Mastercard

MA • NYSE

Mastercard is a financial - credit services company in the financial services sector on NYSE, led by Michael Miebach, with a market cap of $486.99B. As of Q3 2025, 86% of shares are held by 3,399 institutional investors, with VANGUARD GROUP INC as the largest holder at 8.79%.

President & Chief Executive OfficerMichael Miebach

Market Cap$486.99B

Financial - Credit Services

Financial Services

Employees33.4K

Websitemastercard.com

Country

United States of America

Overview

Overview of institutional ownership in MA as of Q3 2025 with a market cap of $514.21B

All Institutions

Institutions: 3,399
Value Held: $441.71B
Shares Held: 776.7M
Avg Position: $130.0M
Median Position: $1.8M

Hedge Funds

Hedge Funds: 158
Value Held: $12.8B
Shares Held: 22.5M
Avg Position: $80.9M
Median Position: $8.1M

Ownership Breakdown

Institutional (non-HF)

83.41%

$428.92B

Hedge Funds

2.49%

$12.8B

Retail & Other

14.1%

$72.5B

Based on market cap of $514.21B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in MA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$45.2B 0.68% of portfolio	8.79% 79.4M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
M Mastercard Foundation Asset Management Corp Institution	-	$40.0B 92.28% of portfolio	7.78% 70.3M shares	Q4 2024 Held for 11 months	$43.3B
B BlackRock, Inc. Institution	-	$39.9B 0.70% of portfolio	7.76% 70.2M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$20.8B 0.72% of portfolio	4.05% 36.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$17.9B 1.14% of portfolio	3.47% 31.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T
FMR LLC Institution	-	$15.3B 0.79% of portfolio	2.97% 26.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$11.5B 0.74% of portfolio	2.25% 20.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
PRICE T ROWE ASSOCIATES INC /MD/ Long Only Manager	Robert W Sharps President	$11.3B 1.24% of portfolio	2.20% 19.9M shares	≤ Q2 2013 Held for 12y 5m+	$912.31B
C Capital International Investors Institution	-	$9.8B 1.59% of portfolio	1.90% 17.2M shares	Q2 2015 Held for 10y 5m	$615.90B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$9.1B 0.55% of portfolio	1.76% 15.9M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for MA in Q3 2025

Net Flow: −$14.2B
Buyers: 1,442
Sellers: 1,426
Total Bought: +$12.0B
Total Sold: −$26.1B
Avg Position: $129.4M

Biggest Buyers

Institution	Net Bought	Current Position
JPMORGAN CHASE & CO Institution	+$1.5B +2.6M shares	$17.9B 31.4M shares
FMR LLC Institution	+$1.2B +2.0M shares	$15.3B 26.9M shares
B BlackRock, Inc. Institution	+$836.0M +1.5M shares	$39.9B 70.2M shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$647.7M +1.1M shares	$1.1B 1.9M shares
STATE STREET CORP Institution	+$567.4M +997.5K shares	$20.8B 36.6M shares
GOLDMAN SACHS GROUP INC Institution	+$557.4M +979.9K shares	$3.6B 6.3M shares
VANGUARD GROUP INC Institution	+$543.5M +955.5K shares	$45.2B 79.4M shares
Capital Research Global Investors RIA/Wealth	+$358.3M +629.9K shares	$5.9B 10.3M shares
GEODE CAPITAL MANAGEMENT LLC ETF Provider	+$327.0M +576.7K shares	$11.5B 20.3M shares
Invesco Ltd. ETF Provider	+$192.9M +339.1K shares	$3.2B 5.7M shares

Biggest Sellers

Institution	Net Sold	Current Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	−$11.4B −20.3M shares	Sold Off 0 shares
M Mastercard Foundation Asset Management Corp Institution	−$2.8B −4.9M shares	$40.0B 70.3M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	−$904.0M −1.6M shares	$3.8B 6.6M shares
Q Qube Research & Technologies Ltd Institution	−$518.5M −911.5K shares	$165.3M 290.7K shares
A Assenagon Asset Management S.A. Institution	−$476.2M −837.1K shares	$55.2M 97.0K shares
JENNISON ASSOCIATES LLC Long Only Manager	−$445.5M −783.3K shares	$3.0B 5.3M shares
D D. E. Shaw & Co., Inc. Institution	−$445.3M −782.9K shares	$160.8M 282.7K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$420.9M −739.9K shares	$94.9M 166.8K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$363.9M −639.7K shares	$96.9M 170.3K shares
H HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Institution	−$298.4M −524.7K shares	$409.1M 719.1K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited MA in Q3 2025

New Positions: 63
New Value: $115.8M
Exited Positions: 132
Exited Value: $12.6B

New Positions

Institution	Position Value
L LGT CAPITAL PARTNERS LTD. Institution	$64.0M 112.5K shares
Ravenswood Partners LP Hedge Fund•Long/Short	$8.8M 15.4K shares
T TEMA ETFS LLC Institution	$8.5M 14.9K shares
SUMMIT WEALTH GROUP LLC / CO RIA/Wealth	$3.1M 8.0K shares
AGP FRANKLIN, LLC RIA/Wealth	$2.4M 4.2K shares
Weaver Capital Management LLC RIA/Wealth	$1.7M 3.1K shares
MMBG INVESTMENT ADVISORS CO. RIA/Wealth	$1.7M 3.0K shares
VIRTUE ASSET MANAGEMENT LLC RIA/Wealth	$1.4M 2.5K shares
MY PURPOSEFUL WEALTH CORP. RIA/Wealth	$1.3M 2.2K shares
S Stonegate Management LLC Institution	$1.2M 2.1K shares

