Jacob Rothschild Stock Portfolio: 5 Top Stock Picks

1. Mastercard Incorporated (NYSE:MA)

Number of Hedge Fund Holders: 139    

Mastercard Incorporated (NYSE:MA) is a technology company that provides transaction processing and other payment-related products and services. Regulatory filings show that RIT Capital Partners owned 135,100 shares in Mastercard Incorporated (NYSE:MA) at the end of September 2023 worth $53 million, representing 13.39% of the portfolio.

On October 30, Mizuho analyst Dan Dolev maintained a Buy rating on Mastercard Incorporated (NYSE:MA) stock and lowered the price target to $420 from $435, citing earnings as one of the reasons behind the price update. 

At the end of the second quarter of 2023, 139 hedge funds in the database of Insider Monkey held stakes worth $14.7 billion in Mastercard Incorporated (NYSE:MA), compared to 138 in the previous quarter worth $14.20 billion.

In its Q3 2023 investor letter, Baron Funds, an asset management firm, highlighted a few stocks and Mastercard Incorporated (NYSE:MA) was one of them. Here is what the fund said:

“Performance in Payments was bolstered by gains from Mastercard Incorporated. Shares of global payment network Mastercard were up modestly after reporting a continuation of double-digit earnings growth and resilient payment volumes.”

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