Quantitative hedge fund Renaissance Technologies sold its entire stake in Mastercard Inc. during the second quarter of 2026, according to its latest SEC filing. The fund, founded by mathematician Jim Simons, liquidated 194,651 shares, with the position previously valued at approximately $97.26 million. The move is notable as public filings from the first quarter showed Renaissance had dramatically increased its stake in the credit services giant just prior to this exit.
This trade was disclosed in a quarterly 13F report, which is filed with the SEC up to 45 days after a quarter ends, so the trades occurred between April 1 and June 30. These filings reveal past positions and do not state the specific reasons or exact timing for a fund's investment decisions. The disclosure comes after Mastercard reported strong Q2 earnings in late July, beating analyst estimates with a 14% rise in revenue.