POLEN CAPITAL MANAGEMENT LLC: MASTERCARD INCORPORATED (MA): Quarterly 13F Position History
As of Q1 2026, POLEN CAPITAL MANAGEMENT LLC reported 1,541,388 shares of MASTERCARD INCORPORATED (MA), worth $770.2M and representing 5.3% of its 13F equity book. Quarter-over-quarter share count change: 590,339 (-27.7%) . The position first appeared in Q1 2016 and has been disclosed across 41 13F-HR filings in Pactolio's tracked window.
- 1,541,388Shares Held (Latest Filing)
- $770.2MReported Market Value (Latest Filing)
- 5.3%Portfolio Weight (% of 13F Equity Book)
- 590,339Quarter-over-Quarter Share Change
- -$446.8MQuarter-over-Quarter Value Change
- 8,021,640Peak 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 | 1,541,388 | 590,339 | -27.7% | $770.2M | 5.3% | $499.7 |
| Q4 2025 | 2,131,727 | 609,516 | -22.2% | $1.2B | 5.2% | $570.9 |
| Q3 2025 | 2,741,243 | 250,805 | -8.4% | $1.6B | 5.1% | $568.8 |
| Q2 2025 | 2,992,048 | 219,161 | -6.8% | $1.7B | 5.2% | $561.9 |
| Q1 2025 | 3,211,209 | 281,257 | -8.1% | $1.8B | 5.5% | $548.1 |
| Q4 2024 | 3,492,466 | 340,889 | -8.9% | $1.8B | 5.0% | $526.6 |
| Q3 2024 | 3,833,355 | 406,640 | -9.6% | $1.9B | 4.9% | $493.8 |
| Q2 2024 | 4,239,995 | 229,587 | -5.1% | $1.9B | 4.7% | $441.2 |
| Q1 2024 | 4,469,582 | 176,845 | -3.8% | $2.2B | 5.0% | $481.6 |
| Q4 2023 | 4,646,427 | 151,599 | -3.2% | $2.0B | 4.8% | $426.5 |
| Q3 2023 | 4,798,026 | 184,861 | -3.7% | $1.9B | 5.0% | $395.9 |
| Q2 2023 | 4,982,887 | 177,370 | -3.4% | $2.0B | 4.9% | $393.3 |
| Q1 2023 | 5,160,257 | 129,291 | -2.4% | $1.9B | 4.9% | $363.4 |
| Q4 2022 | 5,289,548 | 861,968 | -14.0% | $1.8B | 5.4% | $347.7 |
| Q3 2022 | 6,151,516 | 1,490,828 | -19.5% | $1.7B | 4.9% | $284.3 |
| Q2 2022 | 7,642,344 | 290,226 | -3.7% | $2.4B | 6.4% | $315.5 |
| Q1 2022 | 7,932,570 | 89,070 | -1.1% | $2.8B | 5.5% | $357.4 |
| Q4 2021 | 8,021,640 | +379,273 | +5.0% | $2.9B | 4.8% | $359.3 |
| Q3 2021 | 7,642,367 | +1,484,878 | +24.1% | $2.7B | 4.9% | $347.7 |
| Q2 2021 | 6,157,489 | +301,360 | +5.1% | $2.2B | 4.3% | $365.1 |
| Q1 2021 | 5,856,129 | +76,012 | +1.3% | $2.1B | 4.7% | $356.1 |
| Q4 2020 | 5,780,117 | +185,803 | +3.3% | $2.1B | 4.8% | $356.9 |
| Q3 2020 | 5,594,314 | +108,677 | +2.0% | $1.9B | 5.1% | $338.2 |
| Q2 2020 | 5,485,637 | +551,407 | +11.2% | $1.6B | 4.9% | $295.7 |
| Q1 2020 | 4,934,230 | +211,381 | +4.5% | $1.2B | 5.2% | $241.6 |
| Q4 2019 | 4,722,849 | +157,840 | +3.5% | $1.4B | 5.6% | $298.6 |
| Q3 2019 | 4,565,009 | +172,942 | +3.9% | $1.2B | 5.7% | $271.6 |
| Q2 2019 | 4,392,067 | +1,744,262 | +65.9% | $1.2B | 5.6% | $264.5 |
| Q1 2019 | 2,647,805 | +134,658 | +5.4% | $623.4M | 3.3% | $235.5 |
| Q4 2018 | 2,513,147 | +704,133 | +38.9% | $474.1M | 3.1% | $188.6 |
| Q3 2018 | 1,809,014 | 608,809 | -25.2% | $402.7M | 2.3% | $222.6 |
| Q2 2018 | 2,417,823 | +40,770 | +1.7% | $475.2M | 3.1% | $196.5 |
| Q1 2018 | 2,377,053 | +29,538 | +1.3% | $416.4M | 3.0% | $175.2 |
| Q4 2017 | 2,347,515 | +27,384 | +1.2% | $355.3M | 2.6% | $151.4 |
| Q3 2017 | 2,320,131 | +40,712 | +1.8% | $327.6M | 2.6% | $141.2 |
| Q2 2017 | 2,279,419 | +187,506 | +9.0% | $276.8M | 2.4% | $121.4 |
| Q1 2017 | 2,091,913 | +148,285 | +7.6% | $235.3M | 2.2% | $112.5 |
| Q4 2016 | 1,943,628 | +165,756 | +9.3% | $200.7M | 2.2% | $103.3 |
| Q3 2016 | 1,777,872 | +53,722 | +3.1% | $180.9M | 2.2% | $101.8 |
| Q2 2016 | 1,724,150 | +180,769 | +11.7% | $151.8M | 1.9% | $88.1 |
| Q1 2016 | 1,543,381 | — | — | $145.8M | 2.0% | $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 POLEN CAPITAL MANAGEMENT LLC first disclose a MA position in 13F-HR filings?
POLEN 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 POLEN CAPITAL MANAGEMENT LLC's most recent quarter-over-quarter share-count change in MA?
Between Q4 2025 and Q1 2026, POLEN CAPITAL MANAGEMENT LLC reduced its MA position by 590,339 shares (-27.7%), leaving 1,541,388 shares at a market value of $770.2M.
Does the implied price-per-share represent POLEN 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.