Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionNS Partners Ltd
Latest Disclosed Ownership95,511 shares
Latest Disclosed Value $ 47,723,027
NS Partners Ltd reports 5.09% decrease in ownership of MA / Mastercard Incorporated

On May 11, 2026 - NS Partners Ltd filed a 13F-HR form disclosing ownership of 95,511 shares of Mastercard Incorporated (US:MA) valued at $47,723,026 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 10, 2026 disclosing 100,638 shares of Mastercard Incorporated. This represents a change in shares of -5.09% during the quarter. The current value of the position is $45,038,212 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)
2026-05-11 2026-03-31 13F MASTERCARD CL A 57636Q104 95,511 -5,127 -5.09 47,723 -16.93 1.1210
2026-02-10 2025-12-31 13F MASTERCARD CL A 57636Q104 100,638 -442 -0.44 57,452 -0.07 2.2507
2025-11-13 2025-09-30 13F MASTERCARD CL A 57636Q104 101,080 -1,349 -1.32 57,495 -0.11 2.2241
2025-08-07 2025-06-30 13F MASTERCARD CL A 57636Q104 102,429 -3,470 -3.28 57,559 -0.84 2.3499
2025-05-12 2025-03-31 13F MASTERCARD CL A 57636Q104 105,899 -2,976 -2.73 58,045 1.25 2.5513
2025-02-07 2024-12-31 13F MASTERCARD CL A 57636Q104 108,875 -1,821 -1.65 57,330 4.88 2.3703
2024-11-08 2024-09-30 13F MASTERCARD CL A 57636Q104 110,696 503 0.46 54,662 12.44 2.3054
2024-08-08 2024-06-30 13F MASTERCARD CL A 57636Q104 110,193 -1,554 -1.39 48,613 -9.67 2.2046
2024-05-09 2024-03-31 13F MASTERCARD CL A 57636Q104 111,747 -1,882 -1.66 53,814 11.04 2.4780
2024-02-09 2023-12-31 13F MASTERCARD CL A 57636Q104 113,629 3,267 2.96 48,464 10.92 2.3553
2023-11-13 2023-09-30 13F MASTERCARD CL A 57636Q104 110,362 -986 -0.89 43,693 -0.23 2.3507
2023-08-10 2023-06-30 13F MASTERCARD CL A 57636Q104 111,348 -1,236 -1.10 43,793 7.04 2.3061
2023-05-10 2023-03-31 13F MASTERCARD CL A 57636Q104 112,584 -2,329 -2.03 40,914 2.39 2.3009
2023-02-10 2022-12-31 13F MASTERCARD CL A 57636Q104 114,913 -769 -0.66 39,959 21.48 2.4094
2022-11-10 2022-09-30 13F MASTERCARD CL A 57636Q104 115,682 -4,585 -3.81 32,893 -13.31 2.1340
2022-08-05 2022-06-30 13F MASTERCARD CL A 57636Q104 120,267 4,114 3.54 37,942 -8.60 2.3033
2022-05-12 2022-03-31 13F MASTERCARD CL A 57636Q104 116,153 -5,059 -4.17 41,511 -4.69 2.2116
2022-02-10 2021-12-31 13F MASTERCARD CL A 57636Q104 121,212 412 0.34 43,554 3.70 2.0411
2021-11-12 2021-09-30 13F MASTERCARD CL A 57636Q104 120,800 798 0.66 42,000 -4.14 2.1400
2021-08-02 2021-06-30 13F MASTERCARD CL A 57636Q104 120,002 905 0.76 43,812 3.32 2.3074
2021-04-30 2021-03-31 13F MASTERCARD CL A 57636Q104 119,097 835 0.71 42,404 0.45 2.4556
2021-02-10 2020-12-31 13F MASTERCARD CL A 57636Q104 118,262 447 0.38 42,212 5.95 2.4651
2020-11-12 2020-09-30 13F MASTERCARD CL A 57636Q104 117,815 11,627 10.95 39,841 26.88 2.6244
2020-08-13 2020-06-30 13F MASTERCARD CL A 57636Q104 106,188 2,241 2.16 31,400 25.05 2.3225
2020-05-13 2020-03-31 13F MASTERCARD CL A 57636Q104 103,947 7,776 8.09 25,109 -12.56 2.3338
2020-02-12 2019-12-31 13F Mastercard CL A 57636Q104 96,171 1,018 1.07 28,716 11.13 2.2859
2019-11-12 2019-09-30 13F Mastercard CL A 57636Q104 95,153 1,339 1.43 25,841 4.13 2.3289
2019-08-07 2019-06-30 13F Mastercard CL A 57636Q104 93,814 -8 -0.01 24,817 12.34 2.2813
2019-05-08 2019-03-31 13F Mastercard CL A 57636Q104 93,822 -82 -0.09 22,090 24.70 2.0471
2019-02-12 2018-12-31 13F Mastercard CL A 57636Q104 93,904 -542 -0.57 17,715 -15.74 1.8965
2018-11-14 2018-09-30 13F Mastercard CL A 57636Q104 94,446 -2,463 -2.54 21,025 10.40 2.0090
2018-08-02 2018-06-30 13F Mastercard CL A 57636Q104 96,909 -289 -0.30 19,045 11.86 1.9534
2018-05-15 2018-03-31 13F Mastercard CL A 57636Q104 97,198 21,706 28.75 17,025 49.00 1.8183
2018-02-09 2017-12-31 13F Mastercard CL A 57636Q104 75,492 1,789 2.43 11,426 9.79 1.2547
2017-11-14 2017-09-30 13F Mastercard CL A 57636Q104 73,703 15,024 25.60 10,407 46.02 1.2423
2017-08-14 2017-06-30 13F Mastercard CL A 57636Q104 58,679 4,428 8.16 7,127 16.80 0.9347
2017-05-15 2017-03-31 13F Mastercard CL A 57636Q104 54,251 -14 -0.03 6,102 8.91 0.8784
2017-02-13 2016-12-31 13F/A-1 Mastercard CL A 57636Q104 54,265 542 1.01 5,603 2.49 0.8790
2016-11-15 2016-09-30 13F Mastercard CL A 57636Q104 53,723 -150 -0.28 5,467 15.24 0.8913
2016-08-15 2016-06-30 13F Mastercard CL A 57636Q104 53,873 -17 -0.03 4,744 -6.85 0.8090
2016-06-02 2016-03-31 13F/A-1 Mastercard CL A 57636Q104 53,890 -17,434 -24.44 5,093 -26.66 0.9175
2016-05-13 2016-03-31 13F Mastercard CL A 57636Q104 71,324 0 6,944 1.2405
2016-02-12 2015-12-31 13F Mastercard CL A 57636Q104 71,324 -15,846 -18.18 6,944 -11.61 1.2405
2015-11-16 2015-09-30 13F Mastercard CL A 57636Q104 87,170 418 0.48 7,856 -3.13 1.3791
2015-11-16 2015-06-30 13F Mastercard CL A 57636Q104 86,752 86,752 8,110 1.2915
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.