{
 "company": "Hormel Foods",
 "ticker": "HRL",
 "page": "https://www.moatshark.com/s/hrl",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Mairs & Power",
   "moatshark_slug": "mairs-power",
   "period": "2026-06-30",
   "portfolio_pct": 0.77,
   "value_usd": 84339527,
   "change": "REDUCE",
   "share_change_pct": -0.6,
   "quarters_held": 53
  },
  {
   "manager": "Gates Foundation Trust",
   "moatshark_slug": "gates-foundation-trust",
   "period": "2026-06-30",
   "portfolio_pct": 0.15,
   "value_usd": 51756898,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 15
  },
  {
   "manager": "Gardner Russo & Quinn",
   "moatshark_slug": "gardner-russo-quinn",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 459170,
   "change": "REDUCE",
   "share_change_pct": -2.6,
   "quarters_held": 53
  }
 ]
}