MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

Night Owl Capital Management, LLC's Holding History (CIK: 0001410833)

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

Q4 2025

Shares 53,902 Value ($000) $30,772 Avg Close $558.95 Range $524.70 - $585.31

Q3 2025

Shares 53,118 Value ($000) $30,214 Avg Close $573.47 Range $545.13 - $600.98

Q2 2025

Shares 52,694 Value ($000) $29,611 Avg Close $551.47 Range $463.61 - $593.12

Q1 2025

Shares 51,076 Value ($000) $27,996 Avg Close $542.01 Range $497.80 - $579.76

Q4 2024

Shares 49,100 Value ($000) $25,855 Avg Close $514.68 Range $486.24 - $534.63

Q3 2024

Shares 47,338 Value ($000) $23,376 Avg Close $461.72 Range $425.84 - $498.27

Q2 2024

Shares 60,056 Value ($000) $26,494 Avg Close $451.62 Range $433.19 - $478.53

Q1 2024

Shares 61,016 Value ($000) $29,384 Avg Close $452.59 Range $412.22 - $485.16

Q4 2023

Shares 57,756 Value ($000) $22,866 Avg Close $397.11 Range $355.66 - $423.46

Q3 2023

Shares 57,756 Value ($000) $22,866 Avg Close $396.22 Range $381.45 - $413.22

Q2 2023

Shares 57,774 Value ($000) $22,723 Avg Close $369.85 Range $350.88 - $389.52

Q1 2023

Shares 59,283 Value ($000) $21,544 Avg Close $357.45 Range $334.82 - $383.83

Q4 2022

Shares 59,342 Value ($000) $20,635 Avg Close $323.40 Range $272.05 - $362.83

Q3 2022

Shares 96,130 Value ($000) $27,334 Avg Close $325.17 Range $276.34 - $355.07

Q2 2022

Shares 91,354 Value ($000) $28,820 Avg Close $337.29 Range $297.42 - $374.14

Q1 2022

Shares 97,258 Value ($000) $34,758 Avg Close $351.61 Range $298.93 - $391.17

Q4 2021

Shares 96,300 Value ($000) $34,603 Avg Close $337.80 Range $298.92 - $362.54

Q3 2021

Shares 97,316 Value ($000) $33,835 Avg Close $354.74 Range $327.44 - $385.64

Q2 2021

Shares 96,860 Value ($000) $35,363 Avg Close $362.28 Range $345.76 - $391.25

Q1 2021

Shares 96,966 Value ($000) $34,525 Avg Close $339.57 Range $304.04 - $379.11

Q4 2020

Shares 95,893 Value ($000) $34,228 Avg Close $323.35 Range $273.35 - $349.38

Q3 2020

Shares 95,012 Value ($000) $32,130 Avg Close $315.67 Range $280.27 - $356.58

Q2 2020

Shares 92,495 Value ($000) $27,351 Avg Close $273.34 Range $219.87 - $306.47

Q1 2020

Shares 92,575 Value ($000) $22,362 Avg Close $287.82 Range $193.62 - $336.19

Q4 2019

Shares 144,503 Value ($000) $43,147 Avg Close $272.58 Range $249.95 - $291.54

Q3 2019

Shares 145,650 Value ($000) $39,554 Avg Close $266.10 Range $245.19 - $283.62

Q2 2019

Shares 145,585 Value ($000) $38,512 Avg Close $241.35 Range $224.85 - $260.28

Q1 2019

Shares 146,369 Value ($000) $34,463 Avg Close $207.20 Range $174.02 - $228.35

Q4 2018

Shares 154,753 Value ($000) $29,194 Avg Close $190.92 Range $165.28 - $216.43

Q3 2018

Shares 155,386 Value ($000) $34,591 Avg Close $200.34 Range $186.80 - $215.48

Q2 2018

Shares 157,818 Value ($000) $31,014 Avg Close $180.31 Range $160.86 - $195.68

Q1 2018

Shares 161,312 Value ($000) $28,255 Avg Close $163.70 Range $144.52 - $175.98

Q4 2017

Shares 161,716 Value ($000) $24,477 Avg Close $142.19 Range $134.47 - $147.90

Q3 2017

Shares 162,412 Value ($000) $22,933 Avg Close $126.35 Range $115.06 - $137.11

Q2 2017

Shares 164,688 Value ($000) $20,001 Avg Close $113.06 Range $105.80 - $120.27

Q1 2017

Shares 167,458 Value ($000) $18,834 Avg Close $104.26 Range $98.83 - $107.97

Q4 2016

Shares 176,969 Value ($000) $18,272 Avg Close $98.27 Range $94.46 - $103.40

Q3 2016

Shares 176,731 Value ($000) $17,986 Avg Close $90.84 Range $82.10 - $96.94

Q2 2016

Shares 179,181 Value ($000) $15,779 Avg Close $90.26 Range $82.81 - $94.54

