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

From the Filing

0001104659-24-011687.txt : 20240207 0001104659-24-011687.hdr.sgml : 20240207 20240207172023 ACCESSION NUMBER: 0001104659-24-011687 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240207 DATE AS OF CHANGE: 20240207 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Mastercard Inc CENTRAL INDEX KEY: 0001141391 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 134172551 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-79600 FILM NUMBER: 24605864 BUSINESS ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 BUSINESS PHONE: 9142492000 MAIL ADDRESS: STREET 1: 2000 PURCHASE STREET CITY: PURCHASE STATE: NY ZIP: 10577 FORMER COMPANY: FORMER CONFORMED NAME: MASTERCARD INC DATE OF NAME CHANGE: 20010525 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Mastercard Foundation Asset Management Corp CENTRAL INDEX KEY: 0002006397 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: Z4 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 250 YONGE STREET STREET 2: SUITE 2400 CITY: TORONTO STATE: A6 ZIP: M5B 2L7 BUSINESS PHONE: 416-409-4496 MAIL ADDRESS: STREET 1: 250 YONGE STREET STREET 2: SUITE 2400 CITY: TORONTO STATE: A6 ZIP: M5B 2L7 SC 13G 1 tm245482d1_sc13g.htm SC 13G SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (Rule 13d-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13d-1(b), (c), AND (d) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2 (AMENDMENT NO. )* Mastercard Incorporated (Name of Issuer) Class A common stock (Title of Class of Securities) 57636Q 10 4 (CUSIP Number) February 1, 2024 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ¨ Rule 13d-1(b) x Rule 13d-1(c) ¨ Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). 1 NAMES OF REPORTING PERSONS Mastercard Foundation Asset Management Corporation (1) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS): (a) ¨ (b) ¨ 3 SEC USE ONLY: 4 CITIZENSHIP OR PLACE OF ORGANIZATION: Canada 5 SOLE VOTING POWER: 0 NUMBER OF SHARES 6 SHARED VOTING POWER: BENEFICIALLY OWNED 97,543,508 BY EACH REPORTING 7 SOLE DISPOSITIVE POWER: PERSON WITH 0 8 SHARED DISPOSITIVE POWER: 97,543,508 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 97,543,508 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS) ¨ 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 10.5% (2) 12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS) CO (1) Information presented for Mastercard Foundation Asset Management Corporation (“MFAM”) is as of February 1, 2024, the date on which MFAM, a wholly owned subsidiary of Mastercard Foundation, became the investment manager for shares of Class A common stock of Mastercard Incorporated (“Class A Common Stock”) directly held by Mastercard Foundation. (2) Based on the number of shares outstanding of Class A Common Stock as of October 23, 2023, which was the most recent publicly available information prior to February 1, 2024. Item 1(a). Name of Issuer: Mastercard Incorporated Item 1(b). Address of Issuer’s Princip