Bornite Capital Management’s Mastercard MA Stock Holding History

Bornite Capital Management’s Portfolio MA Stock Details MA Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-25,000	Closed	-$14.2M	–	42
2025 Q3	$14.2M	Sell	25,000 -25,000	-50%	-$14.4M	1.32%	28
2025 Q2	$28.1M	Buy	50,000 +10,000	+25%	+$5.53M	2.81%	24
2025 Q1	$21.9M	Buy	+40,000	New	+$21.8M	5.65%	7
2024 Q3	–	Sell	-40,000	Closed	-$17.6M	–	54
2024 Q2	$17.6M	Buy	40,000 +10,000	+33%	+$4.56M	2.91%	7
2024 Q1	$14.4M	Buy	+30,000	New	+$13.7M	2.42%	17
2023 Q2	–	Sell	-25,000	Closed	-$9.09M	–	63
2023 Q1	$9.09M	Buy	+25,000	New	+$9.08M	3.08%	19
2022 Q3	–	Sell	-100,000	Closed	-$31.5M	–	25
2022 Q2	$31.5M	Buy	100,000 +40,000	+67%	+$13.8M	10.36%	3
2022 Q1	$21.4M	Buy	+60,000	New	+$21.6M	6.54%	3

Other funds holding MA

JSC

J. Stern & Co London, United Kingdom $1.03B AUM 20.71% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Mastercard Foundation Asset Management (MFAM) Toronto, Ontario, Canada $32.1B AUM 8.22% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return

Capital International Investors Los Angeles, California $427B AUM 29.17% 1-Year Est. Return

Bornite Capital Management's MA Position: Q4 2025 in Review

Bornite Capital Management sold out of Mastercard (MA) in Q4 2025, closing a stake of 25,000 shares — an estimated $14.2M sold.

Bornite Capital Management first reported a position in MA in Q1 2022 and held it in 8 quarters. The position peaked at $31.5M in Q2 2022. 3,725 funds tracked by Wall St. Rank hold MA as of Q4 2025.

Bornite Capital Management reported no remaining Mastercard position as of Q4 2025 after selling out during the quarter.
Bornite Capital Management sold 25,000 Mastercard shares in Q4 2025, an estimated $14.2M.
Bornite Capital Management first reported a position in Mastercard in Q1 2022 and held it in 8 quarters.
Bornite Capital Management's Mastercard position peaked at $31.5M in Q2 2022.
3,725 funds tracked by Wall St. Rank held Mastercard as of Q4 2025.

Based on Bornite Capital Management's 13F filing for Q4 2025, filed 13 Feb 2026.