MASTERCARD INCORPORATED

Ticker: MA CUSIP: 57636Q104 Class: Common Stock

Summit Trail Advisors, LLC's Holding History (CIK: 0001698478)

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

Q4 2025

Shares 24,406 Value ($000) $13,933 Avg Close $558.95 Range $524.70 - $585.31

Q3 2025

Shares 27,473 Value ($000) $15,627 Avg Close $573.47 Range $545.13 - $600.98

Q2 2025

Shares 25,194 Value ($000) $14,158 Avg Close $551.47 Range $463.61 - $593.12

Q1 2025

Shares 21,192 Value ($000) $11,616 Avg Close $542.01 Range $497.80 - $579.76

Q4 2024

Shares 18,201 Value ($000) $9,584 Avg Close $514.68 Range $486.24 - $534.63

Q3 2024

Shares 16,338 Value ($000) $8,068 Avg Close $461.72 Range $425.84 - $498.27

Q2 2024

Shares 14,949 Value ($000) $6,595 Avg Close $451.62 Range $433.19 - $478.53

Q1 2024

Shares 13,400 Value ($000) $6,453 Avg Close $452.59 Range $412.22 - $485.16

Q4 2023

Shares 11,971 Value ($000) $5,106 Avg Close $397.11 Range $355.66 - $423.46

Q3 2023

Shares 12,366 Value ($000) $4,896 Avg Close $396.22 Range $381.45 - $413.22

Q2 2023

Shares 11,470 Value ($000) $4,511 Avg Close $369.85 Range $350.88 - $389.52

Q1 2023

Shares 8,503 Value ($000) $3,090 Avg Close $357.45 Range $334.82 - $383.83

Q4 2022

Shares 4,505 Value ($000) $1,567 Avg Close $323.40 Range $272.05 - $362.83

Q3 2022

Shares 6,829 Value ($000) $1,942 Avg Close $325.17 Range $276.34 - $355.07

Q2 2022

Shares 9,212 Value ($000) $2,906 Avg Close $337.29 Range $297.42 - $374.14

Q1 2022

Shares 6,653 Value ($000) $2,378 Avg Close $351.61 Range $298.93 - $391.17

Q4 2021

Shares 6,243 Value ($000) $2,243 Avg Close $337.80 Range $298.92 - $362.54

Q3 2021

Shares 3,115 Value ($000) $1,083 Avg Close $354.74 Range $327.44 - $385.64

Q2 2021

Shares 2,612 Value ($000) $954 Avg Close $362.28 Range $345.76 - $391.25

Q1 2021

Shares 2,369 Value ($000) $843 Avg Close $339.57 Range $304.04 - $379.11

Q4 2020

Shares 2,420 Value ($000) $864 Avg Close $323.35 Range $273.35 - $349.38

Q3 2020

Shares 5,327 Value ($000) $1,749 Avg Close $315.67 Range $280.27 - $356.58

Q2 2020

Shares 2,377 Value ($000) $703 Avg Close $273.34 Range $219.87 - $306.47

Q1 2020

Shares 2,620 Value ($000) $633 Avg Close $287.82 Range $193.62 - $336.19

Q4 2019

Shares 710 Value ($000) $212 Avg Close $272.58 Range $249.95 - $291.54

Q3 2018

Shares 8,286 Value ($000) $1,845 Avg Close $200.34 Range $186.80 - $215.48

Q2 2018

Shares 7,245 Value ($000) $1,424 Avg Close $180.31 Range $160.86 - $195.68

Q1 2018

Shares 3,515 Value ($000) $650 Avg Close $163.70 Range $144.52 - $175.98

Q4 2017

Shares 3,368 Value ($000) $557 Avg Close $142.19 Range $134.47 - $147.90

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	24,406	$13,933	$558.95	$524.70 - $585.31
Q3 2025	27,473	$15,627	$573.47	$545.13 - $600.98
Q2 2025	25,194	$14,158	$551.47	$463.61 - $593.12
Q1 2025	21,192	$11,616	$542.01	$497.80 - $579.76
Q4 2024	18,201	$9,584	$514.68	$486.24 - $534.63
Q3 2024	16,338	$8,068	$461.72	$425.84 - $498.27
Q2 2024	14,949	$6,595	$451.62	$433.19 - $478.53
Q1 2024	13,400	$6,453	$452.59	$412.22 - $485.16
Q4 2023	11,971	$5,106	$397.11	$355.66 - $423.46
Q3 2023	12,366	$4,896	$396.22	$381.45 - $413.22
Q2 2023	11,470	$4,511	$369.85	$350.88 - $389.52
Q1 2023	8,503	$3,090	$357.45	$334.82 - $383.83
Q4 2022	4,505	$1,567	$323.40	$272.05 - $362.83
Q3 2022	6,829	$1,942	$325.17	$276.34 - $355.07
Q2 2022	9,212	$2,906	$337.29	$297.42 - $374.14
Q1 2022	6,653	$2,378	$351.61	$298.93 - $391.17
Q4 2021	6,243	$2,243	$337.80	$298.92 - $362.54
Q3 2021	3,115	$1,083	$354.74	$327.44 - $385.64
Q2 2021	2,612	$954	$362.28	$345.76 - $391.25
Q1 2021	2,369	$843	$339.57	$304.04 - $379.11
Q4 2020	2,420	$864	$323.35	$273.35 - $349.38
Q3 2020	5,327	$1,749	$315.67	$280.27 - $356.58
Q2 2020	2,377	$703	$273.34	$219.87 - $306.47
Q1 2020	2,620	$633	$287.82	$193.62 - $336.19
Q4 2019	710	$212	$272.58	$249.95 - $291.54
Q3 2018	8,286	$1,845	$200.34	$186.80 - $215.48
Q2 2018	7,245	$1,424	$180.31	$160.86 - $195.68
Q1 2018	3,515	$650	$163.70	$144.52 - $175.98
Q4 2017	3,368	$557	$142.19	$134.47 - $147.90