Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionKelman-Lazarov, Inc.
Latest Disclosed Ownership4,038 shares
Latest Disclosed Value $ 2,017,608
Kelman-Lazarov, Inc. reports 0.20% decrease in ownership of MA / Mastercard Incorporated

On April 27, 2026 - Kelman-Lazarov, Inc. filed a 13F-HR form disclosing ownership of 4,038 shares of Mastercard Incorporated (US:MA) valued at $2,017,627 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 4,046 shares of Mastercard Incorporated. This represents a change in shares of -0.20% during the quarter. The current value of the position is $1,982,981 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)
2026-04-27 2026-03-31 13F MASTERCARD CL A 57636Q104 4,038 -8 -0.20 2,018 -12.65 0.2892
2026-01-26 2025-12-31 13F MASTERCARD CL A 57636Q104 4,046 11 0.27 2,310 0.65 0.3298
2025-11-12 2025-09-30 13F MASTERCARD CL A 57636Q104 4,035 9 0.22 2,295 1.41 0.3403
2025-07-29 2025-06-30 13F MASTERCARD CL A 57636Q104 4,026 -40 -0.98 2,263 1.53 0.3666
2025-05-06 2025-03-31 13F MASTERCARD CL A 57636Q104 4,066 7 0.17 2,228 4.26 0.4045
2025-02-13 2024-12-31 13F MASTERCARD CL A 57636Q104 4,059 -33 -0.81 2,137 5.79 0.3848
2024-11-08 2024-09-30 13F MASTERCARD CL A 57636Q104 4,092 0 0.00 2,021 11.91 0.3477
2024-08-12 2024-06-30 13F MASTERCARD CL A 57636Q104 4,092 -175 -4.10 1,805 -12.12 0.3366
2024-05-09 2024-03-31 13F MASTERCARD CL A 57636Q104 4,267 -30 -0.70 2,055 12.12 0.4016
2024-02-01 2023-12-31 13F MASTERCARD CL A 57636Q104 4,297 -32 -0.74 1,833 6.95 0.3968
2023-10-30 2023-09-30 13F MASTERCARD CL A 57636Q104 4,329 -207 -4.56 1,714 -3.98 0.4052
2023-08-04 2023-06-30 13F MASTERCARD CL A 57636Q104 4,536 47 1.05 1,784 9.38 0.4289
2023-05-04 2023-03-31 13F MASTERCARD CL A 57636Q104 4,489 93 2.12 1,631 6.74 0.4234
2023-02-06 2022-12-31 13F MASTERCARD CL A 57636Q104 4,396 -42 -0.95 1,529 21.08 0.4301
2022-10-24 2022-09-30 13F MASTERCARD CL A 57636Q104 4,438 -285 -6.03 1,262 -15.30 0.4294
2022-08-08 2022-06-30 13F MASTERCARD CL A 57636Q104 4,723 -743 -13.59 1,490 -23.71 0.5035
2022-05-10 2022-03-31 13F MASTERCARD CL A 57636Q104 5,466 -28 -0.51 1,953 -1.06 0.6498
2022-02-09 2021-12-31 13F MASTERCARD CL A 57636Q104 5,494 0 0.00 1,974 3.35 0.6353
2021-11-04 2021-09-30 13F MASTERCARD CL A 57636Q104 5,494 -6 -0.11 1,910 -4.88 0.6690
2021-08-10 2021-06-30 13F MASTERCARD CL A 57636Q104 5,500 -202 -3.54 2,008 -1.08 0.7008
2021-05-07 2021-03-31 13F MASTERCARD CL A 57636Q104 5,702 0 0.00 2,030 -0.25 0.7235
2021-02-08 2020-12-31 13F MASTERCARD CL A 57636Q104 5,702 -100 -1.72 2,035 3.72 0.7808
2020-11-12 2020-09-30 13F MASTERCARD CL A 57636Q104 5,802 -1,249 -17.71 1,962 -5.90 0.8915
2020-07-29 2020-06-30 13F MASTERCARD CL A 57636Q104 7,051 -1,457 -17.13 2,085 1.46 0.9661
2020-04-27 2020-03-31 13F MASTERCARD CL A 57636Q104 8,508 -2,907 -25.47 2,055 -39.70 1.1011
2020-01-29 2019-12-31 13F MASTERCARD CL A 57636Q104 11,415 -657 -5.44 3,408 3.97 1.5329
2019-10-15 2019-09-30 13F MASTERCARD CL A 57636Q104 12,072 -188 -1.53 3,278 1.08 1.6154
2019-07-22 2019-06-30 13F MASTERCARD CL A 57636Q104 12,260 -1,549 -11.22 3,243 -0.25 1.6622
2019-05-08 2019-03-31 13F MASTERCARD CL A 57636Q104 13,809 -1,943 -12.33 3,251 9.39 1.7143
2019-02-11 2018-12-31 13F MASTERCARD CL A 57636Q104 15,752 -2,532 -13.85 2,972 -26.98 1.8492
2018-11-14 2018-09-30 13F MASTERCARD CL A 57636Q104 18,284 -3,725 -16.92 4,070 -5.90 2.3819
2018-08-03 2018-06-30 13F Mastercard Inc Cl A Com CL A 57636Q104 22,009 -3,666 -14.28 4,325 -3.82 2.3217
2018-05-08 2018-03-31 13F Mastercard Inc Cl A Com CL A 57636Q104 25,675 -555 -2.12 4,497 13.27 2.4175
2018-06-25 2017-12-31 13F/A-1 Mastercard Inc Cl A Com CL A 57636Q104 26,230 0 0.00 3,970 7.18 2.0272
2018-01-23 2017-12-31 13F Mastercard Inc Cl A Com CL A 57636Q104 26,230 0 3,970 1.9011
2017-10-05 2017-09-30 13F Mastercard Inc Cl A Com CL A 57636Q104 26,230 -175 -0.66 3,704 15.50 1.9552
2017-07-24 2017-06-30 13F Mastercard Inc Cl A Com CL A 57636Q104 26,405 345 1.32 3,207 9.42 1.7587
2017-04-25 2017-03-31 13F Mastercard Inc Cl A Com CL A 57636Q104 26,060 430 1.68 2,931 10.77 1.8876
2017-01-17 2016-12-31 13F Mastercard Inc Cl A Com MA 57636Q104 25,630 -1,950 -7.07 2,646 -5.20 1.4928
2016-10-11 2016-09-30 13F Mastercard Inc Cl A Com Equities 57636Q104 27,580 175 0.64 2,792 14.67 1.5826
2016-07-14 2016-06-30 13F Mastercard Inc Cl A Com Equities 57636Q104 27,405 250 0.92 2,435 -6.49 1.3909
2016-04-19 2016-03-31 13F Mastercard Inc Cl A Com COM 57636Q104 27,155 27,155 2,603 1.5232
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.