Exited Positions

Institution	Previous Position
Kingstone Capital Partners Texas, LLC RIA/Wealth	$11.4B 20.3M shares
A AXA Institution	$198.3M 352.9K shares
C Cubist Systematic Strategies, LLC Institution	$96.6M 171.9K shares
Junto Capital Management LP Hedge Fund•Long/Short	$84.9M 151.1K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$72.7M 129.4K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$64.6M 115.0K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$56.9M 101.2K shares
U Unisphere Establishment Institution	$47.8M 85.0K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$42.7M 75.9K shares
B Blue Whale Capital LLP Institution	$33.4M 59.5K shares

Options Activity

Institutions with the largest Call and Put options positions in MA as of Q3 2025

Call Positions: 57
Call Value: $2.8B
Put Positions: 62
Put Value: $3.5B

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$829.3M 14.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$335.8M 5.9K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$275.2M 4.8K contracts
GOLDMAN SACHS GROUP INC Institution	$225.4M 4.0K contracts
J JANE STREET GROUP, LLC Institution	$212.1M 3.7K contracts
W WOLVERINE TRADING, LLC Institution	$152.9M 2.7K contracts
UBS Group AG Institution	$132.0M 2.3K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$72.5M 1.3K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$66.1M 1.2K contracts
R ROYAL BANK OF CANADA Institution	$48.3M 850.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$785.5M 13.8K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$409.4M 7.2K contracts
J JANE STREET GROUP, LLC Institution	$306.5M 5.4K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$296.6M 5.2K contracts
UBS Group AG Institution	$240.9M 4.2K contracts
W WOLVERINE TRADING, LLC Institution	$238.8M 4.2K contracts
GOLDMAN SACHS GROUP INC Institution	$180.3M 3.2K contracts
Artisan Partners Limited Partnership Long Only Manager	$132.4M 2.3K contracts
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$106.9M 1.9K contracts
BARCLAYS PLC Institution	$105.5M 1.9K contracts

Most Committed Institutions

Institutions with MA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
M Mastercard Foundation Asset Management Corp Institution	-	92.28% $40.0B	7.78% 70.3M shares	Q4 2024 Held for 11 months	$43.3B
S SANTA MONICA PARTNERS LP Institution	-	35.45% $58.1M	0.01% 102.2K shares	Q4 2017 Held for 7y 11m	$164.0M
F FARLEY CAPITAL II L.P. Hedge Fund•Value	Evelyn Allende CCO	28.35% $37.5M	0.01% 66.0K shares	Q4 2019 Held for 5y 11m	$132.3M
V Valley Forge Advisors, LLC Hedge Fund•Long/Short	Steven Gonedes CFO	20.32% $844.6M	0.16% 1.5M shares	Q4 2016 Held for 8y 11m	$4.2B
AKRE CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	John Hallmark Neff CEO	17.89% $1.8B	0.35% 3.2M shares	≤ Q2 2013 Held for 12y 5m+	$10.0B
S Settian Capital LP Institution	-	16.20% $23.8M	0.00% 41.9K shares	Q4 2021 Held for 3y 11m	$147.1M
14B Captial Management LP Hedge Fund•Long/Short	Ilya Nmn Zaides CIO	14.31% $24.5M	0.00% 43.0K shares	Q4 2023 Held for 1y 11m	$170.9M
G GARDNER RUSSO & GARDNER Hedge Fund•Value	Thomas Adrian Russo Chairman	13.57% $921.6M	0.18% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$6.8B
R Rothschild & Co Wealth Management UK Ltd Institution	-	12.61% $784.2M	0.15% 1.4M shares	Q2 2018 Held for 7y 5m	$6.2B
O OAKMONT CORP Family Office	Peter Weldon Carlton President	12.34% $69.1M	0.01% 121.4K shares	≤ Q2 2013 Held for 12y 5m+	$559.5M

Hedge Fund Spotlight

Discover hedge funds investing in MA

Bornite Capital Management LP

Hedge Fund • Long/Short

Portfolio ManagerDaniel A. Dreyfus

Portfolio Value: $1.0B
Positions: 34
Last Reported: Q3 2025

Sector Allocation

Position in Mastercard

Market Value: $14.2M
Shares Held: 25.0K
Portfolio Weight: 1.36%
Owned Since: 2025-Q1

Top Holding	Sector	Market Value	Weight
1 Ecolab ECL	Chemicals - Specialty Basic Materials	$68.5M	6.53%
2 Corning GLW	Hardware, Equipment & Parts Technology	$68.1M	6.49%
3 Talen Energy Corporation TLN	Unknown Unknown	$66.4M	6.33%