Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionBrown Advisory Inc
Latest Disclosed Ownership3,490,102 shares
Latest Disclosed Value $ 1,743,864,546
Brown Advisory Inc reports 10.41% increase in ownership of MA / Mastercard Incorporated

On May 15, 2026 - Brown Advisory Inc filed a 13F-HR form disclosing ownership of 3,490,102 shares of Mastercard Incorporated (US:MA) valued at $1,743,864,365 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 3,161,082 shares of Mastercard Incorporated. This represents a change in shares of 10.41% during the quarter. The current value of the position is $1,645,757,598 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)
2026-05-15 2026-03-31 13F MASTERCARD CL A 57636Q104 3,490,102 329,020 10.41 1,743,865 -3.37 1.2776
2026-02-13 2025-12-31 13F MASTERCARD CL A 57636Q104 3,161,082 -144,697 -4.38 1,804,599 -4.03 2.5177
2025-11-14 2025-09-30 13F MASTERCARD CL A 57636Q104 3,305,779 111,988 3.51 1,880,360 4.77 2.4479
2025-08-13 2025-06-30 13F MASTERCARD CL A 57636Q104 3,193,791 11,176 0.35 1,794,719 2.88 2.3626
2025-04-30 2025-03-31 13F MASTERCARD CL A 57636Q104 3,182,615 -288,454 -8.31 1,744,455 -4.56 2.4931
2025-02-14 2024-12-31 13F MASTERCARD CL A 57636Q104 3,471,069 -212,476 -5.77 1,827,761 0.49 2.3184
2024-11-13 2024-09-30 13F MASTERCARD CL A 57636Q104 3,683,545 57,309 1.58 1,818,934 13.70 2.2839
2024-08-14 2024-06-30 13F MASTERCARD CL A 57636Q104 3,626,236 13,620 0.38 1,599,750 -8.05 2.0912
2024-04-24 2024-03-31 13F MASTERCARD CL A 57636Q104 3,612,616 -269,954 -6.95 1,739,727 5.06 2.3257
2024-02-08 2023-12-31 13F MASTERCARD CL A 57636Q104 3,882,570 344,329 9.73 1,655,955 18.21 2.3278
2023-10-25 2023-09-30 13F MASTERCARD CL A 57636Q104 3,538,241 -188,689 -5.06 1,400,825 -4.43 2.2994
2023-07-31 2023-06-30 13F MASTERCARD CL A 57636Q104 3,726,930 -158,005 -4.07 1,465,802 3.82 2.2896
2023-05-08 2023-03-31 13F MASTERCARD CL A 57636Q104 3,884,935 -61,797 -1.57 1,411,824 2.87 2.3899
2023-02-13 2022-12-31 13F MASTERCARD CL A 57636Q104 3,946,732 -93,345 -2.31 1,372,397 19.47 2.5492
2022-11-14 2022-09-30 13F MASTERCARD CL A 57636Q104 4,040,077 -213,859 -5.03 1,148,754 -14.40 2.2345
2022-11-14 2022-06-30 13F/A-2 MASTERCARD CL A 57636Q104 4,253,936 -505,146 -10.61 1,342,032 -21.09 2.5236
2022-09-13 2022-06-30 13F/A-1 MASTERCARD CL A 57636Q104 5,049,347 -557,277 1,592,968 2.7546
2022-08-02 2022-06-30 13F MASTERCARD CL A 57636Q104 5,190,339 -442,963 1,723,981 2.7699
2022-11-14 2022-03-31 13F/A-2 MASTERCARD CL A 57636Q104 4,759,082 -828,159 -14.82 1,700,801 -15.28 2.5348
2022-09-13 2022-03-31 13F/A-1 MASTERCARD CL A 57636Q104 5,606,624 19,383 2,003,694 2.8130
2022-05-09 2022-03-31 13F MASTERCARD CL A 57636Q104 5,633,302 46,061 2,017,058 2.7412
2022-01-27 2021-12-31 13F MASTERCARD CL A 57636Q104 5,587,241 1,195,525 27.22 2,007,608 31.48 2.4877
2021-11-12 2021-09-30 13F MASTERCARD CL A 57636Q104 4,391,716 -282,223 -6.04 1,526,912 -10.52 2.2538
2021-07-29 2021-06-30 13F MASTERCARD CL A 57636Q104 4,673,939 -34,515 -0.73 1,706,409 1.79 2.5723
2021-05-14 2021-03-31 13F MASTERCARD CL A 57636Q104 4,708,454 399,467 9.27 1,676,445 9.00 2.8664
