VGI Partners Exited Mastercard Incorporated (MA) on Risk-Reward Assessment

VGI Partners Global Investments Limited, an investment management company, released its 2022 annual investor letter. A copy of the same can be downloaded here. The firm returned -22.3% (net) for the year ended 31st December 2022. 2022 was a challenging year for the global equity market, the S&P 500 declined -19% during the period, the NASDAQ Composite retreated -33%, and the MSCI World Index fell -19% in the same period. In addition, please check the fund’s top five holdings to know its best picks in 2022.

VGI Partners highlighted stocks like Mastercard Incorporated (NYSE:MA) in the 2022 annual investor letter. Headquartered in Purchase, New York, Mastercard Incorporated (NYSE:MA) is a payment technology company. On April 3, 2023, Mastercard Incorporated (NYSE:MA) stock closed at $366.47 per share. One-month return of Mastercard Incorporated (NYSE:MA) was 1.81%, and its shares gained 0.87% of their value over the last 52 weeks. Mastercard Incorporated (NYSE:MA) has a market capitalization of $346.579 billion.

VGI Partners made the following comment about Mastercard Incorporated (NYSE:MA) in its 2022 annual investor letter:

“As a consequence of updated information and adjustments to our assessment of risk-reward, previously larger positions in multinational payments business Mastercard Incorporated (NYSE:MA) and Swiss-headquartered luxury watch and jewellery retailer Cie Financière Richemont have been reduced, while the portfolio has exited its position in Japanese-listed optical and precision technology manufacturer Olympus Corp.”

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Mastercard Incorporated (NYSE:MA) is in 7th position on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 139 hedge fund portfolios held Mastercard Incorporated (NYSE:MA) at the end of the fourth quarter which was 146 in the previous quarter.

We discussed Mastercard Incorporated (NYSE:MA) in another article and shared the list of best cryptocurrency stocks to buy according to hedge funds. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.