13F

Position

EWA, LLC in Mastercard Inc

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Estimated mark uses implied 13F prices (value ÷ shares). Adds are treated as happening at this quarter’s mark; cuts at last quarter’s. Share jumps can be splits, not buys. This is not realized P&L.

Latest estimated mark −$102.2K$570.92$499.67

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 20251.44K$819.3K0.2%
Q1 20261.53K$766K$499.67−$102.2K$49K0.2%