Mastercard Incorporated
US ˙ NYSE ˙ US57636Q1040

SecurityMA / Mastercard Incorporated
InstitutionTolleson Wealth Management, Inc.
Latest Disclosed Ownership5,388 shares
Latest Disclosed Value $ 3,075,901
Tolleson Wealth Management, Inc. ownership in MA / Mastercard Incorporated

On February 17, 2026 - Tolleson Wealth Management, Inc. filed a 13F-HR form disclosing ownership of 5,388 shares of Mastercard Incorporated (US:MA) valued at $3,075,901 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 5,388 shares of Mastercard Incorporated. This represents a change in shares of 0.00% during the quarter. The current value of the position is $2,645,939 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)
2026-02-17 2025-12-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 5,388 0 0.00 3,076 0.36 0.4441
2025-11-14 2025-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 5,388 0 0.00 3,065 1.22 0.4741
2025-08-28 2025-06-30 13F/A-1 MASTERCARD INCORPORATED CL A Stock 57636Q104 5,388 0 0.00 3,028 2.51 0.5175
2025-08-14 2025-06-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 5,388 0 3 0.5175
2025-08-28 2025-03-31 13F/A-1 MASTERCARD INCORPORATED CL A Stock 57636Q104 5,388 0 0.00 2,953 147,550.00 0.5695
2025-05-15 2025-03-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 5,388 0 3 0.5698
2025-02-14 2024-12-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 5,388 -32 -0.59 3 0.00 0.5818
2024-11-14 2024-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 5,420 -11 -0.20 3 0.00 0.5099
2024-08-14 2024-06-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 5,431 25 0.46 2 0.00 0.4726
2024-05-15 2024-03-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 5,406 -564 -9.45 3 0.00 0.5094
2024-02-14 2023-12-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 5,970 -623 -9.45 3 0.00 0.5246
2023-11-14 2023-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 6,593 80 1.23 3 0.00 0.6280
2023-08-14 2023-06-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 6,513 0 0.00 3 0.00 0.6179
2023-05-15 2023-03-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 6,513 -26 -0.40 2 0.00 0.6120
2023-02-14 2022-12-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 6,539 -1,014 -13.43 2 -99.91 0.6159
2022-11-14 2022-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 7,553 0 0.00 2,148 -9.86 0.6474
2022-08-15 2022-06-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 7,553 0 0.00 2,383 -11.71 0.6738
2022-05-16 2022-03-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 7,553 0 0.00 2,699 -0.55 0.8007
2022-02-14 2021-12-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 7,553 0 0.00 2,714 3.35 0.7307
2021-11-15 2021-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 7,553 0 0.00 2,626 -4.79 0.7429
2021-08-13 2021-06-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 7,553 0 0.00 2,758 2.57 0.7434
2021-05-05 2021-03-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 7,553 0 0.00 2,689 -0.26 0.8123
2021-02-16 2020-12-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 7,553 -1,470 -16.29 2,696 -11.64 0.8932
2020-11-16 2020-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 9,023 -525 -5.50 3,051 8.08 1.2325
2020-11-20 2020-06-30 13F/A-2 MASTERCARD INCORPORATED CL A Stock 57636Q104 9,548 0 0.00 2,823 22.42 1.2352
2020-08-14 2020-06-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 9,548 0 2,823 1,240,224.9363
2020-11-20 2020-03-31 13F/A-2 MASTERCARD INC CL A Stock 57636Q104 9,548 -317 -3.21 2,306 -21.72 1.0073
2020-08-25 2020-03-31 13F/A-1 MASTERCARD INC CL A Stock 57636Q104 9,548 0 2,306 1.0119
2020-05-15 2020-03-31 13F MASTERCARD INC CL A Stock 57636Q104 9,576 -289 2,313 1,014,602.7346
2020-08-25 2019-12-31 13F/A-1 MASTERCARD INC CL A Stock 57636Q104 9,865 317 3.32 2,946 13.61 1.4262
2020-02-14 2019-12-31 13F MASTERCARD INC CL A Stock 57636Q104 9,883 335 2,951 1,427,859.4688
2019-11-14 2019-09-30 13F MASTERCARD INC CL A Stock 57636Q104 9,548 0 0.00 2,593 2.65 1.4132
2019-08-13 2019-06-30 13F MASTERCARD INC CL A Stock 57636Q104 9,548 -1,080 -10.16 2,526 0.96 1.7407
2019-05-09 2019-03-31 13F MASTERCARD INC CL A Stock 57636Q104 10,628 0 0.00 2,502 24.79 1.7312
2019-04-09 2018-12-31 13F MASTERCARD INC CL A Stock 57636Q104 10,628 10,628 2,005 1.1794
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.