Mastercard Incorporated
MX ˙ BMV ˙ US57636Q1040
SecurityMX:MA / Mastercard Incorporated
InstitutionUtah Retirement Systems
Latest Disclosed Ownership130,792 shares
Latest Disclosed Value $ 65,351,531
Utah Retirement Systems reports 2.36% decrease in ownership of MA / Mastercard Incorporated

On May 15, 2026 - Utah Retirement Systems filed a 13F-HR form disclosing ownership of 130,792 shares of Mastercard Incorporated (MX:MA) valued at $65,351,531 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 17, 2026 disclosing 133,958 shares of Mastercard Incorporated. This represents a change in shares of -2.36% 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)
2026-05-15 2026-03-31 13F MASTERCARD CL A 57636Q104 130,792 -3,166 -2.36 65,352 -14.54 0.6679
2026-02-17 2025-12-31 13F MASTERCARD CL A 57636Q104 133,958 -510 -0.38 76,474 -0.02 0.7276
2025-11-14 2025-09-30 13F MASTERCARD CL A 57636Q104 134,468 178 0.13 76,487 1.36 0.7429
2025-08-14 2025-06-30 13F MASTERCARD CL A 57636Q104 134,290 -772 -0.57 75,463 1.93 0.7880
2025-05-15 2025-03-31 13F MASTERCARD CL A 57636Q104 135,062 -179 -0.13 74,030 3.96 0.8540
2025-02-14 2024-12-31 13F MASTERCARD CL A 57636Q104 135,241 -1,547 -1.13 71,214 5.43 0.7845
2024-11-14 2024-09-30 13F MASTERCARD CL A 57636Q104 136,788 600 0.44 67,546 12.43 0.7621
2024-08-14 2024-06-30 13F MASTERCARD CL A 57636Q104 136,188 -7,897 -5.48 60,081 -13.41 0.7134
2024-05-15 2024-03-31 13F MASTERCARD CL A 57636Q104 144,085 -8 -0.01 69,387 12.90 0.8113
2024-02-14 2023-12-31 13F MASTERCARD CL A 57636Q104 144,093 -629 -0.43 61,457 7.26 0.7827
2023-11-14 2023-09-30 13F MASTERCARD CL A 57636Q104 144,722 699 0.49 57,297 1.15 0.8189
2023-08-14 2023-06-30 13F MASTERCARD CL A 57636Q104 144,023 -7,562 -4.99 56,644 2.83 0.7854
2023-05-16 2023-03-31 13F MASTERCARD CL A 57636Q104 151,585 469 0.31 55,088 4.83 0.7966
2023-02-15 2022-12-31 13F MASTERCARD CL A 57636Q104 151,116 -3,200 -2.07 52,548 19.76 0.8333
2022-11-14 2022-09-30 13F MASTERCARD CL A 57636Q104 154,316 779 0.51 43,878 -9.41 0.7316
2022-08-16 2022-06-30 13F MASTERCARD CL A 57636Q104 153,537 -600 -0.39 48,438 -12.07 0.7755
2022-05-13 2022-03-31 13F MASTERCARD CL A 57636Q104 154,137 -4,644 -2.92 55,085 -3.45 0.7331
2022-02-14 2021-12-31 13F MASTERCARD CL A 57636Q104 158,781 363 0.23 57,053 3.59 0.7050
2021-11-16 2021-09-30 13F MASTERCARD CL A 57636Q104 158,418 -8,400 -5.04 55,078 -9.57 0.7447
2021-08-16 2021-06-30 13F MASTERCARD CL A 57636Q104 166,818 -2,665 -1.57 60,904 0.93 0.7840
2021-05-17 2021-03-31 13F MASTERCARD CL A 57636Q104 169,483 -7,500 -4.24 60,345 -4.48 0.8411
2021-02-16 2020-12-31 13F MASTERCARD CL A 57636Q104 176,983 7,700 4.55 63,172 10.35 0.8966
2020-11-16 2020-09-30 13F MASTERCARD CL A 57636Q104 169,283 1,100 0.65 57,246 15.11 0.9502
