Aquamarine Capital — MA

How Aquamarine Capital's position in MASTERCARD INCORPORATED changed quarter by quarter. Change badges compare each quarter to the fund's immediately-prior filing.

Quarter	Shares	Value	% of portfolio	Change
Q1 2026	40,000	$19,986,000	14.77%	—
Q4 2025	40,000	$22,835,000	15.48%	NEW