{
 "company": "Mastercard",
 "ticker": "MA",
 "page": "https://www.moatshark.com/s/ma",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Akre Capital Management",
   "moatshark_slug": "akre-capital-management",
   "period": "2026-06-30",
   "portfolio_pct": 19.95,
   "value_usd": 1022015722,
   "change": "REDUCE",
   "share_change_pct": -12.8,
   "quarters_held": 53
  },
  {
   "manager": "Valley Forge Capital Management",
   "moatshark_slug": "valley-forge-capital-management",
   "period": "2026-06-30",
   "portfolio_pct": 17.57,
   "value_usd": 547463702,
   "change": "REDUCE",
   "share_change_pct": -28.3,
   "quarters_held": 39
  },
  {
   "manager": "AltaRock Partners",
   "moatshark_slug": "altarock-partners",
   "period": "2026-06-30",
   "portfolio_pct": 9.26,
   "value_usd": 392650795,
   "change": "ADD",
   "share_change_pct": 46.2,
   "quarters_held": 47
  },
  {
   "manager": "Gardner Russo & Quinn",
   "moatshark_slug": "gardner-russo-quinn",
   "period": "2026-06-30",
   "portfolio_pct": 8.76,
   "value_usd": 781901965,
   "change": "REDUCE",
   "share_change_pct": -2.1,
   "quarters_held": 34
  },
  {
   "manager": "Vulcan Value Partners",
   "moatshark_slug": "vulcan-value-partners",
   "period": "2026-06-30",
   "portfolio_pct": 7.86,
   "value_usd": 258320770,
   "change": "ADD",
   "share_change_pct": 31.3,
   "quarters_held": 53
  },
  {
   "manager": "Pershing Square",
   "moatshark_slug": "pershing-square",
   "period": "2026-06-30",
   "portfolio_pct": 5.61,
   "value_usd": 1091218186,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Weitz Investment Management",
   "moatshark_slug": "weitz-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 5.17,
   "value_usd": 74651760,
   "change": "REDUCE",
   "share_change_pct": -1.1,
   "quarters_held": 47
  },
  {
   "manager": "Polen Capital Management",
   "moatshark_slug": "polen-capital-management",
   "period": "2026-06-30",
   "portfolio_pct": 5.05,
   "value_usd": 586509275,
   "change": "REDUCE",
   "share_change_pct": -25.9,
   "quarters_held": 53
  },
  {
   "manager": "Fundsmith",
   "moatshark_slug": "fundsmith",
   "period": "2026-06-30",
   "portfolio_pct": 4.69,
   "value_usd": 639458194,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Jensen Investment Management",
   "moatshark_slug": "jensen-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 4.33,
   "value_usd": 178585910,
   "change": "REDUCE",
   "share_change_pct": -29.2,
   "quarters_held": 44
  },
  {
   "manager": "AKO Capital",
   "moatshark_slug": "ako-capital",
   "period": "2026-06-30",
   "portfolio_pct": 2.27,
   "value_usd": 97554000,
   "change": "ADD",
   "share_change_pct": 22.1,
   "quarters_held": 3
  },
  {
   "manager": "Troy Asset Management",
   "moatshark_slug": "troy-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 1.99,
   "value_usd": 71246592,
   "change": "ADD",
   "share_change_pct": 8,
   "quarters_held": 27
  },
  {
   "manager": "Markel Group",
   "moatshark_slug": "markel-group",
   "period": "2026-06-30",
   "portfolio_pct": 0.81,
   "value_usd": 106592545,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "manager": "Giverny Capital",
   "moatshark_slug": "giverny-capital",
   "period": "2026-06-30",
   "portfolio_pct": 0.5,
   "value_usd": 14799898,
   "change": "ADD",
   "share_change_pct": 2.7,
   "quarters_held": 46
  },
  {
   "manager": "Horizon Kinetics",
   "moatshark_slug": "horizon-kinetics",
   "period": "2026-06-30",
   "portfolio_pct": 0.1,
   "value_usd": 9080727,
   "change": "REDUCE",
   "share_change_pct": -9.4,
   "quarters_held": 30
  },
  {
   "manager": "Harris Associates (Oakmark)",
   "moatshark_slug": "harris-associates-oakmark",
   "period": "2026-06-30",
   "portfolio_pct": 0.07,
   "value_usd": 51870163,
   "change": "REDUCE",
   "share_change_pct": -14.9,
   "quarters_held": 53
  },
  {
   "manager": "Yacktman Asset Management",
   "moatshark_slug": "yacktman-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.07,
   "value_usd": 5993712,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 26
  },
  {
   "manager": "Semper Augustus",
   "moatshark_slug": "semper-augustus",
   "period": "2026-06-30",
   "portfolio_pct": 0.04,
   "value_usd": 338038,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 2
  },
  {
   "manager": "Brave Warrior Advisors",
   "moatshark_slug": "brave-warrior-advisors",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 601939,
   "change": "ADD",
   "share_change_pct": 177.7,
   "quarters_held": 8
  },
  {
   "manager": "Mairs & Power",
   "moatshark_slug": "mairs-power",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 202872,
   "change": "REDUCE",
   "share_change_pct": -24,
   "quarters_held": 35
  }
 ]
}