Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionLincoln Capital LLC
Latest Disclosed Ownership59,681 shares
Latest Disclosed Value $ 29,816,286
Lincoln Capital LLC reports 0.93% decrease in ownership of MA / Mastercard Incorporated

On May 1, 2026 - Lincoln Capital LLC filed a 13F-HR form disclosing ownership of 59,681 shares of Mastercard Incorporated (US:MA) valued at $29,820,208 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 8, 2026 disclosing 60,242 shares of Mastercard Incorporated. This represents a change in shares of -0.93% during the quarter. The current value of the position is $29,308,145 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)
2026-05-01 2026-03-31 13F MASTERCARD CL A 57636Q104 59,681 -561 -0.93 29,816 -13.30 5.6494
2026-01-08 2025-12-31 13F MASTERCARD CL A 57636Q104 60,242 -721 -1.18 34,391 -2.81 6.2320
2025-11-05 2025-09-30 13F MASTERCARD CL A 57636Q104 60,963 -817 -1.32 35,386 1.94 6.6287
2025-07-11 2025-06-30 13F MASTERCARD CL A 57636Q104 61,780 -327 -0.53 34,713 5.99 6.6798
2025-05-13 2025-03-31 13F MASTERCARD CL A 57636Q104 62,107 -737 -1.17 32,751 -1.03 6.8383
2025-01-16 2024-12-31 13F MASTERCARD CL A 57636Q104 62,844 -909 -1.43 33,092 5.11 6.9568
2024-11-01 2024-09-30 13F MASTERCARD CL A 57636Q104 63,753 -684 -1.06 31,481 10.75 6.6579
2024-07-23 2024-06-30 13F MASTERCARD CL A 57636Q104 64,437 -445 -0.69 28,427 -9.02 6.3435
2024-04-16 2024-03-31 13F MASTERCARD CL A 57636Q104 64,882 -121 -0.19 31,245 12.70 6.9525
2024-01-10 2023-12-31 13F MASTERCARD CL A 57636Q104 65,003 -871 -1.32 27,723 6.30 6.7571
2023-10-11 2023-09-30 13F MASTERCARD CL A 57636Q104 65,874 -312 -0.47 26,080 0.19 6.8455
2023-08-04 2023-06-30 13F MASTERCARD CL A 57636Q104 66,186 -279 -0.42 26,031 7.78 6.7010
2023-04-27 2023-03-31 13F MASTERCARD CL A 57636Q104 66,465 -424 -0.63 24,153 3.84 6.6434
2023-01-19 2022-12-31 13F MASTERCARD CL A 57636Q104 66,889 -712 -1.05 23,260 21.00 6.7035
2022-10-26 2022-09-30 13F MASTERCARD CL A 57636Q104 67,601 -162 -0.24 19,222 -10.09 5.9815
2022-07-20 2022-06-30 13F MASTERCARD CL A 57636Q104 67,763 -215 -0.32 21,378 -12.00 6.0126
2022-05-05 2022-03-31 13F MASTERCARD CL A 57636Q104 67,978 371 0.55 24,294 0.00 5.6909
2022-01-18 2021-12-31 13F MASTERCARD CL A 57636Q104 67,607 165 0.24 24,293 3.60 6.0073
2021-10-13 2021-09-30 13F MASTERCARD CL A 57636Q104 67,442 -274 -0.40 23,448 -5.16 6.3753
2021-07-14 2021-06-30 13F MASTERCARD CL A 57636Q104 67,716 -205 -0.30 24,723 2.23 6.9282
2021-05-13 2021-03-31 13F MASTERCARD CL A 57636Q104 67,921 -570 -0.83 24,183 -1.08 7.5554
2021-01-19 2020-12-31 13F MASTERCARD CL A 57636Q104 68,491 -375 -0.54 24,447 4.97 7.9446
2020-10-13 2020-09-30 13F MASTERCARD CL A 57636Q104 68,866 -552 -0.80 23,289 13.46 8.5354
2020-07-15 2020-06-30 13F MASTERCARD CL A 57636Q104 69,418 -14 -0.02 20,527 22.39 8.5817
2020-04-16 2020-03-31 13F MASTERCARD CL A 57636Q104 69,432 -19 -0.03 16,772 -19.12 8.4587
2020-01-21 2019-12-31 13F MASTERCARD CL A 57636Q104 69,451 -527 -0.75 20,737 9.12 8.5666
2019-10-22 2019-09-30 13F MASTERCARD CL A 57636Q104 69,978 -1,086 -1.53 19,004 1.10 8.4789
2019-07-16 2019-06-30 13F MASTERCARD CL A 57636Q104 71,064 -713 -0.99 18,798 11.23 8.4275
2019-04-16 2019-03-31 13F MASTERCARD CL A 57636Q104 71,777 -163 -0.23 16,900 24.52 8.1672
2019-02-15 2018-12-31 13F MASTERCARD CL A 57636Q104 71,940 2,274 3.26 13,572 -12.48 7.4209
2018-11-14 2018-09-30 13F MASTERCARD CL A 57636Q104 69,666 -240 -0.34 15,508 10.41 7.6809
2018-07-13 2018-06-30 13F MASTERCARD CL A 57636Q104 69,906 -1,085 -1.53 14,046 12.96 7.5159
2018-04-16 2018-03-31 13F MASTERCARD CL A 57636Q104 70,991 -2,051 -2.81 12,435 12.47 6.7252
2018-01-17 2017-12-31 13F MASTERCARD CL A 57636Q104 73,042 -112 -0.15 11,056 7.04 6.1698
2017-10-19 2017-09-30 13F MASTERCARD CL A 57636Q104 73,154 -93 -0.13 10,329 16.11 6.3755
2017-07-11 2017-06-30 13F MASTERCARD CL A 57636Q104 73,247 58 0.08 8,896 8.07 5.5840
2017-04-11 2017-03-31 13F MASTERCARD CL A 57636Q104 73,189 0 0.00 8,232 8.93 5.5629
2017-02-07 2016-12-31 13F MASTERCARD CL A 57636Q104 73,189 1,846 2.59 7,557 4.08 5.3840
2016-11-14 2016-09-30 13F MASTERCARD CL A 57636Q104 71,343 -200 -0.28 7,261 15.25 5.3620
2016-08-03 2016-06-30 13F MASTERCARD CL A 57636Q104 71,543 146 0.20 6,300 -6.63 4.7105
2016-04-12 2016-03-31 13F MASTERCARD CL A 57636Q104 71,397 2,981 4.36 6,747 1.29 5.0594
2016-01-14 2015-12-31 13F MASTERCARD CL A 57636Q104 68,416 126 0.18 6,661 8.24 5.3025
2015-10-20 2015-09-30 13F MASTERCARD CL A 57636Q104 68,290 9,717 16.59 6,154 12.40 5.1014
2015-07-31 2015-06-30 13F MASTERCARD CL A 57636Q104 58,573 -380 -0.64 5,475 7.50 4.6170
2015-05-05 2015-03-31 13F MASTERCARD CL A 57636Q104 58,953 4,459 8.18 5,093 8.48 4.3669
2015-02-17 2014-12-31 13F MASTERCARD CL A 57636Q104 54,494 54,494 4,695 4.0691
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.