← Holdings
MA

MASTERCARD INCORPORATED

10 managers · $3.7B total
Data: SEC EDGAR 13F · 2026Q1
Manager holders · last 4 qtrsⓘ
10
2025Q2 – 2026Q1 · -1 QoQ
Total position
$3.7B
Combined value across tracked managers
Net move this quarter
↓ Trimming
Weighted by holders' share change
HolderQ actionValue% of port.Style
AkreⓘTrim-24.1%$1.1B18.58%Quality compounders / Three-legged stool
PolenⓘTrim-27.69%$770M5.33%Quality growth / GARP concentrated
Valley ForgeHold$743M22.02%Ultra-concentrated / Quality growth
Baillie GiffordⓘTrim-6.7%$683M0.7%Long-term growth / Global allocation
EgertonTrim-20.92%$187M1.8%Global growth-value
MarkelHold$104M0.87%Insurance float / Long-term value
MarathonAdd+7.83%$36M1.4%Capital cycle / Contrarian value
GivernyⓘTrim-2.41%$14M0.51%Long-term growth-value
Horizon KineticsⓘHold$10M0.11%Contrarian / Real assets
AKOAdd+55.42%$0M1.52%Quality growth / Concentrated long-term
What managers sayⓘ
2026-07-15Akre Capital ManagementBullAkre Focus ETF Quarterly CommentaryDetail →
2026-04-23Scottish Mortgage (Baillie Gifford)NeutralPrivate Investor Forum 2026: Investing in great growth companiesDetail →
2026-01-02Patient Capital ManagementNeutral4Q25 Quarterly Market ReviewDetail →
2025-08-05Horizon KineticsBear2nd Quarter 2025 CommentaryDetail →
2024-03-31Oakmark FundsNeutralNavigating market highs and (avoiding) value traps - U.S. equity market commentary 1Q24Detail →
2023-05-31Bireme CapitalNeutralAirtel AfricaDetail →
2022-12-31Oakmark FundsBullBill Nygren Market Commentary | 4Q22Detail →
2016-03-31Oakmark FundsBullBill Nygren Market Commentary | 1Q16Detail →
Earnings Callsⓘ
Q1 2026April 30, 2026
›
Mastercard Q1 results beat expectations, with net revenue up 12% year over year, driven primarily by healthy consumer spending and strong execution.
Net revenue up 12%, net income up 15%, cross-border transaction volume up 13%.
Business developments: Launched Agent Pay and Verifiable Intent to set the standard for AI agent payments; announced the acquisition of stablecoin infrastructure BVNK; won major client contracts including CIB Egypt, Westpac, and Amazon SME; VAS business up 18% with robust cybersecurity demand.
Q2 net revenue growth is expected in the low end of the low double digits, significantly impacted by the Middle East conflict; full-year guidance remains at the high end of low double digits (currency neutral).
Positive signal: accelerated share buybacks reflect management’s confidence in long-term growth; negative signal: the Middle East conflict is putting notable pressure on cross-border travel in Q2.
Q4 2026January 29, 2026
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FinancialsⓘFY2025 · Source: SEC EDGAR 10-K

5y revenue CAGR 2% · latest net margin 45.6% · FCF consistently positive

Revenue$32.8B
Rev. YoY+16.4%
Gross margin—
Net margin45.6%
Net income$15.0B
Free cash flow$17.2B
Operating cash flow$17.6B
ROE193.5%

Source: SEC EDGAR company filings (10-K). Foreign issuers (20-F/IFRS) not yet covered.