Dev Kantesaria’s Stock Portfolio: Top 5 Stocks

2. Mastercard Incorporated (NYSE:MA)

Valley Forge Capital Management’s Stake Value: $493.8 million
Percentage of Valley Forge Capital Management’s 13F Portfolio: 19.18%
Number of Hedge Fund Holders: 156

A global leader in payment innovation and technology, Mastercard Incorporated (NYSE:MA) is a financial services company, based in New York.

At the end of the second quarter of 2021, 156 hedge funds in the database of Insider Monkey held stakes worth $17.10 billion in Mastercard Incorporated (NYSE:MA), up from 154 the preceding quarter worth $17.09 billion.

Based on the 13F Filings for the second quarter of 2021, Dev Kantesaria held 1.35 million shares in the company, worth more than $493.8 million. These shares represented 19.18% of his hedge fund’s total portfolio value.

On October 29, Raymond James analyst John Davis reiterated an Outperform rating on Mastercard Incorporated (NYSE:MA), alongside a price target of $430 on its shares.

Alexander Becker of Codex Capital is another prominent shareholder in Mastercard Incorporated (NYSE:MA), with 23,200 shares, worth more than $8.46 billion.

In the Q2 2021 investor letter of Qualivian Investment Partners, the fund mentioned Mastercard Incorporated (NYSE:MA). Here is what the fund said:

“Mastercard: Q2 revenue and EPS beat consensus estimates by 3.7% and 12% respectively. Operating margins also beat consensus by +240 bps. Gross domestic volume growth of +38.3% (+32.8% in constant currency) was buttressed by continued e-commerce strength and better in-store performance, while purchase volumes grew 41.8% (35.5% in constant currency). Cross border performance was strong, but durability remains uncertain given uncertainty arising from the Delta variant and its impact on travel and tourism. We believe Mastercard has a robust runway for growth given further travel recovery, new/existing partnerships, traction in digital payments, and ongoing economic recovery.”