MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

TWO SIGMA ADVISERS, LP's Holding History (CIK: 0001478735)

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

Q4 2025

Shares 1,227,980 Value ($000) $701,029 Avg Close $558.95 Range $524.70 - $585.31

Q3 2025

Shares 1,102,200 Value ($000) $626,942 Avg Close $573.47 Range $545.13 - $600.98

Q2 2025

Shares 1,176,300 Value ($000) $661,010 Avg Close $551.47 Range $463.61 - $593.12

Q1 2025

Shares 1,134,100 Value ($000) $621,623 Avg Close $542.01 Range $497.80 - $579.76

Q4 2024

Shares 1,078,000 Value ($000) $567,642 Avg Close $514.68 Range $486.24 - $534.63

Q3 2024

Shares 888,000 Value ($000) $438,494 Avg Close $461.72 Range $425.84 - $498.27

Q2 2024

Shares 1,159,000 Value ($000) $511,304 Avg Close $451.62 Range $433.19 - $478.53

Q1 2024

Shares 1,025,100 Value ($000) $493,657 Avg Close $452.59 Range $412.22 - $485.16

Q4 2023

Shares 732,600 Value ($000) $312,461 Avg Close $397.11 Range $355.66 - $423.46

Q3 2023

Shares 245,000 Value ($000) $96,998 Avg Close $396.22 Range $381.45 - $413.22

Q2 2023

Shares 73,600 Value ($000) $28,947 Avg Close $369.85 Range $350.88 - $389.52

Q1 2023

Shares 207,800 Value ($000) $75,517 Avg Close $357.45 Range $334.82 - $383.83

Q4 2022

Shares 244,400 Value ($000) $84,985 Avg Close $323.40 Range $272.05 - $362.83

Q3 2022

Shares 430,100 Value ($000) $122,295 Avg Close $325.17 Range $276.34 - $355.07

Q2 2022

Shares 216,800 Value ($000) $68,396 Avg Close $337.29 Range $297.42 - $374.14

Q1 2022

Shares 311,000 Value ($000) $111,145 Avg Close $351.61 Range $298.93 - $391.17

Q4 2021

Shares 875,200 Value ($000) $314,477 Avg Close $337.80 Range $298.92 - $362.54

Q3 2021

Shares 689,400 Value ($000) $239,691 Avg Close $354.74 Range $327.44 - $385.64

Q2 2021

Shares 102,123 Value ($000) $37,284 Avg Close $362.28 Range $345.76 - $391.25

Q1 2021

Shares 80,523 Value ($000) $28,670 Avg Close $339.57 Range $304.04 - $379.11

Q4 2020

Shares 264,723 Value ($000) $94,490 Avg Close $323.35 Range $273.35 - $349.38

Q3 2020

Shares 156,023 Value ($000) $52,762 Avg Close $315.67 Range $280.27 - $356.58

Q2 2020

Shares 255,623 Value ($000) $75,588 Avg Close $273.34 Range $219.87 - $306.47

Q1 2020

Shares 403,623 Value ($000) $97,499 Avg Close $287.82 Range $193.62 - $336.19

Q4 2019

Shares 289,623 Value ($000) $86,479 Avg Close $272.58 Range $249.95 - $291.54

Q3 2019

Shares 535,723 Value ($000) $145,486 Avg Close $266.10 Range $245.19 - $283.62

Q2 2019

Shares 363,623 Value ($000) $96,189 Avg Close $241.35 Range $224.85 - $260.28

Q1 2019

Shares 404,223 Value ($000) $95,174 Avg Close $207.20 Range $174.02 - $228.35

Q4 2018

Shares 33,123 Value ($000) $6,249 Avg Close $190.92 Range $165.28 - $216.43

Q3 2018

Shares 55,512 Value ($000) $12,358 Avg Close $200.34 Range $186.80 - $215.48

Q2 2018

Shares 291,712 Value ($000) $57,327 Avg Close $180.31 Range $160.86 - $195.68

Q1 2018

Shares 92,012 Value ($000) $16,117 Avg Close $163.70 Range $144.52 - $175.98

Q4 2017

Shares 52,612 Value ($000) $7,963 Avg Close $142.19 Range $134.47 - $147.90

Q3 2017

Shares 530,967 Value ($000) $74,973 Avg Close $126.35 Range $115.06 - $137.11

Q1 2017

Shares 95,748 Value ($000) $10,769 Avg Close $104.26 Range $98.83 - $107.97

Q4 2016

Shares 29,637 Value ($000) $3,060 Avg Close $98.27 Range $94.46 - $103.40

Q3 2016

