MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

SFE Investment Counsel's Holding History (CIK: 0001317784)

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

Q4 2025

Shares 643 Value ($000) $367 Avg Close $558.95 Range $524.70 - $585.31

Q3 2025

Shares 679 Value ($000) $386 Avg Close $573.47 Range $545.13 - $600.98

Q2 2025

Shares 940 Value ($000) $528 Avg Close $551.47 Range $463.61 - $593.12

Q1 2025

Shares 956 Value ($000) $524 Avg Close $542.01 Range $497.80 - $579.76

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	643	$367	$558.95	$524.70 - $585.31
Q3 2025	679	$386	$573.47	$545.13 - $600.98
Q2 2025	940	$528	$551.47	$463.61 - $593.12
Q1 2025	956	$524	$542.01	$497.80 - $579.76