Terry Smith's Fundsmith is back in Mastercard Inc (MA) in 2026 Q2, after 3 quarters out, according to the 13F-HR filed with the SEC on August 14, 2026. The filing lists 1.25M shares worth about $639.5M at June 30, 2026, 4.69% of the reported portfolio. MA enters the book as the 6th largest of 41 stock positions.
What did the 2026 Q2 filing report for MA?
As of June 30, 2026, from the 13F-HR filed August 14, 2026.
| Value | |
|---|---|
| Shares | 1.25M |
| Reported value | $639.5M |
| Portfolio weight | 4.69% |
| Rank in portfolio | 6th of 41 |
| Sold out in | 2025 Q3 |
| Out for | 3 quarters |
How big is the returning MA position?
Terry Smith opened 13 stock positions in 2026 Q2; MA is the 2nd largest of them by weight. An average stock position in the Terry Smith portfolio is 2% of the reported value, so the new name comes in above the fund's typical size.
Where does MA sit in the Terry Smith portfolio?
MA ranks 6th of 41 stock positions in the Terry Smith portfolio at 4.69%, above the fund's average stock position of 2%. The largest stock position is MAR at 7.02%. Next come SYK at 6.72% and WAT at 6.25%. The three largest stocks together are 19.99% of the book. The MA purchase was the 3rd largest of the quarter's 44 position changes by percent change to portfolio. Across the 2026 Q2 portfolio, Terry Smith reported 41 stock positions, with 13 opened and 6 closed. The total portfolio value is about $13.6B, up 6% from the prior quarter.
When did Terry Smith hold MA before?
Terry Smith held MA before. The fund first reported the name in the quarter ended March 31, 2023, sold out in 2025 Q3 and is back after 3 quarters out. The new stake is already larger than any weight the fund reported for the name before. Every reported trade is on the Terry Smith MA trade history page.
Did other funds buy or sell MA in 2026 Q2?
Among the other tracked funds that had filed for 2026 Q2 as of August 14, 2026, 20 hold MA. Of those, one opened it this quarter. Another 2 sold out of it. The largest buyers of MA this quarter were Eagle Capital Management, Bill Ackman and Mark Massey. The largest sellers were Lewis Sanders, Chuck Akre and Thomas Russo. Every tracked holder of MA is on the MA ownership page.
FAQ
How many MA shares does Terry Smith hold?
Terry Smith holds 1.25M shares of MA as of June 30, 2026, worth about $639.5M.
What is MA's weight in the Terry Smith portfolio?
MA is 4.69% of the Terry Smith portfolio and ranks 6th of 41 stocks by weight.
Has Terry Smith owned MA before?
Yes. Terry Smith held MA before. The fund first reported the name in the quarter ended March 31, 2023, sold out in 2025 Q3 and is back after 3 quarters out.
How many other tracked funds hold MA?
20 other tracked funds that had filed for 2026 Q2 hold MA. One of them opened it this quarter.