{
 "company": "Royal Gold",
 "ticker": "RGLD",
 "page": "https://www.moatshark.com/s/rgld",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Muhlenkamp & Company",
   "moatshark_slug": "muhlenkamp-company",
   "period": "2026-06-30",
   "portfolio_pct": 5.09,
   "value_usd": 17583246,
   "change": "ADD",
   "share_change_pct": 0.2,
   "quarters_held": 22
  },
  {
   "manager": "First Eagle Investment Management",
   "moatshark_slug": "first-eagle-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.28,
   "value_usd": 172021103,
   "change": "REDUCE",
   "share_change_pct": -6.1,
   "quarters_held": 53
  },
  {
   "manager": "Horizon Kinetics",
   "moatshark_slug": "horizon-kinetics",
   "period": "2026-06-30",
   "portfolio_pct": 0.1,
   "value_usd": 9195573,
   "change": "REDUCE",
   "share_change_pct": -2.3,
   "quarters_held": 30
  }
 ]
}