Retail Employees Superannuation Trust increases stake in Mastercard
1 report, 1 independent
Updated Tue 00:00
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What happened
Retail Employees Superannuation Trust increased its position in Mastercard Incorporated by 9.8% during the third quarter, according to its Form 13F filing with the SEC. The Trust acquired an additional 1,857 shares, bringing its total holdings to 20,762 shares. Mastercard now represents 2.8% of the Trust's portfolio.
From dailypolitical.com
Why it matters
The increase reflects institutional investment in Mastercard, a global payment network leader. This type of filing shows how large funds allocate capital to major financial technology corporations.
From dailypolitical.com
Who's involved
- Retail Employees Superannuation TrustAustralian retail industry superannuation fund that increased its investment in Mastercard.
- MastercardAmerican multinational financial services corporation that received the increased investment.
- SECRegulatory body overseeing the mandatory Form 13F filings.
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The entities involved
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Retail Employees Superannuation Trust
Australian retail industry superannuation fund
Nothing else this week.
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Mastercard
American multinational financial services corporation