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Mastercard Foundation Asset Management (MFAM) Portfolio holdings
AUM
$32.1B
1-Year Est. Return
8.22%
This Fund
S&P 500
This Quarter
Est. Return
+0.34%
1 Year Est. Return
-8.22%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$41.1B
AUM Growth
-$2.24B
(-5.2%)
Cap. Flow
-$2.38B
Cap. Flow
% of AUM
-5.79%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
4
New
–
Increased
–
Reduced
2
Closed
1
Top Buys
No buys this quarter
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
iShares Core US Aggregate Bond ETF
AGG
|
+$1.49B |
| 2 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$786M |
| 3 |
Mastercard
MA
|
+$104M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 97.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Mastercard
MA
$500B
| $40B | 97.4% |
70,121,630
-185,974
| -0.3% | -$104M |
|
2
Vanguard Total Bond Market
BND
$158B
| $656M | 1.6% |
8,862,905
| – | – |
|
|
3
iShares Core US Aggregate Bond ETF
AGG
$138B
| $412M | 1% |
4,125,631
-14,840,000
| -78% | -$1.49B |
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$819B
| – | – |
-1,179,487
| Closed | -$786M |
|
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Mastercard Foundation Asset Management (MFAM)'s Q4 2025 Portfolio in Review
As of Q4 2025, Mastercard Foundation Asset Management (MFAM) held 4 positions worth $41.1B, down 5.2% from $43.3B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Mastercard Foundation Asset Management (MFAM) withdrew a net $2.38B in Q4 2025, closing 1 position and reducing 2 holdings. Its most notable exit was State Street SPDR S&P 500 ETF Trust, an estimated $786M position sold in full.
By sector, the portfolio is most concentrated in Financials at 97% of assets, up from 92% a quarter earlier.
- Mastercard Foundation Asset Management (MFAM)'s biggest Q4 2025 reduction was iShares Core US Aggregate Bond ETF, cutting an estimated $1.49B.
- Mastercard Foundation Asset Management (MFAM) fully exited State Street SPDR S&P 500 ETF Trust in Q4 2025, selling an estimated $786M.
- Mastercard Foundation Asset Management (MFAM)'s ten largest holdings make up 100% of its $41.1B portfolio in Q4 2025.
- Mastercard Foundation Asset Management (MFAM) opened 0 new positions and closed 1 in Q4 2025.
- Mastercard Foundation Asset Management (MFAM)'s portfolio value fell 5.2% quarter-over-quarter to $41.1B.
Based on Mastercard Foundation Asset Management (MFAM)'s 13F filing for Q4 2025, filed 23 Jan 2026.