Mastercard Foundation Reports 97.5M Share Stake in Mastercard Inc.

TL;DR

**Mastercard Foundation owns 97.5 million shares of Mastercard, a huge vote of confidence.**

AI Summary

Mastercard Foundation Asset Management Corporation, a Canadian entity, reported beneficial ownership of 97,543,508 shares of Mastercard Incorporated Class A common stock as of February 1, 2024. This represents a significant stake, giving the Foundation shared voting power over these shares. This matters to investors because a large, long-term holder like the Mastercard Foundation can influence corporate governance and strategic decisions, potentially signaling stability or future philanthropic initiatives tied to the company's success.

Why It Matters

This filing reveals a major institutional investor's substantial stake, indicating a long-term commitment to Mastercard and potential influence on its future direction.

Risk Assessment

Risk Level: low — The filing indicates a stable, large institutional holding, which generally reduces volatility and risk for other shareholders.

Analyst Insight

Smart investors should view this large, stable institutional holding as a positive signal, suggesting long-term confidence in Mastercard's business model and future prospects. It might encourage further research into Mastercard's fundamentals.

Key Numbers

• 97,543,508 — Shares Beneficially Owned (total Class A common stock shares held by Mastercard Foundation Asset Management Corporation)
• 57636Q 10 4 — CUSIP Number (unique identifier for Mastercard Incorporated Class A common stock)

Key Players & Entities

• Mastercard Foundation Asset Management Corporation (company) — the reporting person and beneficial owner
• Mastercard Incorporated (company) — the issuer of the securities
• Canada (person) — place of organization for the reporting person
• February 1, 2024 (person) — date of event requiring the filing

Forward-Looking Statements

• Mastercard Foundation Asset Management Corporation will maintain a significant stake in Mastercard Incorporated. (Mastercard Foundation Asset Management Corporation) — high confidence, target: 2025-02-07

FAQ

Filing Documents

• tm245482d1_sc13g.htm (SC 13G) — 29KB
• 0001104659-24-011687.txt ( ) — 30KB

(a)

Item 1(a). Name of Issuer: Mastercard Incorporated

(b)

Item 1(b). Address of Issuer’s Principal Executive Offices: 2000 Purchase Street Purchase, New York 10577

(a)

Item 2(a) Name of Person Filing: Mastercard Foundation Asset Management Corporation

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: 250 Yonge Street, Suite 2400 Toronto, Ontario M5B 2L7 Canada

(c)

Item 2(c). Citizenship: Mastercard Foundation Asset Management Corporation is incorporated under the federal laws of Canada.

(d)

Item 2(d). Title and Class of Securities: Class A common stock

(e)

Item 2(e). CUSIP Number: 57636Q 10 4 Item 3. Not applicable. Item 4. (a) Amount beneficially owned: See Row 9 of the cover page. (b) Percent of class: See Row 11 of the cover page. (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: See Row 5 of the cover page. (ii) Shared power to vote or to direct the vote: See Row 6 of the cover page. (iii) Sole power to dispose or to direct the disposition of: See Row 7 of the cover page. (iv) Shared power to dispose or to direct the disposition of: See Row 8 of the cover page. Item 5. Not Applicable. Item 6. Not Applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company. Not Applicable. Item 8. Identification and Classification of Members of the Group. Not Applicable. Item 9. Notice of Dissolution of Group. Not Applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a–11. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 7, 2024 Mastercard Foundation Asset Management Corporation By: /s/ Jennifer Newman Name: Jennifer Newman Title: Chief Operating Officer

View Full Filing

View this SC 13G filing on SEC EDGAR