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Mastercard: which funds bought and sold

Institutions that bought and sold Mastercard shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 1,525 institutions that filed 13F reports for both quarters added to or opened positions in Mastercard, and 1,699 cut or closed them. Together they sold a net 7.3M shares, −0.9% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 2.9M shares (+1.7%); index fund managers were net buyers of 11K shares (+0.0%). 164 opened a new position and 162 sold out entirely.

Bought, Q2 2026 1,525 institutions, 164 of them new holders Sold, Q2 2026 1,699 institutions, 162 of them sold out
Net change, all compared −7.3M shares (−0.9%)
Net change, active managers +2.9M shares (+1.7%), 72 bought, 87 sold

Buyers versus sellers

institutions compared, 3,682
Active managers and hedge funds 72 bought · 87 sold · +2.9M
Index fund managers 6 bought · 6 sold · +11K
Other institutions 1,447 bought · 1,606 sold · −10.2M

Biggest buyers

by change in shares held
Institution Change in shares Shares June 30, 2026 Value
Pershing Square Inc. Hedge fund +2.1M New position 2.1M $1.1B
Eagle Capital Management LLC Active manager +2.1M +329.5% 2.7M $1.4B
Assenagon Asset Management S.A. +1.5M +691.6% 1.7M $883M
DZ Bank AG Deutsche Zentral Genossenschafts Bank, Frankfurt Am Main +1.4M +107.9% 2.7M $1.4B
T. Rowe Price Investment Management, Inc. Active manager +1.4M +64.9% 3.4M $1.8B
Fundsmith LLP Active manager +1.2M New position 1.2M $639M
Grantham, Mayo, Van Otterloo & Co. LLC Active manager +868K +91.3% 1.8M $934M
D. E. Shaw & Co., Inc. Hedge fund +851K +74.9% 2.0M $1B
DNB Asset Management As +827K +75.5% 1.9M $988M
Arrowstreet Capital, Limited Partnership Hedge fund +570K +15.6% 4.2M $2.2B
Deutsche Bank Ag\ +552K +17.7% 3.7M $1.9B
Ameriprise Financial Inc +514K +11.4% 5.0M $2.6B
Invesco Ltd. +499K +9.4% 5.8M $3B
State Street Corp Index funds +486K +1.3% 37.0M $19B
Geode Capital Management, LLC Index funds +441K +2.1% 21.5M $11B
Qube Research & Technologies Ltd Hedge fund +419K +115.3% 782K $402M
Jane Street Group, LLC +409K +1778.1% 432K $222M
Charles Schwab Investment Management Inc Index funds +406K +6.8% 6.4M $3.3B
Fundsmith Investment Services Ltd. +393K New position 393K $202M
Point72 Asset Management, L.P. Hedge fund +387K +504.5% 464K $238M

Biggest sellers

by change in shares held
Institution Change in shares Shares June 30, 2026 Value
Mastercard Foundation Asset Management Corp −4.9M −7.5% 60.3M $31B
Jpmorgan Chase & Co −4.4M −13.6% 28.2M $14.4B
Capital Research Global Investors Active manager −2.3M −16.3% 11.6M $6B
Nuveen, LLC −1.2M −15.0% 7.0M $3.6B
Canada Pension Plan Investment Board −1.1M −29.2% 2.8M $1.4B
Holocene Advisors, LP Hedge fund −764K −94.9% 41K $21M
American Century Companies Inc Active manager −648K −12.1% 4.7M $2.4B
Blackrock, Inc. Index funds −618K −0.9% 66.4M $34.1B
Barclays PLC −588K −22.7% 2.0M $1B
Capital World Investors Active manager −580K −14.7% 3.4M $1.7B
Rathbones Group PLC −533K −52.2% 488K $250M
Bank Of New York Mellon Corp −441K −5.9% 7.0M $3.6B
Farallon Capital Management, L.L.C. Hedge fund −435K Sold out 0 —
Marex Group Ltd −424K −76.8% 128K $65.7M
Valley Forge Capital Management, LP Hedge fund −422K −28.3% 1.1M $547M
FMR LLC Active manager −420K −1.7% 23.8M $12.2B
Polen Capital Management LLC Active manager −399K −25.9% 1.1M $587M
Bank Julius Baer & Co. Ltd, Zurich −384K −31.4% 840K $431M
Royal Bank Of Canada −367K −7.5% 4.5M $2.3B
Magellan Asset Management Ltd Active manager −348K −59.5% 237K $122M

New positions

largest by value
InstitutionSharesValue June 30, 2026
Pershing Square Inc.Hedge fund 2.1M $1.1B
Fundsmith LLPActive manager 1.2M $639M
Fundsmith Investment Services Ltd. 393K $202M
Susquehanna Fundamental Investments, LLC 132K $67.6M
Logan Capital Management Inc 89K $45.6M
CTC LLC 78K $40.3M
Lighthouse Investment Partners, LLCHedge fund 76K $39.2M
Bornite Capital Management LP 75K $38.5M
Route One Investment Company, L.P.Hedge fund 71K $36.2M
Centerbook Partners LPHedge fund 51K $26.3M

Sold out

largest by value
InstitutionSharesValue March 31, 2026
Farallon Capital Management, L.L.C.Hedge fund 435K $217M
Renaissance Technologies LLCHedge fund 195K $97.3M
Ilex Capital Partners (UK) LLP 113K $56.3M
Junto Capital Management LPHedge fund 111K $55.3M
Nearwater Capital Markets, Ltd 109K $54.5M
Ontario Teachers Pension Plan Board 108K $53.8M
Two Creeks Capital Management, LP 91K $45.3M
Rokos Capital Management LLPHedge fund 89K $44.3M
Meridiem Capital Partners LP 89K $44.3M
Teewinot Capital Advisers, L.L.C. 88K $43.8M

Who holds the shares

13F holdings at June 30, 2026
Institutions reporting
3,570
Ten largest holders
44.3%
of 13F-reported shares
Index fund managers
28.2%
of 13F-reported shares
Active managers and hedge funds
22.7%
of 13F-reported shares
Buying and selling by type of institution, March 31, 2026 to June 30, 2026
TypeBoughtSoldNewSold outNet change in sharesNet %
Active managers and hedge funds 72 87 13 14 +2.9M +1.7%
Index fund managers 6 6 0 0 +11K +0.0%
Other institutions 1,447 1,606 151 148 −10.2M −2.7%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

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