Mastercard Inc (MA) Accused By EU Officials Of Artificially Raising Card Payments Costs

How have hedgies been trading Mastercard Inc (NYSE:MA)?

Of the funds tracked by Insider Monkey, Lone Pine Capital, managed by Stephen Mandel, holds the most valuable position in Mastercard Inc (NYSE:MA). Lone Pine Capital has 12.97 million shares of the firm worth about $1.12 billion, comprising 4.2% of its 13F portfolio. On Lone Pine Capital’s heels is Tom Russo of Gardner Russo & Gardner, with an $865.7 million position in 10.02 million shares; 7.8% of its 13F portfolio is allocated to the stock. Other members of the smart money with similar optimism contain Andreas Halvorsen’s Viking Global, Chase Coleman’s Tiger Global Management and Warren Buffett’s Berkshire Hathaway.

Judging by the fact that Mastercard Inc (NYSE:MA) has experienced bearish sentiment from hedge fund managers, we can see that there exists a select few money managers who were dropping their entire stakes heading into Q2. Interestingly, Philippe Laffont‘s Coatue Management said goodbye to the biggest investment of all the hedgies tracked by Insider Monkey, 1.01 million shares comprising about $87.4 million. David Winters of Wintergreen Advisers was right behind this move, as the fund dumped 474,944 shares worth about $40.9 million.

Since Mastercard Inc (NYSE:MA) experienced bearish sentiment from hedge funds tracked by Insider Monkey by the end of the first quarter and the firm is now in hot water with the European Commission, it may be better for investors to look somewhere else for a good investment.

Disclosure: None