MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

ADAGE CAPITAL PARTNERS GP, L.L.C.'s Holding History (CIK: 0001165408)

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

Q4 2025

Shares 730,560 Value ($000) $417,062 Avg Close $558.95 Range $524.70 - $585.31

Q3 2025

Shares 746,610 Value ($000) $424,679 Avg Close $573.47 Range $545.13 - $600.98

Q2 2025

Shares 725,310 Value ($000) $407,581 Avg Close $551.47 Range $463.61 - $593.12

Q1 2025

Shares 721,710 Value ($000) $395,584 Avg Close $542.01 Range $497.80 - $579.76

Q4 2024

Shares 746,410 Value ($000) $393,037 Avg Close $514.68 Range $486.24 - $534.63

Q3 2024

Shares 837,710 Value ($000) $413,661 Avg Close $461.72 Range $425.84 - $498.27

Q2 2024

Shares 832,010 Value ($000) $367,050 Avg Close $451.62 Range $433.19 - $478.53

Q1 2024

Shares 864,810 Value ($000) $416,467 Avg Close $452.59 Range $412.22 - $485.16

Q4 2023

Shares 909,910 Value ($000) $388,086 Avg Close $397.11 Range $355.66 - $423.46

Q3 2023

Shares 963,110 Value ($000) $381,305 Avg Close $396.22 Range $381.45 - $413.22

Q2 2023

Shares 824,410 Value ($000) $324,240 Avg Close $369.85 Range $350.88 - $389.52

Q1 2023

Shares 844,910 Value ($000) $307,049 Avg Close $357.45 Range $334.82 - $383.83

Q4 2022

Shares 863,510 Value ($000) $300,268 Avg Close $323.40 Range $272.05 - $362.83

Q3 2022

Shares 869,410 Value ($000) $247,208 Avg Close $325.17 Range $276.34 - $355.07

Q2 2022

Shares 958,810 Value ($000) $302,485 Avg Close $337.29 Range $297.42 - $374.14

Q1 2022

Shares 925,610 Value ($000) $330,795 Avg Close $351.61 Range $298.93 - $391.17

Q4 2021

Shares 1,008,310 Value ($000) $362,306 Avg Close $337.80 Range $298.92 - $362.54

Q3 2021

Shares 980,110 Value ($000) $340,765 Avg Close $354.74 Range $327.44 - $385.64

Q2 2021

Shares 1,030,010 Value ($000) $376,046 Avg Close $362.28 Range $345.76 - $391.25

Q1 2021

Shares 1,003,410 Value ($000) $357,264 Avg Close $339.57 Range $304.04 - $379.11

Q4 2020

Shares 979,110 Value ($000) $349,484 Avg Close $323.35 Range $273.35 - $349.38

Q3 2020

Shares 977,710 Value ($000) $330,632 Avg Close $315.67 Range $280.27 - $356.58

Q2 2020

Shares 934,310 Value ($000) $276,275 Avg Close $273.34 Range $219.87 - $306.47

Q1 2020

Shares 996,210 Value ($000) $240,644 Avg Close $287.82 Range $193.62 - $336.19

Q4 2019

Shares 1,234,410 Value ($000) $368,582 Avg Close $272.58 Range $249.95 - $291.54

Q3 2019

Shares 1,348,610 Value ($000) $366,242 Avg Close $266.10 Range $245.19 - $283.62

Q2 2019

Shares 1,425,610 Value ($000) $377,117 Avg Close $241.35 Range $224.85 - $260.28

Q1 2019

Shares 1,453,010 Value ($000) $342,111 Avg Close $207.20 Range $174.02 - $228.35

Q4 2018

Shares 1,305,010 Value ($000) $246,190 Avg Close $190.92 Range $165.28 - $216.43

Q3 2018

Shares 1,262,610 Value ($000) $281,070 Avg Close $200.34 Range $186.80 - $215.48

Q2 2018

Shares 1,382,110 Value ($000) $271,612 Avg Close $180.31 Range $160.86 - $195.68

Q1 2018

Shares 1,476,610 Value ($000) $258,643 Avg Close $163.70 Range $144.52 - $175.98

Q4 2017

Shares 1,588,610 Value ($000) $240,452 Avg Close $142.19 Range $134.47 - $147.90

Q3 2017

Shares 1,448,910 Value ($000) $204,586 Avg Close $126.35 Range $115.06 - $137.11

Q2 2017

Shares 1,207,810 Value ($000) $146,689 Avg Close $113.06 Range $105.80 - $120.27

Q1 2017

Shares 1,378,310 Value ($000) $155,019 Avg Close $104.26 Range $98.83 - $107.97

Q4 2016

Shares 1,372,810 Value ($000) $141,743 Avg Close $98.27 Range $94.46 - $103.40

Q3 2016

Shares 1,316,610 Value ($000) $133,991 Avg Close $90.84 Range $82.10 - $96.94

Q2 2016

Shares 1,138,910 Value ($000) $100,292 Avg Close $90.26 Range $82.81 - $94.54

Q1 2016

Shares 1,485,510 Value ($000) $140,381 Avg Close $83.42 Range $74.09 - $90.24

