Vulcan Value Partners, LLC — MASTERCARD INCORPORATED MA: Quarterly 13F Position History
Vulcan Value Partners, LLC has reported MASTERCARD INCORPORATED (MA) on 40 13F-HR filings in Pactolio's tracked window, first appearing in Q2 2016. As of Q1 2026, the position is sized at 383,179 shares ($191.5M market value, 5.08% of the equity book). Quarter-over-quarter share count change: 66,015 (-14.7%) .
- 383,179Shares Held (Latest Filing)
- $191.5MReported Market Value (Latest Filing)
- 5.08%Portfolio Weight (% of 13F Equity Book)
- 66,015Quarter-over-Quarter Share Change
- -$64.9MQuarter-over-Quarter Value Change
- 4,068,894Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 40 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 383,179 | 66,015 | -14.7% | $191.5M | 5.08% | $499.66 |
| Q4 2025 | 449,194 | 17,028 | -3.7% | $256.4M | 4.71% | $570.82 |
| Q3 2025 | 466,222 | +28,331 | +6.5% | $265.2M | 4.81% | $568.90 |
| Q2 2025 | 437,891 | 136,454 | -23.8% | $253.8M | 4.47% | $579.60 |
| Q1 2025 | 574,345 | 80,800 | -12.3% | $314.8M | 5.91% | $548.13 |
| Q4 2024 | 655,145 | +11,466 | +1.8% | $344.9M | 5.77% | $526.47 |
| Q3 2024 | 643,679 | 45,319 | -6.6% | $317.8M | 5.32% | $493.80 |
| Q2 2024 | 688,998 | 14,199 | -2.0% | $303.9M | 4.64% | $441.07 |
| Q1 2024 | 703,197 | 40,444 | -5.4% | $338.6M | 4.92% | $481.49 |
| Q4 2023 | 743,641 | 70,679 | -8.7% | $317.1M | 4.65% | $426.39 |
| Q3 2023 | 814,320 | 218,500 | -21.2% | $322.4M | 4.91% | $395.91 |
| Q2 2023 | 1,032,820 | 58,729 | -5.4% | $406.2M | 5.10% | $393.32 |
| Q1 2023 | 1,091,549 | 310,519 | -22.1% | $396.8M | 5.02% | $363.52 |
| Q4 2022 | 1,402,068 | 283,871 | -16.8% | $487.5M | 6.55% | $347.70 |
| Q3 2022 | 1,685,939 | 780,710 | -31.7% | $479.4M | 5.61% | $284.34 |
| Q2 2022 | 2,466,649 | 758,870 | -23.5% | $778.2M | 7.61% | $315.48 |
| Q1 2022 | 3,225,519 | 752,674 | -18.9% | $1.15B | 7.07% | $357.38 |
| Q4 2021 | 3,978,193 | +119,194 | +3.1% | $1.43B | 7.31% | $359.32 |
| Q3 2021 | 3,858,999 | +235,046 | +6.5% | $1.34B | 7.21% | $347.68 |
| Q2 2021 | 3,623,953 | 53,231 | -1.4% | $1.32B | 7.17% | $365.09 |
| Q1 2021 | 3,677,184 | +391,455 | +11.9% | $1.31B | 7.73% | $356.05 |
| Q4 2020 | 3,285,729 | +390,154 | +13.5% | $1.17B | 7.58% | $356.94 |
| Q3 2020 | 2,895,575 | 59,964 | -2.0% | $979.2M | 7.62% | $338.17 |
| Q2 2020 | 2,955,539 | +1,056,225 | +55.6% | $874.0M | 6.88% | $295.70 |
| Q1 2020 | 1,899,314 | 299,298 | -13.6% | $458.8M | 4.76% | $241.56 |
| Q4 2019 | 2,198,612 | +441,202 | +25.1% | $656.5M | 5.04% | $298.59 |
| Q3 2019 | 1,757,410 | +162,619 | +10.2% | $477.3M | 4.04% | $271.57 |
| Q2 2019 | 1,594,791 | 1,683,390 | -51.4% | $421.9M | 3.75% | $264.53 |
| Q1 2019 | 3,278,181 | 393,792 | -10.7% | $771.8M | 7.09% | $235.45 |
| Q4 2018 | 3,671,973 | +1,005,477 | +37.7% | $692.7M | 6.39% | $188.65 |
| Q3 2018 | 2,666,496 | 186,878 | -6.5% | $593.6M | 4.33% | $222.61 |
| Q2 2018 | 2,853,374 | 324,037 | -10.2% | $560.7M | 4.34% | $196.52 |
| Q1 2018 | 3,177,411 | 301,201 | -8.7% | $556.6M | 4.48% | $175.16 |
| Q4 2017 | 3,478,612 | 400,017 | -10.3% | $526.5M | 4.31% | $151.36 |
| Q3 2017 | 3,878,629 | 190,265 | -4.7% | $547.7M | 4.69% | $141.20 |
| Q2 2017 | 4,068,894 | +203,261 | +5.3% | $494.2M | 4.40% | $121.45 |
| Q1 2017 | 3,865,633 | +41,950 | +1.1% | $434.8M | 3.75% | $112.47 |
| Q4 2016 | 3,823,683 | 94,704 | -2.4% | $394.8M | 3.52% | $103.25 |
| Q3 2016 | 3,918,387 | 115,345 | -2.9% | $398.8M | 3.66% | $101.77 |
| Q2 2016 | 4,033,732 | — | — | $355.2M | 3.49% | $88.06 |
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 Vulcan Value Partners, LLC first disclose a MA position in 13F-HR filings?
Vulcan Value Partners, LLC first reported MASTERCARD INCORPORATED (MA) on its 13F-HR filing for the period ending 2016-06-30 (Q2 2016). The position has appeared on 40 reported quarters within Pactolio's tracked window.
What was Vulcan Value Partners, LLC's most recent quarter-over-quarter share-count change in MA?
Between Q4 2025 and Q1 2026, Vulcan Value Partners, LLC reduced its MA position by 66,015 shares (-14.7%), leaving 383,179 shares at a market value of $191.5M.
Does the implied price-per-share represent Vulcan Value 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.