Shares 1,401,713 Value ($000) $142,652 Avg Close $90.84 Range $82.10 - $96.94

Q2 2016

Shares 538,870 Value ($000) $47,453 Avg Close $90.26 Range $82.81 - $94.54

Q1 2016

Shares 737,770 Value ($000) $69,719 Avg Close $83.42 Range $74.09 - $90.24

Q4 2015

Shares 9,689 Value ($000) $943 Avg Close $92.19 Range $83.59 - $95.82

Q3 2015

Shares 120,034 Value ($000) $10,817 Avg Close $88.30 Range $70.14 - $93.23

Q1 2015

Shares 21,670 Value ($000) $1,872 Avg Close $81.25 Range $74.77 - $87.12

Q4 2014

Shares 313,437 Value ($000) $27,006 Avg Close $76.31 Range $65.11 - $84.02

Q3 2014

Shares 201,337 Value ($000) $14,883 Avg Close $71.09 Range $68.75 - $73.96

Q2 2014

Shares 31,937 Value ($000) $2,346 Avg Close $69.24 Range $64.02 - $72.61

Q4 2013

Shares 1,277 Value ($000) $1,067 Avg Close $69.03 Range $60.18 - $78.03

Q3 2013

Shares 23,577 Value ($000) $15,863 Avg Close $58.30 Range $52.66 - $64.55

Q2 2013

Shares 977 Value ($000) $561 Avg Close $51.54 Range $48.11 - $54.91

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	1,227,980	$701,029	$558.95	$524.70 - $585.31
Q3 2025	1,102,200	$626,942	$573.47	$545.13 - $600.98
Q2 2025	1,176,300	$661,010	$551.47	$463.61 - $593.12
Q1 2025	1,134,100	$621,623	$542.01	$497.80 - $579.76
Q4 2024	1,078,000	$567,642	$514.68	$486.24 - $534.63
Q3 2024	888,000	$438,494	$461.72	$425.84 - $498.27
Q2 2024	1,159,000	$511,304	$451.62	$433.19 - $478.53
Q1 2024	1,025,100	$493,657	$452.59	$412.22 - $485.16
Q4 2023	732,600	$312,461	$397.11	$355.66 - $423.46
Q3 2023	245,000	$96,998	$396.22	$381.45 - $413.22
Q2 2023	73,600	$28,947	$369.85	$350.88 - $389.52
Q1 2023	207,800	$75,517	$357.45	$334.82 - $383.83
Q4 2022	244,400	$84,985	$323.40	$272.05 - $362.83
Q3 2022	430,100	$122,295	$325.17	$276.34 - $355.07
Q2 2022	216,800	$68,396	$337.29	$297.42 - $374.14
Q1 2022	311,000	$111,145	$351.61	$298.93 - $391.17
Q4 2021	875,200	$314,477	$337.80	$298.92 - $362.54
Q3 2021	689,400	$239,691	$354.74	$327.44 - $385.64
Q2 2021	102,123	$37,284	$362.28	$345.76 - $391.25
Q1 2021	80,523	$28,670	$339.57	$304.04 - $379.11
Q4 2020	264,723	$94,490	$323.35	$273.35 - $349.38
Q3 2020	156,023	$52,762	$315.67	$280.27 - $356.58
Q2 2020	255,623	$75,588	$273.34	$219.87 - $306.47
Q1 2020	403,623	$97,499	$287.82	$193.62 - $336.19
Q4 2019	289,623	$86,479	$272.58	$249.95 - $291.54
Q3 2019	535,723	$145,486	$266.10	$245.19 - $283.62
Q2 2019	363,623	$96,189	$241.35	$224.85 - $260.28
Q1 2019	404,223	$95,174	$207.20	$174.02 - $228.35
Q4 2018	33,123	$6,249	$190.92	$165.28 - $216.43
Q3 2018	55,512	$12,358	$200.34	$186.80 - $215.48
Q2 2018	291,712	$57,327	$180.31	$160.86 - $195.68
Q1 2018	92,012	$16,117	$163.70	$144.52 - $175.98
Q4 2017	52,612	$7,963	$142.19	$134.47 - $147.90
Q3 2017	530,967	$74,973	$126.35	$115.06 - $137.11
Q1 2017	95,748	$10,769	$104.26	$98.83 - $107.97
Q4 2016	29,637	$3,060	$98.27	$94.46 - $103.40
Q3 2016	1,401,713	$142,652	$90.84	$82.10 - $96.94
Q2 2016	538,870	$47,453	$90.26	$82.81 - $94.54
Q1 2016	737,770	$69,719	$83.42	$74.09 - $90.24
Q4 2015	9,689	$943	$92.19	$83.59 - $95.82
Q3 2015	120,034	$10,817	$88.30	$70.14 - $93.23
Q1 2015	21,670	$1,872	$81.25	$74.77 - $87.12
Q4 2014	313,437	$27,006	$76.31	$65.11 - $84.02
Q3 2014	201,337	$14,883	$71.09	$68.75 - $73.96
Q2 2014	31,937	$2,346	$69.24	$64.02 - $72.61
Q4 2013	1,277	$1,067	$69.03	$60.18 - $78.03
Q3 2013	23,577	$15,863	$58.30	$52.66 - $64.55
Q2 2013	977	$561	$51.54	$48.11 - $54.91