GARDNER RUSSO & QUINN LLC — MASTERCARD INCORPORATED MA: Quarterly 13F Position History
GARDNER RUSSO & QUINN LLC has reported MASTERCARD INCORPORATED (MA) on 41 13F-HR filings in Pactolio's tracked window, first appearing in Q1 2016. As of Q1 2026, the position is sized at 1,555,141 shares ($777.0M market value, 9.15% of the equity book). Quarter-over-quarter share count change: 30,858 (-1.9%) .
- 1,555,141Shares Held (Latest Filing)
- $777.0MReported Market Value (Latest Filing)
- 9.15%Portfolio Weight (% of 13F Equity Book)
- 30,858Quarter-over-Quarter Share Change
- -$128.4MQuarter-over-Quarter Value Change
- 9,775,132Peak 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 | 1,555,141 | 30,858 | -1.9% | $777.0M | 9.15% | $499.66 |
| Q4 2025 | 1,585,999 | 34,273 | -2.1% | $905.4M | 9.77% | $570.88 |
| Q3 2025 | 1,620,272 | 62,779 | -3.7% | $921.6M | 9.88% | $568.81 |
| Q2 2025 | 1,683,051 | 33,323 | -1.9% | $945.8M | 10.05% | $561.94 |
| Q1 2025 | 1,716,374 | 168,290 | -8.9% | $940.8M | 10.55% | $548.12 |
| Q4 2024 | 1,884,664 | 126,644 | -6.3% | $992.4M | 11.22% | $526.57 |
| Q3 2024 | 2,011,308 | 45,042 | -2.2% | $993.2M | 10.20% | $493.80 |
| Q2 2024 | 2,056,350 | 43,948 | -2.1% | $907.2M | 9.58% | $441.16 |
| Q1 2024 | 2,100,298 | 201,991 | -8.8% | $1.01B | 10.38% | $481.57 |
| Q4 2023 | 2,302,289 | 80,680 | -3.4% | $981.9M | 10.01% | $426.51 |
| Q3 2023 | 2,382,969 | 34,289 | -1.4% | $943.4M | 10.29% | $395.91 |
| Q2 2023 | 2,417,258 | 57,590 | -2.3% | $950.7M | 9.39% | $393.30 |
| Q1 2023 | 2,474,848 | 22,900 | -0.9% | $899.4M | 9.33% | $363.41 |
| Q4 2022 | 2,497,748 | 164,100 | -6.2% | $868.5M | 9.59% | $347.73 |
| Q3 2022 | 2,661,848 | 44,937 | -1.7% | $756.9M | 9.16% | $284.34 |
| Q2 2022 | 2,706,785 | 91,434 | -3.3% | $853.9M | 9.55% | $315.48 |
| Q1 2022 | 2,798,219 | 259,994 | -8.5% | $1.00B | 9.62% | $357.38 |
| Q4 2021 | 3,058,213 | 97,659 | -3.1% | $1.10B | 9.80% | $359.32 |
| Q3 2021 | 3,155,872 | 252,166 | -7.4% | $1.10B | 10.11% | $347.68 |
| Q2 2021 | 3,408,038 | 166,202 | -4.6% | $1.24B | 10.51% | $365.09 |
| Q1 2021 | 3,574,240 | 755,866 | -17.5% | $1.27B | 11.61% | $356.05 |
| Q4 2020 | 4,330,106 | 561,354 | -11.5% | $1.55B | 14.02% | $356.94 |
| Q3 2020 | 4,891,460 | 515,610 | -9.5% | $1.65B | 16.07% | $338.17 |
| Q2 2020 | 5,407,070 | 570,486 | -9.5% | $1.60B | 16.24% | $295.70 |
| Q1 2020 | 5,977,556 | 402,903 | -6.3% | $1.44B | 14.60% | $241.56 |
| Q4 2019 | 6,380,459 | 291,741 | -4.4% | $1.91B | 14.61% | $298.59 |
| Q3 2019 | 6,672,200 | 242,751 | -3.5% | $1.81B | 14.11% | $271.57 |
| Q2 2019 | 6,914,951 | 521,695 | -7.0% | $1.83B | 13.91% | $264.53 |
| Q1 2019 | 7,436,646 | 641,156 | -7.9% | $1.75B | 13.60% | $235.45 |
| Q4 2018 | 8,077,802 | 273,552 | -3.3% | $1.52B | 12.65% | $188.65 |
| Q3 2018 | 8,351,354 | 308,279 | -3.6% | $1.86B | 13.44% | $222.61 |
| Q2 2018 | 8,659,633 | 286,997 | -3.2% | $1.70B | 12.42% | $196.52 |
| Q1 2018 | 8,946,630 | 199,678 | -2.2% | $1.57B | 10.93% | $175.16 |
| Q4 2017 | 9,146,308 | 355,480 | -3.7% | $1.38B | 9.53% | $151.36 |
| Q3 2017 | 9,501,788 | 56,917 | -0.6% | $1.34B | 9.49% | $141.20 |
| Q2 2017 | 9,558,705 | +33,159 | +0.3% | $1.16B | 8.57% | $121.45 |
| Q1 2017 | 9,525,546 | 77,668 | -0.8% | $1.07B | 8.29% | $112.47 |
| Q4 2016 | 9,603,214 | 171,918 | -1.8% | $991.5M | 8.39% | $103.25 |
| Q3 2016 | 9,775,132 | +35,581 | +0.4% | $994.8M | 8.28% | $101.77 |
| Q2 2016 | 9,739,551 | +14,081 | +0.1% | $857.7M | 7.18% | $88.06 |
| Q1 2016 | 9,725,470 | — | — | $919.1M | 7.77% | $94.50 |
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 GARDNER RUSSO & QUINN LLC first disclose a MA position in 13F-HR filings?
GARDNER RUSSO & QUINN 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 GARDNER RUSSO & QUINN LLC's most recent quarter-over-quarter share-count change in MA?
Between Q4 2025 and Q1 2026, GARDNER RUSSO & QUINN LLC reduced its MA position by 30,858 shares (-1.9%), leaving 1,555,141 shares at a market value of $777.0M.
Does the implied price-per-share represent GARDNER RUSSO & QUINN 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.