Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionBlackRock Variable Series Funds, Inc. - BlackRock Managed Volatility V.I. Fund Class I
Latest Disclosed Ownership1,158 shares
Latest Disclosed Value $ 650,726
BlackRock Variable Series Funds, Inc. - BlackRock Managed Volatility V.I. Fund Class I reports 64.72% increase in ownership of MA / Mastercard Incorporated

On August 28, 2025 - BlackRock Variable Series Funds, Inc. - BlackRock Managed Volatility V.I. Fund Class I filed a NPORT-P form disclosing ownership of 1,158 shares of Mastercard Incorporated (US:MA) valued at $650,727 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 27, 2025 disclosing 703 shares of Mastercard Incorporated. This represents a change in shares of 64.72% during the quarter. The current value of the position is $583,829 USD.

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)
2025-08-28 2025-06-30 NP Mastercard, Inc. EC US57636Q1040 1,158 455 64.72 651 68.83 0.4285
2025-05-27 2025-03-31 NP Mastercard, Inc. EC US57636Q1040 703 -447 -38.87 385 -36.36 0.2571
2025-02-27 2024-12-31 NP Mastercard, Inc. EC US57636Q1040 1,150 -296 -20.47 606 -15.27 0.3743
2024-11-26 2024-09-30 NP Mastercard, Inc. EC US57636Q1040 1,446 -1,139 -44.06 714 -37.37 0.4389
2024-08-27 2024-06-30 NP Mastercard, Inc. EC US57636Q1040 2,585 -1,472 -36.28 1,140 -41.63 0.6899
2024-05-28 2024-03-31 NP Mastercard, Inc. EC US57636Q1040 4,057 977 31.72 1,954 48.74 1.1412
2024-02-27 2023-12-31 NP Mastercard, Inc. EC US57636Q1040 3,080 1,294 72.45 1,314 85.71 0.7880
2023-11-22 2023-09-30 NP Mastercard, Inc. EC US57636Q1040 1,786 -85 -4.54 707 -3.81 0.4254
2023-08-25 2023-06-30 NP Mastercard, Inc. EC US57636Q1040 1,871 -335 -15.19 736 -8.24 0.4305
2023-05-26 2023-03-31 NP Mastercard, Inc. EC US57636Q1040 2,206 249 12.72 802 17.79 0.4735
2023-02-24 2022-12-31 NP Mastercard, Inc. EC US57636Q1040 1,957 16 0.82 681 23.41 0.3909
2022-11-28 2022-09-30 NP Mastercard, Inc. EC US57636Q1040 1,941 -192 -9.00 552 -18.01 0.3241
2022-08-26 2022-06-30 NP Mastercard, Inc. EC US57636Q1040 2,133 -325 -13.22 673 -23.46 0.3777
2022-05-25 2022-03-31 NP Mastercard, Inc. EC US57636Q1040 2,458 -110 -4.28 878 -4.77 0.4432
2022-02-25 2021-12-31 NP Mastercard, Inc. EC US57636Q1040 2,568 -196 -7.09 923 -3.96 0.4294
2021-11-26 2021-09-30 NP Mastercard, Inc. EC US57636Q1040 2,764 -98 -3.42 961 -8.05 0.4399
2021-08-24 2021-06-30 NP Mastercard, Inc. EC US57636Q1040 2,862 -78 -2.65 1,045 -0.19 0.4743
2021-05-25 2021-03-31 NP Mastercard, Inc. EC US57636Q1040 2,940 139 4.96 1,047 4.70 0.4773
2021-02-24 2020-12-31 NP Mastercard, Inc. EC US57636Q1040 2,801 -108 -3.71 1,000 1.63 0.4469
2020-11-24 2020-09-30 NP Mastercard, Inc. EC US57636Q1040 2,909 -72 -2.42 984 11.58 0.4651
2020-08-24 2020-06-30 NP Mastercard, Inc. EC US57636Q1040 2,981 -1,196 -28.63 881 -12.60 0.4222
2020-05-26 2020-03-31 NP Mastercard, Inc. EC US57636Q1040 4,177 -109 -2.54 1,009 -21.19 0.4969
2020-02-25 2019-12-31 NP Mastercard, Inc. EC 57636Q104 4,286 2,670 165.22 1,280 192.01 0.5417
2019-11-25 2019-09-30 NP Mastercard, Inc. EC US57636Q1040 1,616 1,616 439 0.1867
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.