{
 "company": "McDonald’s",
 "ticker": "MCD",
 "page": "https://www.moatshark.com/s/mcd",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Jensen Investment Management",
   "moatshark_slug": "jensen-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 1.48,
   "value_usd": 60973827,
   "change": "REDUCE",
   "share_change_pct": -18.3,
   "quarters_held": 10
  },
  {
   "manager": "Matrix Asset Advisors",
   "moatshark_slug": "matrix-asset-advisors",
   "period": "2026-09-30",
   "portfolio_pct": 1.2,
   "value_usd": 14550622,
   "change": "ADD",
   "share_change_pct": 410.8,
   "quarters_held": 15
  },
  {
   "manager": "Gates Foundation Trust",
   "moatshark_slug": "gates-foundation-trust",
   "period": "2026-06-30",
   "portfolio_pct": 0.26,
   "value_usd": 90526819,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 7
  },
  {
   "manager": "Mairs & Power",
   "moatshark_slug": "mairs-power",
   "period": "2026-06-30",
   "portfolio_pct": 0.03,
   "value_usd": 3807244,
   "change": "REDUCE",
   "share_change_pct": -1.7,
   "quarters_held": 53
  },
  {
   "manager": "Horizon Kinetics",
   "moatshark_slug": "horizon-kinetics",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 929596,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 30
  },
  {
   "manager": "Dodge & Cox",
   "moatshark_slug": "dodge-cox",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 1736742,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "manager": "First Pacific Advisors (FPA)",
   "moatshark_slug": "first-pacific-advisors-fpa",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 0,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Gardner Russo & Quinn",
   "moatshark_slug": "gardner-russo-quinn",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 255984,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "manager": "Troy Asset Management",
   "moatshark_slug": "troy-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 0,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 35
  }
 ]
}