2020-08-13 2020-06-30 13F/A-1 MASTERCARD CL A 57636Q104 168,183 -1,000 -0.59 49,731 21.69 0.9128
2020-08-13 2020-06-30 13F MASTERCARD CL A 57636Q104 168,183 -1,000 49,731 912,765.0554
2020-05-15 2020-03-31 13F MASTERCARD CL A 57636Q104 169,183 0 0.00 40,868 -19.10 0.8841
2020-02-12 2019-12-31 13F MASTERCARD CL A 57636Q104 169,183 -1,500 -0.88 50,516 8.98 0.8880
2019-11-14 2019-09-30 13F MASTERCARD CL A 57636Q104 170,683 200 0.12 46,352 2.78 0.8820
2019-08-14 2019-06-30 13F MASTERCARD CL A 57636Q104 170,483 -1,208 -0.70 45,097 11.56 0.8637
2019-05-15 2019-03-31 13F MASTERCARD CL A 57636Q104 171,691 311 0.18 40,424 25.04 0.8011
2019-02-08 2018-12-31 13F MASTERCARD CL A 57636Q104 171,380 400 0.23 32,330 -15.06 0.7310
2018-11-13 2018-09-30 13F MASTERCARD CL A 57636Q104 170,980 800 0.47 38,061 13.81 0.7373
2018-08-10 2018-06-30 13F MASTERCARD CL A 57636Q104 170,180 -2,600 -1.50 33,444 10.51 0.6922
2018-05-15 2018-03-31 13F MASTERCARD CL A 57636Q104 172,780 -2,500 -1.43 30,264 14.07 0.6438
2018-02-14 2017-12-31 13F MASTERCARD CL A 57636Q104 175,280 2,300 1.33 26,531 8.63 0.5576
2017-11-13 2017-09-30 13F MASTERCARD CL A 57636Q104 172,980 200 0.12 24,424 16.39 0.5493
2017-08-08 2017-06-30 13F MASTERCARD CL A 57636Q104 172,780 -3,900 -2.21 20,985 5.61 0.4891
2017-05-11 2017-03-31 13F MASTERCARD CL A 57636Q104 176,680 100 0.06 19,871 8.99 0.4753
2017-02-10 2016-12-31 13F MASTERCARD CL A 57636Q104 176,580 0 0.00 18,232 1.46 0.4586
2016-11-07 2016-09-30 13F MASTERCARD CL A 57636Q104 176,580 0 0.00 17,970 15.56 0.4651
2016-08-03 2016-06-30 13F MASTERCARD CL A 57636Q104 176,580 -3,400 -1.89 15,550 -8.58 0.4144
2016-05-10 2016-03-31 13F MASTERCARD CL A 57636Q104 179,980 600 0.33 17,009 -2.61 0.4612
2016-02-11 2015-12-31 13F MASTERCARD CL A 57636Q104 179,380 300 0.17 17,465 8.22 0.4735
2015-11-03 2015-09-30 13F MASTERCARD CL A 57636Q104 179,080 1,000 0.56 16,139 -3.05 0.4621
2015-08-11 2015-06-30 13F MASTERCARD CL A 57636Q104 178,080 -1,600 -0.89 16,647 7.25 0.4424
2015-05-14 2015-03-31 13F MASTERCARD CL A 57636Q104 179,680 5,700 3.28 15,522 3.55 0.4078
2015-02-11 2014-12-31 13F MASTERCARD CL A 57636Q104 173,980 0 0.00 14,990 16.55 0.4121
2014-11-06 2014-09-30 13F MASTERCARD CL A 57636Q104 173,980 -400 -0.23 12,861 0.39 0.3688
2014-08-08 2014-06-30 13F MASTERCARD CL A 57636Q104 174,380 -35,500 -16.91 12,811 -18.29 0.3670
2014-05-08 2014-03-31 13F MASTERCARD CL A 57636Q104 209,880 189,052 907.68 15,678 -9.90 0.4522
2014-02-05 2013-12-31 13F MASTERCARD CL A 57636Q104 20,828 0 0.00 17,401 24.18 0.5148
2013-11-06 2013-09-30 13F MASTERCARD CL A 57636Q104 20,828 -200 -0.95 14,013 16.00 0.4534
2013-08-02 2013-06-30 13F MASTERCARD CL A 57636Q104 21,028 21,028 12,080 0.4081
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.