Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionIeq Capital, Llc
Latest Disclosed Ownership96,764 shares
Latest Disclosed Value $ 48,348,950
Ieq Capital, Llc reports 19.84% decrease in ownership of MA / Mastercard Incorporated

On May 14, 2026 - Ieq Capital, Llc filed a 13F-HR form disclosing ownership of 96,764 shares of Mastercard Incorporated (US:MA) valued at $48,349,100 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 120,710 shares of Mastercard Incorporated. This represents a change in shares of -19.84% during the quarter. The current value of the position is $47,518,865 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)
2026-05-14 2026-03-31 13F MASTERCARD CL A 57636Q104 96,764 -23,946 -19.84 48,349 -29.84 0.1629
2026-02-13 2025-12-31 13F MASTERCARD CL A 57636Q104 120,710 -1,865 -1.52 68,912 -1.16 0.2063
2025-11-14 2025-09-30 13F MASTERCARD CL A 57636Q104 122,575 25,135 25.80 69,722 27.33 0.2116
2025-08-14 2025-06-30 13F MASTERCARD CL A 57636Q104 97,440 15,095 18.33 54,755 21.31 0.3350
2025-05-14 2025-03-31 13F MASTERCARD CL A 57636Q104 82,345 -894 -1.07 45,135 2.98 0.3590
2025-02-03 2024-12-31 13F MASTERCARD CL A 57636Q104 83,239 13,532 19.41 43,831 27.34 0.4236
2024-11-14 2024-09-30 13F MASTERCARD CL A 57636Q104 69,707 6,091 9.57 34,422 22.65 0.4223
2024-08-12 2024-06-30 13F MASTERCARD CL A 57636Q104 63,616 3,218 5.33 28,065 -3.51 0.3777
2024-05-09 2024-03-31 13F MASTERCARD CL A 57636Q104 60,398 3,291 5.76 29,086 19.42 0.4179
2024-02-07 2023-12-31 13F MASTERCARD CL A 57636Q104 57,107 -1,716 -2.92 24,356 4.59 0.4052
2023-11-06 2023-09-30 13F MASTERCARD CL A 57636Q104 58,823 1,962 3.45 23,289 4.14 0.4737
2023-08-08 2023-06-30 13F MASTERCARD CL A 57636Q104 56,861 1,510 2.73 22,363 11.18 0.4512
2023-05-02 2023-03-31 13F MASTERCARD CL A 57636Q104 55,351 4,045 7.88 20,115 12.75 0.4664
2023-02-06 2022-12-31 13F MASTERCARD CL A 57636Q104 51,306 993 1.97 17,841 24.70 0.4996
2022-11-04 2022-09-30 13F MASTERCARD CL A 57636Q104 50,313 6,693 15.34 14,306 3.97 0.3927
2022-07-27 2022-06-30 13F MASTERCARD CL A 57636Q104 43,620 792 1.85 13,760 -10.10 0.4169
2022-04-26 2022-03-31 13F MASTERCARD CL A 57636Q104 42,828 6,163 16.81 15,306 16.18 0.3646
2022-01-31 2021-12-31 13F MASTERCARD CL A 57636Q104 36,665 4,405 13.65 13,174 17.45 0.3046
2021-11-09 2021-09-30 13F MASTERCARD CL A 57636Q104 32,260 2,467 8.28 11,217 3.13 0.2978
2021-07-29 2021-06-30 13F MASTERCARD CL A 57636Q104 29,793 4,014 15.57 10,877 18.51 0.3196
2021-05-04 2021-03-31 13F MASTERCARD CL A 57636Q104 25,779 11,046 74.97 9,178 74.52 0.3791
2021-02-03 2020-12-31 13F MASTERCARD CL A 57636Q104 14,733 -8,234 -35.85 5,259 -32.29 0.2339
2020-11-03 2020-09-30 13F MASTERCARD CL A 57636Q104 22,967 -38 -0.17 7,767 14.19 0.4176
2020-07-31 2020-06-30 13F MASTERCARD CL A 57636Q104 23,005 5,856 34.15 6,802 64.22 0.4415
2020-05-07 2020-03-31 13F MASTERCARD CL A 57636Q104 17,149 4,563 36.25 4,142 10.22 0.3325
2020-02-11 2019-12-31 13F/A-1 MASTERCARD CL A 57636Q104 12,586 12,586 3,758 0.3295
2020-02-04 2019-12-31 13F MASTERCARD CL A 57636Q104 14,799 3,657
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.