Should You Buy Mastercard Inc (MA)?

As industrywide interest jumped, some big names were breaking ground themselves. Samlyn Capital, managed by Robert Pohly, established the most valuable position in Mastercard Inc (NYSE:MA). Samlyn Capital had $119.4 million invested in the company at the end of the quarter. Gabriel Plotkin’s Melvin Capital Management also initiated a $61.1 million position during the quarter. The other funds with brand new MA positions are Ken Griffin’s Citadel Investment Group, Stuart Powers’ Hengistbury Investment Partners, and Louis Bacon’s Moore Global Investments.

Let’s also examine hedge fund activity in other stocks similar to Mastercard Inc (NYSE:MA). We will take a look at United Parcel Service, Inc. (NYSE:UPS), Accenture Plc (NYSE:ACN), NIKE, Inc. (NYSE:NKE), and SAP AG (ADR) (NYSE:SAP). This group of stocks’ market values are similar to MA’s market value.

As you can see these stocks had an average of 34.75 hedge funds with bullish positions and the average amount invested in these stocks was $1.71 billion. That figure was $7.48 billion in MA’s case. NIKE, Inc. (NYSE:NKE) is the most popular stock in this table, though far less popular than Mastercard. On the other hand, SAP AG (ADR) (NYSE:SAP) is the least popular one with only 7 hedge funds long the stock. Compared to these stocks Mastercard Inc (NYSE:MA) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None