Q1 2016

Shares 180,334 Value ($000) $17,042 Avg Close $83.42 Range $74.09 - $90.24

Q4 2015

Shares 180,918 Value ($000) $17,614 Avg Close $92.19 Range $83.59 - $95.82

Q3 2015

Shares 181,171 Value ($000) $16,327 Avg Close $88.30 Range $70.14 - $93.23

Q2 2015

Shares 182,753 Value ($000) $17,084 Avg Close $86.11 Range $79.97 - $90.38

Q1 2015

Shares 182,057 Value ($000) $15,728 Avg Close $81.25 Range $74.77 - $87.12

Q4 2014

Shares 184,621 Value ($000) $15,907 Avg Close $76.31 Range $65.11 - $84.02

Q3 2014

Shares 192,119 Value ($000) $14,201 Avg Close $71.09 Range $68.75 - $73.96

Q2 2014

Shares 189,417 Value ($000) $13,916 Avg Close $69.24 Range $64.02 - $72.61

Q1 2014

Shares 191,856 Value ($000) $14,332 Avg Close $72.72 Range $66.78 - $78.88

Q4 2013

Shares 18,834 Value ($000) $15,735 Avg Close $69.03 Range $60.18 - $78.03

Q3 2013

Shares 18,357 Value ($000) $12,350 Avg Close $58.30 Range $52.66 - $64.55

Q2 2013

Shares 17,721 Value ($000) $10,181 Avg Close $51.54 Range $48.11 - $54.91

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	53,902	$30,772	$558.95	$524.70 - $585.31
Q3 2025	53,118	$30,214	$573.47	$545.13 - $600.98
Q2 2025	52,694	$29,611	$551.47	$463.61 - $593.12
Q1 2025	51,076	$27,996	$542.01	$497.80 - $579.76
Q4 2024	49,100	$25,855	$514.68	$486.24 - $534.63
Q3 2024	47,338	$23,376	$461.72	$425.84 - $498.27
Q2 2024	60,056	$26,494	$451.62	$433.19 - $478.53
Q1 2024	61,016	$29,384	$452.59	$412.22 - $485.16
Q4 2023	57,756	$22,866	$397.11	$355.66 - $423.46
Q3 2023	57,756	$22,866	$396.22	$381.45 - $413.22
Q2 2023	57,774	$22,723	$369.85	$350.88 - $389.52
Q1 2023	59,283	$21,544	$357.45	$334.82 - $383.83
Q4 2022	59,342	$20,635	$323.40	$272.05 - $362.83
Q3 2022	96,130	$27,334	$325.17	$276.34 - $355.07
Q2 2022	91,354	$28,820	$337.29	$297.42 - $374.14
Q1 2022	97,258	$34,758	$351.61	$298.93 - $391.17
Q4 2021	96,300	$34,603	$337.80	$298.92 - $362.54
Q3 2021	97,316	$33,835	$354.74	$327.44 - $385.64
Q2 2021	96,860	$35,363	$362.28	$345.76 - $391.25
Q1 2021	96,966	$34,525	$339.57	$304.04 - $379.11
Q4 2020	95,893	$34,228	$323.35	$273.35 - $349.38
Q3 2020	95,012	$32,130	$315.67	$280.27 - $356.58
Q2 2020	92,495	$27,351	$273.34	$219.87 - $306.47
Q1 2020	92,575	$22,362	$287.82	$193.62 - $336.19
Q4 2019	144,503	$43,147	$272.58	$249.95 - $291.54
Q3 2019	145,650	$39,554	$266.10	$245.19 - $283.62
Q2 2019	145,585	$38,512	$241.35	$224.85 - $260.28
Q1 2019	146,369	$34,463	$207.20	$174.02 - $228.35
Q4 2018	154,753	$29,194	$190.92	$165.28 - $216.43
Q3 2018	155,386	$34,591	$200.34	$186.80 - $215.48
Q2 2018	157,818	$31,014	$180.31	$160.86 - $195.68
Q1 2018	161,312	$28,255	$163.70	$144.52 - $175.98
Q4 2017	161,716	$24,477	$142.19	$134.47 - $147.90
Q3 2017	162,412	$22,933	$126.35	$115.06 - $137.11
Q2 2017	164,688	$20,001	$113.06	$105.80 - $120.27
Q1 2017	167,458	$18,834	$104.26	$98.83 - $107.97
Q4 2016	176,969	$18,272	$98.27	$94.46 - $103.40
Q3 2016	176,731	$17,986	$90.84	$82.10 - $96.94
Q2 2016	179,181	$15,779	$90.26	$82.81 - $94.54
Q1 2016	180,334	$17,042	$83.42	$74.09 - $90.24
Q4 2015	180,918	$17,614	$92.19	$83.59 - $95.82
Q3 2015	181,171	$16,327	$88.30	$70.14 - $93.23
Q2 2015	182,753	$17,084	$86.11	$79.97 - $90.38
Q1 2015	182,057	$15,728	$81.25	$74.77 - $87.12
Q4 2014	184,621	$15,907	$76.31	$65.11 - $84.02
Q3 2014	192,119	$14,201	$71.09	$68.75 - $73.96
Q2 2014	189,417	$13,916	$69.24	$64.02 - $72.61
Q1 2014	191,856	$14,332	$72.72	$66.78 - $78.88
Q4 2013	18,834	$15,735	$69.03	$60.18 - $78.03
Q3 2013	18,357	$12,350	$58.30	$52.66 - $64.55
Q2 2013	17,721	$10,181	$51.54	$48.11 - $54.91