 0.4198
2023-01-31 2022-12-31 13F MASTERCARD INC CL A COM 57636Q104 7,177 -5,079 -41.44 2 -99.94 0.3234
2022-10-21 2022-09-30 13F MASTERCARD INC CL A COM 57636Q104 12,256 -111 -0.90 3,485 -10.69 0.4710
2022-08-02 2022-06-30 13F MASTERCARD INC CL A COM 57636Q104 12,367 -119 -0.95 3,902 -12.55 0.4982
2022-05-06 2022-03-31 13F MASTERCARD INC CL A COM 57636Q104 12,486 -360 -2.80 4,462 -3.34 0.4806
2022-02-07 2021-12-31 13F MASTERCARD INC CL A COM 57636Q104 12,846 -1,750 -11.99 4,616 -9.04 0.4619
2021-10-29 2021-09-30 13F MASTERCARD INC CL A COM 57636Q104 14,596 -3,900 -21.09 5,075 -24.85 0.5200
2021-08-09 2021-06-30 13F MASTERCARD INC CL A COM 57636Q104 18,496 -8,872 -32.42 6,753 -30.70 0.6224
2021-05-06 2021-03-31 13F MASTERCARD INC CL A COM 57636Q104 27,368 -13,962 -33.78 9,744 -33.95 0.9702
2021-02-11 2020-12-31 13F MASTERCARD INC CL A COM 57636Q104 41,330 -12,574 -23.33 14,752 -19.07 1.3416
2020-11-05 2020-09-30 13F MASTERCARD INC CL A COM 57636Q104 53,904 -1,127 -2.05 18,229 12.02 1.6502
2020-08-04 2020-06-30 13F MASTERCARD INC CL A COM 57636Q104 55,031 -2,725 -4.72 16,273 16.64 1.5666
2020-04-29 2020-03-31 13F MASTERCARD INC CL A COM 57636Q104 57,756 -470 -0.81 13,952 -19.75 1.5133
2020-01-29 2019-12-31 13F MASTERCARD INC CL A COM 57636Q104 58,226 -4,672 -7.43 17,386 1.79 1.4701
2019-10-28 2019-09-30 13F MASTERCARD INC CL A COM 57636Q104 62,898 -108 -0.17 17,081 2.48 1.2362
2019-08-01 2019-06-30 13F MASTERCARD INC CL A COM 57636Q104 63,006 -27,954 -30.73 16,667 -22.18 1.1600
2019-05-03 2019-03-31 13F MASTERCARD INC CL A COM 57636Q104 90,960 3,970 4.56 21,417 30.50 1.0554
2019-02-04 2018-12-31 13F MASTERCARD INC CL A COM 57636Q104 86,990 -930 -1.06 16,411 -16.15 0.9248
2018-11-07 2018-09-30 13F MASTERCARD INC CL A COM 57636Q104 87,920 -4,540 -4.91 19,572 7.72 0.8992
2018-08-13 2018-06-30 13F MASTERCARD INC CL A COM 57636Q104 92,460 5,610 6.46 18,170 19.44 0.9124
2018-05-01 2018-03-31 13F MASTERCARD INC CL A COM 57636Q104 86,850 46,460 115.03 15,213 148.86 0.7853
2018-01-29 2017-12-31 13F MASTERCARD INC CL A COM 57636Q104 40,390 2,570 6.80 6,113 14.48 0.3002
2017-11-09 2017-09-30 13F MASTERCARD INC CL A COM 57636Q104 37,820 16,760 79.58 5,340 108.76 0.2803
2017-08-07 2017-06-30 13F MASTERCARD INC CL A COM 57636Q104 21,060 -130 -0.61 2,558 7.34 0.1508
2017-05-08 2017-03-31 13F MASTERCARD INC CL A COM 57636Q104 21,190 -8,660 -29.01 2,383 -22.68 0.1475
2017-02-07 2016-12-31 13F MASTERCARD INC CL A COM 57636Q104 29,850 4,860 19.45 3,082 21.20 0.1984
2016-11-14 2016-09-30 13F MASTERCARD INC CL A COM 57636Q104 24,990 -830 -3.21 2,543 11.83 0.1702
2016-08-08 2016-06-30 13F MASTERCARD INC CL A COM 57636Q104 25,820 200 0.78 2,274 -6.07 0.1707
2016-05-11 2016-03-31 13F MASTERCARD INC CL A COM 57636Q104 25,620 1,640 6.84 2,421 3.68 0.1876
2016-02-09 2015-12-31 13F MASTERCARD INC CL A COM 57636Q104 23,980 130 0.55 2,335 8.66 0.1915
2015-11-12 2015-09-30 13F MASTERCARD INC CL A COM 57636Q104 23,850 0 0.00 2,149 -3.59 0.2038
2015-07-30 2015-06-30 13F MASTERCARD INC CL A COM 57636Q104 23,850 -1,150 -4.60 2,229 3.19 0.1997
2015-05-12 2015-03-31 13F MASTERCARD INC CL A COM 57636Q104 25,000 -500 -1.96 2,160 -1.68 0.1893
2015-02-09 2014-12-31 13F MASTERCARD INC CL A COM 57636Q104 25,500 -6,700 -20.81 2,197 -7.69 0.2097
2014-11-10 2014-09-30 13F MASTERCARD INC CL A COM 57636Q104 32,200 -4,050 -11.17 2,380 -10.63 0.2411
2014-07-29 2014-06-30 13F MASTERCARD INC CL A COM 57636Q104 36,250 36,250 2,663 7.34 0.2678
2014-05-13 2014-03-31 13F MASTERCARD INC CL A COM 57636Q104 0 -3,720 -100.00 2,481 -20.17 0.2616
2014-02-07 2013-12-31 13F MASTERCARD INC CL A COM 57636Q104 3,720 -1,760 -32.12 3,108 -15.70 0.3325
2013-11-06 2013-09-30 13F MASTERCARD INC CL A COM 57636Q104 5,480 5,480 3,687 613.15 0.3941
2013-08-12 2013-06-30 13F MASTERCARD INC CL A COM 57636Q104 0 0 517 0.0550
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.