{
 "company": "Philip Morris International",
 "ticker": "PM",
 "page": "https://www.moatshark.com/s/pm",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Gardner Russo & Quinn",
   "moatshark_slug": "gardner-russo-quinn",
   "period": "2026-06-30",
   "portfolio_pct": 9.18,
   "value_usd": 819675318,
   "change": "REDUCE",
   "share_change_pct": -1.6,
   "quarters_held": 53
  },
  {
   "manager": "Fundsmith",
   "moatshark_slug": "fundsmith",
   "period": "2026-06-30",
   "portfolio_pct": 3.86,
   "value_usd": 527116201,
   "change": "REDUCE",
   "share_change_pct": -43,
   "quarters_held": 54
  },
  {
   "manager": "First Eagle Investment Management",
   "moatshark_slug": "first-eagle-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 1.76,
   "value_usd": 1071976429,
   "change": "ADD",
   "share_change_pct": 0.6,
   "quarters_held": 33
  },
  {
   "manager": "Troy Asset Management",
   "moatshark_slug": "troy-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.62,
   "value_usd": 22351431,
   "change": "REDUCE",
   "share_change_pct": -5.3,
   "quarters_held": 36
  },
  {
   "manager": "Markel Group",
   "moatshark_slug": "markel-group",
   "period": "2026-06-30",
   "portfolio_pct": 0.16,
   "value_usd": 20714195,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  },
  {
   "manager": "Horizon Kinetics",
   "moatshark_slug": "horizon-kinetics",
   "period": "2026-06-30",
   "portfolio_pct": 0.04,
   "value_usd": 3550178,
   "change": "REDUCE",
   "share_change_pct": -0.6,
   "quarters_held": 30
  },
  {
   "manager": "Semper Augustus",
   "moatshark_slug": "semper-augustus",
   "period": "2026-06-30",
   "portfolio_pct": 0.04,
   "value_usd": 318763,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 2
  },
  {
   "manager": "Yacktman Asset Management",
   "moatshark_slug": "yacktman-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 904550,
   "change": "REDUCE",
   "share_change_pct": -15.3,
   "quarters_held": 53
  },
  {
   "manager": "Dodge & Cox",
   "moatshark_slug": "dodge-cox",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 2985015,
   "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": 1102285,
   "change": "ADD",
   "share_change_pct": 19.5,
   "quarters_held": 53
  },
  {
   "manager": "Mairs & Power",
   "moatshark_slug": "mairs-power",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 458969,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 53
  }
 ]
}