{
 "company": "Pepsico",
 "ticker": "PEP",
 "page": "https://www.moatshark.com/s/pep",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Lindsell Train",
   "moatshark_slug": "lindsell-train",
   "period": "2026-06-30",
   "portfolio_pct": 5.27,
   "value_usd": 138609792,
   "change": "REDUCE",
   "share_change_pct": -19.8,
   "quarters_held": 45
  },
  {
   "manager": "Yacktman Asset Management",
   "moatshark_slug": "yacktman-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 3.47,
   "value_usd": 280662942,
   "change": "ADD",
   "share_change_pct": 2.2,
   "quarters_held": 53
  },
  {
   "manager": "Matrix Asset Advisors",
   "moatshark_slug": "matrix-asset-advisors",
   "period": "2026-09-30",
   "portfolio_pct": 3.11,
   "value_usd": 37700707,
   "change": "ADD",
   "share_change_pct": 11,
   "quarters_held": 11
  },
  {
   "manager": "Troy Asset Management",
   "moatshark_slug": "troy-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.69,
   "value_usd": 24663516,
   "change": "REDUCE",
   "share_change_pct": -7.4,
   "quarters_held": 36
  },
  {
   "manager": "Jensen Investment Management",
   "moatshark_slug": "jensen-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.26,
   "value_usd": 10822116,
   "change": "REDUCE",
   "share_change_pct": -1.7,
   "quarters_held": 53
  },
  {
   "manager": "Markel Group",
   "moatshark_slug": "markel-group",
   "period": "2026-06-30",
   "portfolio_pct": 0.1,
   "value_usd": 13026834,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "manager": "Kahn Brothers",
   "moatshark_slug": "kahn-brothers",
   "period": "2026-06-30",
   "portfolio_pct": 0.04,
   "value_usd": 243720,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 28
  },
  {
   "manager": "First Eagle Investment Management",
   "moatshark_slug": "first-eagle-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 6530478,
   "change": "ADD",
   "share_change_pct": 3.8,
   "quarters_held": 24
  },
  {
   "manager": "Gardner Russo & Quinn",
   "moatshark_slug": "gardner-russo-quinn",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 1234218,
   "change": "REDUCE",
   "share_change_pct": -1,
   "quarters_held": 53
  },
  {
   "manager": "Mairs & Power",
   "moatshark_slug": "mairs-power",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 1242295,
   "change": "ADD",
   "share_change_pct": 2.2,
   "quarters_held": 53
  },
  {
   "manager": "Dodge & Cox",
   "moatshark_slug": "dodge-cox",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 416355,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "manager": "Harris Associates (Oakmark)",
   "moatshark_slug": "harris-associates-oakmark",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 272831,
   "change": "ADD",
   "share_change_pct": 21,
   "quarters_held": 5
  },
  {
   "manager": "Horizon Kinetics",
   "moatshark_slug": "horizon-kinetics",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 249136,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 30
  }
 ]
}