50 Top Stock Picks In Q2 That Billionaires Love

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Mastercard

Coin Desk

Market Value: $356.4 billion
Billionaire Investor: Polen Capital Management
Percent of Portfolio: 4.9%

Although Visa still sits at the number one spot, Mastercard comes in at a close second as the world’s biggest payment processor. Despite Warren Buffett’s Berkshire Hathaway letting go of 7% of its shareholdings on Mastercard, there were a number of other large investment companies that were more than happy to take its place. Polen Capital Management (AUM $27.3 billion) bought 551,407 more shares of Mastercard, which leaves the Boca Raton hedge fund the owner of roughly 5.5 million shares in quarter two. Considering the growth in mobile banking, cashless transactions and the like, analysts like S&P Global Market Intelligence believe that Mastercard is only going to continue to rise, with an expectation of over 18% growth in the next three to five years.