마스터카드 법인
MX ˙ BMV ˙ US57636Q1040
SecurityMX:MA / Mastercard Incorporated
InstitutionSpence Asset Management
Latest Disclosed Ownership47,380 shares
Latest Disclosed Value $ 23,674
Spence Asset Management reports 30.45% decrease in ownership of MA / Mastercard Incorporated

On April 14, 2026 - Spence Asset Management filed a 13F-HR form disclosing ownership of 47,380 shares of Mastercard Incorporated (MX:MA) valued at $23,674 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 9, 2026 disclosing 68,124 shares of Mastercard Incorporated. This represents a change in shares of -30.45% 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)
2026-04-14 2026-03-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 47,380 -20,744 -30.45 24 -39.47 5.6848
2026-01-09 2025-12-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 68,124 -1,030 -1.49 39 -2.56 7.9462
2025-10-14 2025-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 69,154 -252 -0.36 39 0.00 8.2166
2025-07-11 2025-06-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 69,406 107 0.15 39 5.41 7.9733
2025-04-24 2025-03-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 69,299 545 0.79 38 2.78 9.4544
2025-01-07 2024-12-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 68,754 -424 -0.61 36 5.88 7.9000
2024-10-09 2024-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 69,178 -47,165 -40.54 34 13.33 8.2898
2024-07-10 2024-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 116,343 47,383 68.71 31 -9.09 7.6378
2024-04-08 2024-03-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 68,960 -88 -0.13 33 13.79 8.4093
2024-01-03 2023-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 69,048 -21 -0.03 29 7.41 8.0306
2023-10-11 2023-09-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 69,069 -432 -0.62 27 0.00 8.4140
2023-07-06 2023-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 69,501 436 0.63 27 -99.89 7.6575
2023-04-05 2023-03-31 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 69,065 -33,250 -32.50 25,099 71,611.43 8.0191
2023-01-05 2022-12-31 13F/A-1 MASTERCARD INCORPORATED CL A COM 57636Q104 102,315 -306 -0.30 36 -99.88 12.1044
2023-01-05 2022-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 102,195 -426 36 12.1048
2022-10-04 2022-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 102,621 -988 -0.95 29,180 -10.73 10.2265
2022-07-07 2022-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 103,609 -306 -0.29 32,687 -11.98 10.6894
2022-04-06 2022-03-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 103,915 -1,238 -1.18 37,137 -1.71 9.9930
2022-01-05 2021-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 105,153 4,167 4.13 37,784 7.61 9.3526
2021-10-06 2021-09-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 100,986 22,710 29.01 35,111 22.86 9.3357
2021-07-07 2021-06-30 13F MASTERCARD INCORPORATED CL A COM 57636Q104 78,276 1,589 2.07 28,578 4.66 6.8691
2021-04-06 2021-03-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 76,687 756 1.00 27,305 0.75 7.8999
2021-01-06 2020-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 75,931 1,322 1.77 27,103 7.42 7.8979
2020-10-02 2020-09-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 74,609 1,863 2.56 25,231 17.73 8.4914
2020-07-06 2020-06-30 13F MASTERCARD INCORPORATED CL A Stock 57636Q104 72,746 576 0.80 21,431 22.93 8.1258
2020-05-01 2020-03-31 13F MASTERCARD INC CL A COM 57636Q104 72,170 1,924 2.74 17,433 -16.89 9.0037
2020-01-06 2019-12-31 13F MASTERCARD INC CL A COM 57636Q104 70,246 -1,149 -1.61 20,975 8.18 10.1897
2019-10-07 2019-09-30 13F MASTERCARD INC CL A COM 57636Q104 71,395 3,308 4.86 19,389 7.65 10.2381
2019-07-09 2019-06-30 13F MASTERCARD INC CL A COM 57636Q104 68,087 -1,381 -1.99 18,011 10.12 10.2308
2019-04-02 2019-03-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 69,468 -493 -0.70 16,356 23.93 9.6402
2019-01-09 2018-12-31 13F MASTERCARD INCORPORATED CL A COM 57636Q104 69,961 1,452 2.12 13,198 -13.46 9.4722
2018-10-09 2018-09-30 13F Mastercard COM 57636Q104 68,509 7,378 12.07 15,251 26.94 9.6210
2018-07-06 2018-06-30 13F Mastercard COM 57636Q104 61,131 1,725 2.90 12,014 15.45 9.1173
2018-04-11 2018-03-31 13F Mastercard COM 57636Q104 59,406 -252 -0.42 10,406 15.24 8.3365
2018-01-25 2017-12-31 13F Mastercard COM 57636Q104 59,658 59,658 9,030 8.5124
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.