Why Mastercard Inc (MA), Visa Inc (V), And More Should Have Your Attention

AltaRock Partners retained its stake in Mastercard Inc (NYSE:MA) in the second quarter. AltaRock Partners had a total of 403,690 shares of the company. The net value of this position was over $35.55 million on June 30. The stock returned 15.8% during the third quarter. At Q2’s end, a total of 82 of the hedge funds that we track held long positions in the stock, up by 3% from the first quarter of 2016. The largest stake in Mastercard Inc (NYSE:MA) was held by Gardner Russo & Gardner, which reported holding $857.7 million worth of shares at the end of June. It was followed by Viking Global with a $566.4 million position. Other investors bullish on the company included Renaissance Technologies, Akre Capital Management, and Lone Pine Capital.

Lastly, AltaRock Partners had a $20.95 million stake in Visa Inc (NYSE:V) at the end of June. The position comprised 282,516 shares of the company. The investment paid off, as the stock returned 11.7% in the third quarter. At the end of the second quarter, a total of 118 of the hedge funds tracked by Insider Monkey held long positions in Visa, 11% more than at the end of the previous quarter. Among these funds, Fisher Asset Management held the most valuable stake in Visa Inc (NYSE:V), which was worth $1.13 billion at the end of the second quarter. On the second spot was Berkshire Hathaway, which amassed $759.4 million worth of shares. Moreover, Lansdowne Partners, Lone Pine Capital, and Soroban Capital Partners were also bullish on Visa Inc (NYSE:V).

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