{
 "company": "Novartis",
 "ticker": "NVS",
 "page": "https://www.moatshark.com/s/nvs",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Tweedy, Browne",
   "moatshark_slug": "tweedy-browne",
   "period": "2026-06-30",
   "portfolio_pct": 0.84,
   "value_usd": 11146710,
   "change": "REDUCE",
   "share_change_pct": -0.3,
   "quarters_held": 44
  },
  {
   "manager": "Kahn Brothers",
   "moatshark_slug": "kahn-brothers",
   "period": "2026-06-30",
   "portfolio_pct": 0.33,
   "value_usd": 2066509,
   "change": "REDUCE",
   "share_change_pct": -1.5,
   "quarters_held": 53
  },
  {
   "manager": "Dodge & Cox",
   "moatshark_slug": "dodge-cox",
   "period": "2026-06-30",
   "portfolio_pct": 0.06,
   "value_usd": 119008937,
   "change": "REDUCE",
   "share_change_pct": -89.1,
   "quarters_held": 53
  },
  {
   "manager": "Horizon Kinetics",
   "moatshark_slug": "horizon-kinetics",
   "period": "2026-06-30",
   "portfolio_pct": 0.02,
   "value_usd": 1659351,
   "change": "REDUCE",
   "share_change_pct": -3.7,
   "quarters_held": 30
  }
 ]
}