{
 "company": "Paychex",
 "ticker": "PAYX",
 "page": "https://www.moatshark.com/s/payx",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Semper Augustus",
   "moatshark_slug": "semper-augustus",
   "period": "2026-06-30",
   "portfolio_pct": 2.35,
   "value_usd": 20810577,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Troy Asset Management",
   "moatshark_slug": "troy-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.69,
   "value_usd": 24679355,
   "change": "REDUCE",
   "share_change_pct": -31.4,
   "quarters_held": 36
  },
  {
   "manager": "Markel Group",
   "moatshark_slug": "markel-group",
   "period": "2026-06-30",
   "portfolio_pct": 0.11,
   "value_usd": 14749500,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  }
 ]
}