Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionMerit Financial Group, LLC
Latest Disclosed Ownership34,685 shares
Latest Disclosed Value $ 17,330,619
Merit Financial Group, LLC reports 5.90% decrease in ownership of MA / Mastercard Incorporated

On April 15, 2026 - Merit Financial Group, LLC filed a 13F-HR form disclosing ownership of 34,685 shares of Mastercard Incorporated (US:MA) valued at $17,330,707 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 36,860 shares of Mastercard Incorporated. This represents a change in shares of -5.90% during the quarter. The current value of the position is $17,033,110 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)
2026-04-15 2026-03-31 13F MASTERCARD CL A 57636Q104 34,685 -2,175 -5.90 17,331 -17.64 0.0996
2026-01-26 2025-12-31 13F MASTERCARD CL A 57636Q104 36,860 4,516 13.96 21,043 14.37 0.1688
2025-11-07 2025-09-30 13F/A-1 MASTERCARD CL A 57636Q104 32,344 1,224 3.93 18,398 5.21 0.1690
2025-10-20 2025-09-30 13F MASTERCARD CL A 57636Q104 32,345 1,225 18,398 0.1690
2025-07-22 2025-06-30 13F MASTERCARD CL A 57636Q104 31,120 5,681 22.33 17,488 25.42 0.1950
2025-04-09 2025-03-31 13F MASTERCARD CL A 57636Q104 25,439 4,232 19.96 13,944 24.86 0.2088
2025-01-15 2024-12-31 13F MASTERCARD CL A 57636Q104 21,207 4,434 26.44 11,167 34.83 0.2007
2024-10-17 2024-09-30 13F MASTERCARD CL A 57636Q104 16,773 -4,115 -19.70 8,282 -10.12 0.1852
2024-08-13 2024-06-30 13F MASTERCARD CL A 57636Q104 20,888 1,691 8.81 9,215 8.21 0.2032
2024-05-06 2024-03-31 13F MASTERCARD CL A 57636Q104 19,197 10,716 126.35 8,516 135.42 0.2029
2024-02-06 2023-12-31 13F MASTERCARD CL A 57636Q104 8,481 -4,735 -35.83 3,617 -30.87 0.1100
2023-11-07 2023-09-30 13F MASTERCARD CL A 57636Q104 13,216 154 1.18 5,232 1.85 0.1712
2023-08-01 2023-06-30 13F MASTERCARD CL A 57636Q104 13,062 -1,134 -7.99 5,137 -0.43 0.1663
2023-04-24 2023-03-31 13F MASTERCARD CL A 57636Q104 14,196 -256 -1.77 5,159 2.67 0.1876
2023-01-13 2022-12-31 13F MASTERCARD CL A 57636Q104 14,452 6,294 77.15 5,025 116.59 0.1818
2022-10-31 2022-09-30 13F MASTERCARD CL A 57636Q104 8,158 -4,063 -33.25 2,320 -39.83 0.1007
2022-08-08 2022-06-30 13F MASTERCARD CL A 57636Q104 12,221 6,435 111.22 3,856 86.46 0.1193
2022-05-13 2022-03-31 13F MASTERCARD CL A 57636Q104 5,786 1,133 24.35 2,068 23.68 0.1247
2022-02-14 2021-12-31 13F MASTERCARD CL A 57636Q104 4,653 224 5.06 1,672 8.57 0.1640
2021-10-27 2021-09-30 13F MASTERCARD CL A 57636Q104 4,429 153 3.58 1,540 -1.35 0.1612
2021-08-16 2021-06-30 13F MASTERCARD CL A 57636Q104 4,276 -334 -7.25 1,561 -4.88 0.1467
2021-05-18 2021-03-31 13F MASTERCARD CL A 57636Q104 4,610 -252 -5.18 1,641 -5.42 0.1717
2021-02-12 2020-12-31 13F MASTERCARD CL A 57636Q104 4,862 -677 -12.22 1,735 -7.37 0.1677
2020-11-10 2020-09-30 13F MASTERCARD CL A 57636Q104 5,539 90 1.65 1,873 16.26 0.1711
2020-08-13 2020-06-30 13F MASTERCARD CL A 57636Q104 5,449 492 9.93 1,611 34.59 0.1603
2020-05-05 2020-03-31 13F MASTERCARD CL A 57636Q104 4,957 424 9.35 1,197 -11.60 0.1338
2020-01-16 2019-12-31 13F MASTERCARD CL A 57636Q104 4,533 1,661 57.83 1,354 73.59 0.1198
2019-11-25 2019-09-30 13F MASTERCARD Common Stock 57636Q104 2,872 -3 -0.10 780 2.63 0.0853
2019-08-13 2019-06-30 13F MASTERCARD Common Stock 57636Q104 2,875 24 0.84 760 13.26 0.0891
2019-05-16 2019-03-31 13F MASTERCARD Common Stock 57636Q104 2,851 258 9.95 671 37.22 0.0819
2019-02-15 2018-12-31 13F MASTERCARD Common Stock 57636Q104 2,593 -65 -2.45 489 -17.26 0.0736
2018-10-25 2018-09-30 13F MASTERCARD Common Stock 57636Q104 2,658 227 9.34 591 23.90 0.0946
2018-08-07 2018-06-30 13F MASTERCARD Common Stock 57636Q104 2,431 2,431 477 0.0855
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.