Q4 2015

Shares 1,369,610 Value ($000) $133,345 Avg Close $92.19 Range $83.59 - $95.82

Q3 2015

Shares 1,398,610 Value ($000) $126,043 Avg Close $88.30 Range $70.14 - $93.23

Q2 2015

Shares 1,548,210 Value ($000) $144,726 Avg Close $86.11 Range $79.97 - $90.38

Q1 2015

Shares 1,483,210 Value ($000) $128,135 Avg Close $81.25 Range $74.77 - $87.12

Q4 2014

Shares 1,392,210 Value ($000) $119,953 Avg Close $76.31 Range $65.11 - $84.02

Q3 2014

Shares 1,540,310 Value ($000) $113,860 Avg Close $71.09 Range $68.75 - $73.96

Q2 2014

Shares 1,562,210 Value ($000) $114,776 Avg Close $69.24 Range $64.02 - $72.61

Q1 2014

Shares 45,000 Value ($000) $3,362 Avg Close $72.72 Range $66.78 - $78.88

Q4 2013

Shares 155,271 Value ($000) $129,723 Avg Close $69.03 Range $60.18 - $78.03

Q3 2013

Shares 171,271 Value ($000) $115,228 Avg Close $58.30 Range $52.66 - $64.55

Q2 2013

Shares 151,094 Value ($000) $86,804 Avg Close $51.54 Range $48.11 - $54.91

Q1 2013

Shares 127,894 Value ($000) $69,207 Avg Close $48.29 Range $46.40 - $50.23

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	730,560	$417,062	$558.95	$524.70 - $585.31
Q3 2025	746,610	$424,679	$573.47	$545.13 - $600.98
Q2 2025	725,310	$407,581	$551.47	$463.61 - $593.12
Q1 2025	721,710	$395,584	$542.01	$497.80 - $579.76
Q4 2024	746,410	$393,037	$514.68	$486.24 - $534.63
Q3 2024	837,710	$413,661	$461.72	$425.84 - $498.27
Q2 2024	832,010	$367,050	$451.62	$433.19 - $478.53
Q1 2024	864,810	$416,467	$452.59	$412.22 - $485.16
Q4 2023	909,910	$388,086	$397.11	$355.66 - $423.46
Q3 2023	963,110	$381,305	$396.22	$381.45 - $413.22
Q2 2023	824,410	$324,240	$369.85	$350.88 - $389.52
Q1 2023	844,910	$307,049	$357.45	$334.82 - $383.83
Q4 2022	863,510	$300,268	$323.40	$272.05 - $362.83
Q3 2022	869,410	$247,208	$325.17	$276.34 - $355.07
Q2 2022	958,810	$302,485	$337.29	$297.42 - $374.14
Q1 2022	925,610	$330,795	$351.61	$298.93 - $391.17
Q4 2021	1,008,310	$362,306	$337.80	$298.92 - $362.54
Q3 2021	980,110	$340,765	$354.74	$327.44 - $385.64
Q2 2021	1,030,010	$376,046	$362.28	$345.76 - $391.25
Q1 2021	1,003,410	$357,264	$339.57	$304.04 - $379.11
Q4 2020	979,110	$349,484	$323.35	$273.35 - $349.38
Q3 2020	977,710	$330,632	$315.67	$280.27 - $356.58
Q2 2020	934,310	$276,275	$273.34	$219.87 - $306.47
Q1 2020	996,210	$240,644	$287.82	$193.62 - $336.19
Q4 2019	1,234,410	$368,582	$272.58	$249.95 - $291.54
Q3 2019	1,348,610	$366,242	$266.10	$245.19 - $283.62
Q2 2019	1,425,610	$377,117	$241.35	$224.85 - $260.28
Q1 2019	1,453,010	$342,111	$207.20	$174.02 - $228.35
Q4 2018	1,305,010	$246,190	$190.92	$165.28 - $216.43
Q3 2018	1,262,610	$281,070	$200.34	$186.80 - $215.48
Q2 2018	1,382,110	$271,612	$180.31	$160.86 - $195.68
Q1 2018	1,476,610	$258,643	$163.70	$144.52 - $175.98
Q4 2017	1,588,610	$240,452	$142.19	$134.47 - $147.90
Q3 2017	1,448,910	$204,586	$126.35	$115.06 - $137.11
Q2 2017	1,207,810	$146,689	$113.06	$105.80 - $120.27
Q1 2017	1,378,310	$155,019	$104.26	$98.83 - $107.97
Q4 2016	1,372,810	$141,743	$98.27	$94.46 - $103.40
Q3 2016	1,316,610	$133,991	$90.84	$82.10 - $96.94
Q2 2016	1,138,910	$100,292	$90.26	$82.81 - $94.54
Q1 2016	1,485,510	$140,381	$83.42	$74.09 - $90.24
Q4 2015	1,369,610	$133,345	$92.19	$83.59 - $95.82
Q3 2015	1,398,610	$126,043	$88.30	$70.14 - $93.23
Q2 2015	1,548,210	$144,726	$86.11	$79.97 - $90.38
Q1 2015	1,483,210	$128,135	$81.25	$74.77 - $87.12
Q4 2014	1,392,210	$119,953	$76.31	$65.11 - $84.02
Q3 2014	1,540,310	$113,860	$71.09	$68.75 - $73.96
Q2 2014	1,562,210	$114,776	$69.24	$64.02 - $72.61
Q1 2014	45,000	$3,362	$72.72	$66.78 - $78.88
Q4 2013	155,271	$129,723	$69.03	$60.18 - $78.03
Q3 2013	171,271	$115,228	$58.30	$52.66 - $64.55
Q2 2013	151,094	$86,804	$51.54	$48.11 - $54.91
Q1 2013	127,894	$69,207	$48.29	$46.40 - $50.23