13F

Position

FOCUSED ALPHA, 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 −$647.7K$570.88$499.68

QuarterSharesValueImplied pxEst. markFlowWeight
Q4 202510.9K$6.22M1.8%
Q1 20269.1K$4.55M$499.68−$647.7K−$1.02M1.4%