마스터카드 법인
MX ˙ BMV ˙ US57636Q1040
SecurityMX:MA / Mastercard Incorporated
InstitutionBaird Financial Group, Inc.
Latest Disclosed Ownership530,614 shares
Latest Disclosed Value $ 265,126,927
Baird Financial Group, Inc. reports 0.94% decrease in ownership of MA / Mastercard Incorporated

On May 14, 2026 - Baird Financial Group, Inc. filed a 13F-HR form disclosing ownership of 530,614 shares of Mastercard Incorporated (MX:MA) valued at $265,126,927 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 13, 2026 disclosing 535,643 shares of Mastercard Incorporated. This represents a change in shares of -0.94% during the quarter.

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)
2026-05-14 2026-03-31 13F MASTERCARD CL A 57636Q104 530,614 -5,029 -0.94 265,127 -13.30 0.4142
2026-02-13 2025-12-31 13F MASTERCARD INCORPORATED CL A COMMON 57636Q104 535,643 -12,497 -2.28 305,788 -1.92 0.4767
2025-11-13 2025-09-30 13F MASTERCARD INC - COMMON 57636Q104 548,140 159 0.03 311,788 1.25 0.5014
2025-08-13 2025-06-30 13F MASTERCARD INCORPORATED CL A COMMON 57636Q104 547,981 8,883 1.65 307,932 4.21 0.5399
2025-05-15 2025-03-31 13F MASTERCARD INCORPORATED CL A COMMON 57636Q104 539,098 -2,749 -0.51 295,491 3.56 0.5689
2025-02-14 2024-12-31 13F MASTERCARD INC CL A COMMON 57636Q104 541,847 12,601 2.38 285,320 9.18 0.5457
2024-11-14 2024-09-30 13F MASTERCARD INC A COMMON 57636Q104 529,246 -2,038 -0.38 261,342 11.50 0.5075
2024-08-14 2024-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 531,284 15,574 3.02 234,381 -5.62 0.4862
2024-05-14 2024-03-31 13F MASTERCARD INC CL A COMMON 57636Q104 515,710 11,217 2.22 248,350 15.42 0.5208
2024-02-14 2023-12-31 13F MASTERCARD INC CL A COMMON 57636Q104 504,493 166,049 49.06 215,171 60.58 0.4904
2023-11-13 2023-09-30 13F MASTERCARD INC CL A COMMON 57636Q104 338,444 2,770 0.83 133,993 1.50 0.3655
2023-08-11 2023-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 335,674 -167,523 -33.29 132,020 -27.81 0.3484
2023-05-15 2023-03-31 13F MASTERCARD INC CL A COMMON 57636Q104 503,197 -5,958 -1.17 182,867 103,214.12 0.4511
2023-02-13 2022-12-31 13F MASTERCARD INC CL A COMMON 57636Q104 509,155 -179 -0.04 177 -99.88 0.4662
2022-11-15 2022-09-30 13F MASTERCARD INC CL A COMMON 57636Q104 509,334 21,292 4.36 144,824 -5.94 0.4267
2022-08-08 2022-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 488,042 -20,367 -4.01 153,967 -15.26 0.4274
2022-05-13 2022-03-31 13F MASTERCARD INC CL A COMMON 57636Q104 508,409 -2,983 -0.58 181,695 -1.12 0.4490
2022-02-09 2021-12-31 13F MASTERCARD INC CL A COMMON 57636Q104 511,392 8,800 1.75 183,753 5.16 0.4296
2021-11-12 2021-09-30 13F MASTERCARD INC CL A COMMON 57636Q104 502,592 -16,177 -3.12 174,741 -7.74 0.4469
2021-08-11 2021-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 518,769 33,539 6.91 189,398 9.63 0.4923
2021-05-13 2021-03-31 13F MASTERCARD INC CL A COMMON 57636Q104 485,230 35,551 7.91 172,766 7.64 0.4845
2021-02-11 2020-12-31 13F MASTERCARD INC CL A COMMON 57636Q104 449,679 -8,577 -1.87 160,508 3.57 0.4798
2020-11-12 2020-09-30 13F MASTERCARD INC CL A COMMON 57636Q104 458,256 35,348 8.36 154,968 26.46 0.5309
2020-10-22 2020-06-30 13F/A-1 MASTERCARD INC CL A COMMON 57636Q104 422,908 26,019 6.56 122,539 27.81 0.4616
2020-08-14 2020-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 469,304 72,415 137,588 272,668.1564
2020-05-14 2020-03-31 13F MASTERCARD INC CL A COMMON 57636Q104 396,889 -93,063 -18.99 95,873 -34.47 0.4378
2020-02-14 2019-12-31 13F MASTERCARD INC CL A COMMON 57636Q104 489,952 -500 -0.10 146,294 12.75 0.5251
2019-11-14 2019-09-30 13F MASTERCARD INC CL A Common 57636Q104 490,452 6,547 1.35 129,754 1.36 0.5111
2019-08-14 2019-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 483,905 -4,396 -0.90 128,007 11.35 0.4977
2019-05-14 2019-03-31 13F MASTERCARD INC CL A COMMON 57636Q104 488,301 3,981 0.82 114,958 25.82 0.6722
2019-02-14 2018-12-31 13F MASTERCARD INC A COMMON 57636Q104 484,320 76,522 18.76 91,368 0.16 0.6202
2018-11-13 2018-09-30 13F Mastercard Inc Cl A COMMON 57636Q104 407,798 15,009 3.82 91,225 18.18 0.5716
2018-08-13 2018-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 392,789 15,234 4.03 77,191 16.72 0.5239
2018-05-14 2018-03-31 13F MASTERCARD INC CL A COMMON 57636Q104 377,555 -14,497 -3.70 66,134 11.45 0.4657
2018-02-09 2017-12-31 13F MASTERCARD INC CL A COMMON 57636Q104 392,052 -6,966 -1.75 59,341 5.32 0.4203
2017-11-14 2017-09-30 13F MASTERCARD INC CL A COMMON 57636Q104 399,018 -10,163 -2.48 56,342 13.38 0.4250
2017-08-14 2017-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 409,181 442 0.11 49,695 8.10 0.3893
2017-06-19 2017-03-31 13F/A-1 MASTERCARD INC CL A COMMON 57636Q104 408,739 43,842 12.01 45,971 22.02 0.3718
2017-05-09 2017-03-31 13F MASTERCARD INC CL A COMMON 57636Q104 408,739 45,971
2017-02-10 2016-12-31 13F MASTERCARD INC CL A COMMON 57636Q104 364,897 7,432 2.08 37,676 3.57 0.3271
2016-11-10 2016-09-30 13F MASTERCARD INC CL A COMMON 57636Q104 357,465 -33,566 -8.58 36,379 5.41 0.3259
2016-08-11 2016-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 391,031 -19,316 -4.71 34,512 -11.00 0.3165
2016-05-12 2016-03-31 13F MASTERCARD INC CL A COMMON 57636Q104 410,347 84,127 25.79 38,778 22.09 0.3710
2016-02-11 2015-12-31 13F MASTERCARD INC CL A COMMON 57636Q104 326,220 4,630 1.44 31,761 9.59 0.3177
2015-11-12 2015-09-30 13F MASTERCARD INC CL A COMMON 57636Q104 321,590 -13,204 -3.94 28,982 -7.39 0.3081
2015-08-14 2015-06-30 13F MASTERCARD INC CL A COMMON 57636Q104 334,794 334,794 31,296 0.3080
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.