AKRE CAPITAL MANAGEMENT LLC: MASTERCARD INCORPORATED (MA): Quarterly 13F Position History
As of Q1 2026, AKRE CAPITAL MANAGEMENT LLC reported 2,281,106 shares of MASTERCARD INCORPORATED (MA), worth $1.1B and representing 18.6% of its 13F equity book. Quarter-over-quarter share count change: 724,174 (-24.1%) . The position first appeared in Q1 2016 and has been disclosed across 41 13F-HR filings in Pactolio's tracked window.
- 2,281,106Shares Held (Latest Filing)
- $1.1BReported Market Value (Latest Filing)
- 18.6%Portfolio Weight (% of 13F Equity Book)
- 724,174Quarter-over-Quarter Share Change
- -$575.9MQuarter-over-Quarter Value Change
- 5,891,226Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 41 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 2,281,106 | 724,174 | -24.1% | $1.1B | 18.6% | $499.7 |
| Q4 2025 | 3,005,280 | 150,314 | -4.8% | $1.7B | 18.8% | $570.9 |
| Q3 2025 | 3,155,594 | 139,692 | -4.2% | $1.8B | 17.9% | $568.8 |
| Q2 2025 | 3,295,286 | 35,790 | -1.1% | $1.9B | 18.1% | $561.9 |
| Q1 2025 | 3,331,076 | 372,663 | -10.1% | $1.8B | 17.6% | $548.1 |
| Q4 2024 | 3,703,739 | 216,853 | -5.5% | $2.0B | 16.9% | $526.6 |
| Q3 2024 | 3,920,592 | 118,757 | -2.9% | $1.9B | 16.1% | $493.8 |
| Q2 2024 | 4,039,349 | 570,943 | -12.4% | $1.8B | 15.7% | $441.2 |
| Q1 2024 | 4,610,292 | 451,542 | -8.9% | $2.2B | 18.4% | $481.6 |
| Q4 2023 | 5,061,834 | 788,927 | -13.5% | $2.2B | 18.2% | $426.5 |
| Q3 2023 | 5,850,761 | 18,698 | -0.3% | $2.3B | 21.3% | $395.9 |
| Q2 2023 | 5,869,459 | 0 | — | $2.3B | 19.2% | $393.3 |
| Q1 2023 | 5,869,459 | +3,433 | +0.1% | $2.1B | 18.8% | $363.4 |
| Q4 2022 | 5,866,026 | 25,200 | -0.4% | $2.0B | 18.5% | $347.7 |
| Q3 2022 | 5,891,226 | +27,985 | +0.5% | $1.7B | 14.8% | $284.3 |
| Q2 2022 | 5,863,241 | +8,090 | +0.1% | $1.8B | 14.8% | $315.5 |
| Q1 2022 | 5,855,151 | 6,040 | -0.1% | $2.1B | 14.5% | $357.4 |
| Q4 2021 | 5,861,191 | +2,775 | +0.0% | $2.1B | 12.2% | $359.3 |
| Q3 2021 | 5,858,416 | 8,094 | -0.1% | $2.0B | 12.5% | $347.7 |
| Q2 2021 | 5,866,510 | 5,640 | -0.1% | $2.1B | 13.2% | $365.1 |
| Q1 2021 | 5,872,150 | 8,055 | -0.1% | $2.1B | 14.2% | $356.1 |
| Q4 2020 | 5,880,205 | 1,347 | -0.0% | $2.1B | 14.2% | $356.9 |
| Q3 2020 | 5,881,552 | 2,310 | -0.0% | $2.0B | 14.0% | $338.2 |
| Q2 2020 | 5,883,862 | +97,575 | +1.7% | $1.7B | 13.1% | $295.7 |
| Q1 2020 | 5,786,287 | +459,438 | +8.6% | $1.4B | 13.6% | $241.6 |
| Q4 2019 | 5,326,849 | 295 | -0.0% | $1.6B | 14.6% | $298.6 |
| Q3 2019 | 5,327,144 | 455 | -0.0% | $1.4B | 14.3% | $271.6 |
| Q2 2019 | 5,327,599 | 316 | -0.0% | $1.4B | 14.3% | $264.5 |
| Q1 2019 | 5,327,915 | +900 | +0.0% | $1.3B | 13.2% | $235.5 |
| Q4 2018 | 5,327,015 | 150 | -0.0% | $1.0B | 12.7% | $188.6 |
| Q3 2018 | 5,327,165 | 2,506 | -0.0% | $1.2B | 13.8% | $222.6 |
| Q2 2018 | 5,329,671 | +6,890 | +0.1% | $1.0B | 13.2% | $196.5 |
| Q1 2018 | 5,322,781 | 6,276 | -0.1% | $932.3M | 12.2% | $175.2 |
| Q4 2017 | 5,329,057 | +3,973 | +0.1% | $806.6M | 11.2% | $151.4 |
| Q3 2017 | 5,325,084 | 20,315 | -0.4% | $751.9M | 11.0% | $141.2 |
| Q2 2017 | 5,345,399 | +16,216 | +0.3% | $649.2M | 10.6% | $121.5 |
| Q1 2017 | 5,329,183 | +627,792 | +13.4% | $599.4M | 9.9% | $112.5 |
| Q4 2016 | 4,701,391 | 5,697 | -0.1% | $485.4M | 8.9% | $103.3 |
| Q3 2016 | 4,707,088 | 1,550 | -0.0% | $479.0M | 9.2% | $101.8 |
| Q2 2016 | 4,708,638 | 4,873 | -0.1% | $448.5M | 8.6% | $95.2 |
| Q1 2016 | 4,713,511 | — | — | $445.4M | 9.4% | $94.5 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did AKRE CAPITAL MANAGEMENT LLC first disclose a MA position in 13F-HR filings?
AKRE CAPITAL MANAGEMENT LLC first reported MASTERCARD INCORPORATED (MA) on its 13F-HR filing for the period ending 2016-03-31 (Q1 2016). The position has appeared on 41 reported quarters within Pactolio's tracked window.
What was AKRE CAPITAL MANAGEMENT LLC's most recent quarter-over-quarter share-count change in MA?
Between Q4 2025 and Q1 2026, AKRE CAPITAL MANAGEMENT LLC reduced its MA position by 724,174 shares (-24.1%), leaving 2,281,106 shares at a market value of $1.1B.
Does the implied price-per-share represent AKRE CAPITAL MANAGEMENT LLC's cost basis in MA?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.