MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM's Holding History (CIK: 0000938076)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 724,237 Value ($000) $413,452 Avg Close $558.95 Range $524.70 - $585.31

Q3 2025

Shares 745,075 Value ($000) $423,806 Avg Close $573.47 Range $545.13 - $600.98

Q2 2025

Shares 789,153 Value ($000) $443,457 Avg Close $551.47 Range $463.61 - $593.12

Q1 2025

Shares 795,613 Value ($000) $436,091 Avg Close $542.01 Range $497.80 - $579.76

Q4 2024

Shares 798,613 Value ($000) $420,526 Avg Close $514.68 Range $486.24 - $534.63

Q3 2024

Shares 799,755 Value ($000) $394,919 Avg Close $461.72 Range $425.84 - $498.27

Q2 2024

Shares 811,475 Value ($000) $357,990 Avg Close $451.62 Range $433.19 - $478.53

Q1 2024

Shares 941,209 Value ($000) $342,045 Avg Close $452.59 Range $412.22 - $485.16

Q4 2023

Shares 889,100 Value ($000) $379,210 Avg Close $397.11 Range $355.66 - $423.46

Q3 2023

Shares 904,348 Value ($000) $358,040 Avg Close $396.22 Range $381.45 - $413.22

Q2 2023

Shares 901,481 Value ($000) $354,552 Avg Close $369.85 Range $350.88 - $389.52

Q1 2023

Shares 941,209 Value ($000) $342,045 Avg Close $357.45 Range $334.82 - $383.83

Q4 2022

Shares 951,719 Value ($000) $330,941 Avg Close $323.40 Range $272.05 - $362.83

Q3 2022

Shares 971,929 Value ($000) $276,358 Avg Close $325.17 Range $276.34 - $355.07

Q2 2022

Shares 977,425 Value ($000) $308,358 Avg Close $337.29 Range $297.42 - $374.14

Q1 2022

Shares 1,016,960 Value ($000) $363,441 Avg Close $351.61 Range $298.93 - $391.17

Q4 2021

Shares 1,053,150 Value ($000) $378,418 Avg Close $337.80 Range $298.92 - $362.54

Q3 2021

Shares 1,060,044 Value ($000) $368,556 Avg Close $354.74 Range $327.44 - $385.64

Q2 2021

Shares 1,093,426 Value ($000) $399,199 Avg Close $362.28 Range $345.76 - $391.25

Q1 2021

Shares 1,130,478 Value ($000) $402,507 Avg Close $339.57 Range $304.04 - $379.11

Q4 2020

Shares 1,178,868 Value ($000) $420,785 Avg Close $323.35 Range $273.35 - $349.38

Q3 2020

Shares 1,193,052 Value ($000) $403,454 Avg Close $315.67 Range $280.27 - $356.58

Q2 2020

Shares 1,203,330 Value ($000) $355,825 Avg Close $273.34 Range $219.87 - $306.47

Q1 2020

Shares 1,199,674 Value ($000) $289,793 Avg Close $287.82 Range $193.62 - $336.19

Q4 2019

Shares 1,190,917 Value ($000) $355,596 Avg Close $272.58 Range $249.95 - $291.54

Q3 2019

Shares 1,206,667 Value ($000) $327,695 Avg Close $266.10 Range $245.19 - $283.62

Q2 2019

Shares 1,225,378 Value ($000) $324,149 Avg Close $241.35 Range $224.85 - $260.28

Q1 2019

Shares 1,260,732 Value ($000) $296,839 Avg Close $207.20 Range $174.02 - $228.35

Q4 2018

Shares 1,268,522 Value ($000) $239,307 Avg Close $190.92 Range $165.28 - $216.43

Q3 2018

Shares 1,277,009 Value ($000) $284,275 Avg Close $200.34 Range $186.80 - $215.48

Q2 2018

Shares 1,300,002 Value ($000) $255,476 Avg Close $180.31 Range $160.86 - $195.68

Q1 2018

Shares 1,295,400 Value ($000) $226,902 Avg Close $163.70 Range $144.52 - $175.98

Q4 2017

Shares 1,331,984 Value ($000) $201,609 Avg Close $142.19 Range $134.47 - $147.90

Q3 2017

Shares 1,394,849 Value ($000) $196,953 Avg Close $126.35 Range $115.06 - $137.11

Q2 2017

Shares 1,420,169 Value ($000) $172,480 Avg Close $113.06 Range $105.80 - $120.27

Q1 2017

Shares 1,413,988 Value ($000) $159,031 Avg Close $104.26 Range $98.83 - $107.97

Q4 2016

Shares 1,422,325 Value ($000) $146,855 Avg Close $98.27 Range $94.46 - $103.40

Q3 2016

Shares 1,413,004 Value ($000) $143,801 Avg Close $90.84 Range $82.10 - $96.94

Q2 2016

Shares 1,434,441 Value ($000) $126,317 Avg Close $90.26 Range $82.81 - $94.54

Q1 2016

