5 Dumbest Companies to Invest In

2. Mastercard Incorporated (NYSE:MA)

Hedge Fund Investors as of Q3 2022: 146

Mastercard Incorporated (NYSE:MA) is a financial services firm that provides banks and retailers with the ability to conduct cashless transactions. The firm is headquartered in Purchase, New York.

Mastercard Incorporated (NYSE:MA)’s latest earnings report in January 2023 saw the firm warn investors about a slowdown in spending as inflation and high interest rates take their toll. 146 of the 920 hedge funds part of Insider Monkey’s Q3 2022 survey had invested in the firm.

Charles Akre’s Akre Capital Management is Mastercard Incorporated (NYSE:MA)’s largest shareholder. It owns 5.8 million shares that are worth $1.6 billion.

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