Triple Frond Partners LLC: MASTERCARD INCORPORATED (MA): Quarterly 13F Position History
As of Q1 2026, Triple Frond Partners LLC reported 175,472 shares of MASTERCARD INCORPORATED (MA), worth $87.7M and representing 9.1% of its 13F equity book. Quarter-over-quarter share count change: + 175,472 (re-initiated) . The position first appeared in Q4 2016 and has been disclosed across 38 13F-HR filings in Pactolio's tracked window.
- 175,472Shares Held (Latest Filing)
- $87.7MReported Market Value (Latest Filing)
- 9.1%Portfolio Weight (% of 13F Equity Book)
- +175,472Quarter-over-Quarter Share Change
- +$87.7MQuarter-over-Quarter Value Change
- 277,500Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 38 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 175,472 | +175,472 | — | $87.7M | 9.1% | $499.7 |
| Q4 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2025 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2024 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2023 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2022 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q3 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q2 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q1 2021 | 0 | 0 | — | $0 | 0.0% | — |
| Q4 2020 | 0 | 199,425 | -100.0% | $0 | 0.0% | — |
| Q3 2020 | 199,425 | 78,075 | -28.1% | $67.4M | 5.7% | $338.2 |
| Q2 2020 | 277,500 | 0 | — | $82.1M | 7.9% | $295.7 |
| Q1 2020 | 277,500 | +42,500 | +18.1% | $67.0M | 7.5% | $241.6 |
| Q4 2019 | 235,000 | 36,300 | -13.4% | $70.2M | 6.0% | $298.6 |
| Q3 2019 | 271,300 | 0 | — | $73.7M | 7.1% | $271.6 |
| Q2 2019 | 271,300 | 0 | — | $71.8M | 7.3% | $264.5 |
| Q1 2019 | 271,300 | +26,300 | +10.7% | $63.9M | 7.4% | $235.5 |
| Q4 2018 | 245,000 | +59,000 | +31.7% | $46.2M | 5.7% | $188.6 |
| Q3 2018 | 186,000 | 0 | — | $41.4M | 4.3% | $222.6 |
| Q2 2018 | 186,000 | 0 | — | $36.6M | 3.9% | $196.5 |
| Q1 2018 | 186,000 | 0 | — | $32.6M | 3.7% | $175.2 |
| Q4 2017 | 186,000 | 0 | — | $28.2M | 3.2% | $151.4 |
| Q3 2017 | 186,000 | 0 | — | $26.3M | 3.2% | $141.2 |
| Q2 2017 | 186,000 | 0 | — | $22.6M | 3.0% | $121.5 |
| Q1 2017 | 186,000 | 0 | — | $20.9M | 2.8% | $112.5 |
| Q4 2016 | 186,000 | — | — | $19.2M | 2.8% | $103.3 |
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 Triple Frond Partners LLC first disclose a MA position in 13F-HR filings?
Triple Frond Partners LLC first reported MASTERCARD INCORPORATED (MA) on its 13F-HR filing for the period ending 2016-12-31 (Q4 2016). The position has appeared on 38 reported quarters within Pactolio's tracked window.
What was Triple Frond Partners LLC's most recent quarter-over-quarter share-count change in MA?
Between Q4 2025 and Q1 2026, Triple Frond Partners LLC added 175,472 shares of MA (re-initiated), bringing the total reported position to 175,472 shares at a market value of $87.7M.
Does the implied price-per-share represent Triple Frond Partners 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.