Shares 1,235,693 Value ($000) $116,773 Avg Close $83.42 Range $74.09 - $90.24

Q4 2015

Shares 1,256,777 Value ($000) $122,360 Avg Close $92.19 Range $83.59 - $95.82

Q3 2015

Shares 1,292,724 Value ($000) $116,500 Avg Close $88.30 Range $70.14 - $93.23

Q2 2015

Shares 1,287,247 Value ($000) $120,332 Avg Close $86.11 Range $79.97 - $90.38

Q1 2015

Shares 1,376,184 Value ($000) $118,889 Avg Close $81.25 Range $74.77 - $87.12

Q4 2014

Shares 1,517,485 Value ($000) $130,747 Avg Close $76.31 Range $65.11 - $84.02

Q3 2014

Shares 1,529,197 Value ($000) $113,038 Avg Close $71.09 Range $68.75 - $73.96

Q2 2014

Shares 1,624,957 Value ($000) $119,386 Avg Close $69.24 Range $64.02 - $72.61

Q1 2014

Shares 1,773,571 Value ($000) $132,486 Avg Close $72.72 Range $66.78 - $78.88

Q4 2013

Shares 193,790 Value ($000) $161,904 Avg Close $69.03 Range $60.18 - $78.03

Q3 2013

Shares 200,058 Value ($000) $134,595 Avg Close $58.30 Range $52.66 - $64.55

Q2 2013

Shares 198,356 Value ($000) $113,956 Avg Close $51.54 Range $48.11 - $54.91

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	724,237	$413,452	$558.95	$524.70 - $585.31
Q3 2025	745,075	$423,806	$573.47	$545.13 - $600.98
Q2 2025	789,153	$443,457	$551.47	$463.61 - $593.12
Q1 2025	795,613	$436,091	$542.01	$497.80 - $579.76
Q4 2024	798,613	$420,526	$514.68	$486.24 - $534.63
Q3 2024	799,755	$394,919	$461.72	$425.84 - $498.27
Q2 2024	811,475	$357,990	$451.62	$433.19 - $478.53
Q1 2024	941,209	$342,045	$452.59	$412.22 - $485.16
Q4 2023	889,100	$379,210	$397.11	$355.66 - $423.46
Q3 2023	904,348	$358,040	$396.22	$381.45 - $413.22
Q2 2023	901,481	$354,552	$369.85	$350.88 - $389.52
Q1 2023	941,209	$342,045	$357.45	$334.82 - $383.83
Q4 2022	951,719	$330,941	$323.40	$272.05 - $362.83
Q3 2022	971,929	$276,358	$325.17	$276.34 - $355.07
Q2 2022	977,425	$308,358	$337.29	$297.42 - $374.14
Q1 2022	1,016,960	$363,441	$351.61	$298.93 - $391.17
Q4 2021	1,053,150	$378,418	$337.80	$298.92 - $362.54
Q3 2021	1,060,044	$368,556	$354.74	$327.44 - $385.64
Q2 2021	1,093,426	$399,199	$362.28	$345.76 - $391.25
Q1 2021	1,130,478	$402,507	$339.57	$304.04 - $379.11
Q4 2020	1,178,868	$420,785	$323.35	$273.35 - $349.38
Q3 2020	1,193,052	$403,454	$315.67	$280.27 - $356.58
Q2 2020	1,203,330	$355,825	$273.34	$219.87 - $306.47
Q1 2020	1,199,674	$289,793	$287.82	$193.62 - $336.19
Q4 2019	1,190,917	$355,596	$272.58	$249.95 - $291.54
Q3 2019	1,206,667	$327,695	$266.10	$245.19 - $283.62
Q2 2019	1,225,378	$324,149	$241.35	$224.85 - $260.28
Q1 2019	1,260,732	$296,839	$207.20	$174.02 - $228.35
Q4 2018	1,268,522	$239,307	$190.92	$165.28 - $216.43
Q3 2018	1,277,009	$284,275	$200.34	$186.80 - $215.48
Q2 2018	1,300,002	$255,476	$180.31	$160.86 - $195.68
Q1 2018	1,295,400	$226,902	$163.70	$144.52 - $175.98
Q4 2017	1,331,984	$201,609	$142.19	$134.47 - $147.90
Q3 2017	1,394,849	$196,953	$126.35	$115.06 - $137.11
Q2 2017	1,420,169	$172,480	$113.06	$105.80 - $120.27
Q1 2017	1,413,988	$159,031	$104.26	$98.83 - $107.97
Q4 2016	1,422,325	$146,855	$98.27	$94.46 - $103.40
Q3 2016	1,413,004	$143,801	$90.84	$82.10 - $96.94
Q2 2016	1,434,441	$126,317	$90.26	$82.81 - $94.54
Q1 2016	1,235,693	$116,773	$83.42	$74.09 - $90.24
Q4 2015	1,256,777	$122,360	$92.19	$83.59 - $95.82
Q3 2015	1,292,724	$116,500	$88.30	$70.14 - $93.23
Q2 2015	1,287,247	$120,332	$86.11	$79.97 - $90.38
Q1 2015	1,376,184	$118,889	$81.25	$74.77 - $87.12
Q4 2014	1,517,485	$130,747	$76.31	$65.11 - $84.02
Q3 2014	1,529,197	$113,038	$71.09	$68.75 - $73.96
Q2 2014	1,624,957	$119,386	$69.24	$64.02 - $72.61
Q1 2014	1,773,571	$132,486	$72.72	$66.78 - $78.88
Q4 2013	193,790	$161,904	$69.03	$60.18 - $78.03
Q3 2013	200,058	$134,595	$58.30	$52.66 - $64.55
Q2 2013	198,356	$113,956	$51.54	$48.11 - $54.91