2021-02-12 2020-12-31 13F MASTERCARD CL A 57636Q104 4,308,987 114,194 2.72 1,538,051 8.42 2.7296
2020-11-16 2020-09-30 13F MASTERCARD CL A 57636Q104 4,194,793 -11,620 -0.28 1,418,553 14.05 2.9304
2020-08-14 2020-06-30 13F MASTERCARD CL A 57636Q104 4,206,413 88,383 2.15 1,243,836 25.04 2.8976
2020-05-15 2020-03-31 13F MASTERCARD CL A 57636Q104 4,118,030 2,157,829 110.08 994,751 69.96 3.0476
2020-02-14 2019-12-31 13F MASTERCARD CL A 57636Q104 1,960,201 -25,371 -1.28 585,296 8.54 1.4848
2019-11-14 2019-09-30 13F MASTERCARD CL A 57636Q104 1,985,572 -45,394 -2.24 539,221 0.37 1.5130
2019-08-12 2019-06-30 13F MASTERCARD CL A 57636Q104 2,030,966 -169,215 -7.69 537,251 3.71 1.5371
2019-05-15 2019-03-31 13F MASTERCARD CL A 57636Q104 2,200,181 -16,752 -0.76 518,032 23.86 1.4693
2019-02-13 2018-12-31 13F MASTERCARD CL A 57636Q104 2,216,933 -13,833 -0.62 418,225 -15.78 1.4050
2018-11-13 2018-09-30 13F MASTERCARD CL A 57636Q104 2,230,766 -26,584 -1.18 496,590 11.94 1.4130
2018-08-10 2018-06-30 13F MASTERCARD CL A 57636Q104 2,257,350 -114,225 -4.82 443,615 6.79 1.3645
2018-06-28 2018-03-31 13F/A-1 MASTERCARD CL A 57636Q104 2,371,575 -195,339 -7.61 415,405 6.92 1.3427
2018-05-14 2018-03-31 13F MASTERCARD CL A 57636Q104 1,995,256 -571,658 349,489
2018-02-12 2017-12-31 13F MASTERCARD CL A 57636Q104 2,566,914 -76,503 -2.89 388,528 4.09 1.2300
2017-11-13 2017-09-30 13F MASTERCARD CL A 57636Q104 2,643,417 -1,917,198 -42.04 373,251 -32.61 1.2377
2017-08-14 2017-06-30 13F MASTERCARD CL A 57636Q104 4,560,615 1,711,811 60.09 553,886 72.87 1.6931
2017-05-15 2017-03-31 13F MASTERCARD CL A 57636Q104 2,848,804 -117,555 -3.96 320,404 4.61 1.0928
2017-02-13 2016-12-31 13F MASTERCARD CL A 57636Q104 2,966,359 4,436 0.15 306,277 1.61 1.0934
2016-11-14 2016-09-30 13F MASTERCARD CL A 57636Q104 2,961,923 13,591 0.46 301,434 16.10 1.0361
2016-08-09 2016-06-30 13F MASTERCARD CL A 57636Q104 2,948,332 -119,651 -3.90 259,630 -10.45 0.9121
2016-05-13 2016-03-31 13F MASTERCARD CL A 57636Q104 3,067,983 1,014 0.03 289,924 -2.91 1.0009
2016-02-08 2015-12-31 13F MASTERCARD CL A 57636Q104 3,066,969 -88,622 -2.81 298,601 5.00 1.0129
2015-11-13 2015-09-30 13F MASTERCARD CL A 57636Q104 3,155,591 56,313 1.82 284,382 -1.84 1.0155
2015-08-11 2015-06-30 13F MASTERCARD CL A 57636Q104 3,099,278 70,632 2.33 289,719 10.73 0.9433
2015-05-14 2015-03-31 13F MASTERCARD CL A 57636Q104 3,028,646 35,448 1.18 261,645 1.45 0.8329
2015-02-13 2014-12-31 13F/A-1 MASTERCARD CL A 57636Q104 2,993,198 32,644 1.10 257,894 17.84 0.8131
2015-02-09 2014-12-31 13F MASTERCARD CL A 57636Q104 2,998,966 253,609
2014-11-10 2014-09-30 13F MASTERCARD CL A 57636Q104 2,960,554 270,122 10.04 218,844 10.71 0.7031
2014-08-08 2014-06-30 13F MASTERCARD CL A 57636Q104 2,690,432 -25,263 -0.93 197,666 -2.56 0.6217
2014-05-13 2014-03-31 13F MASTERCARD CL A 57636Q104 2,715,695 2,429,171 847.81 202,863 -15.25 0.6464
2014-02-11 2013-12-31 13F MASTERCARD CL A 57636Q104 286,524 -11,372 -3.82 239,379 19.44 0.7763
2013-11-08 2013-09-30 13F MASTERCARD CL A 57636Q104 297,896 -1,047,935 -77.87 200,418 -74.08 0.7157
2013-08-13 2013-06-30 13F MASTERCARD CL A 57636Q104 1,345,831 1,345,831 773,274 3.0969
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.