{
 "company": "S&P Global",
 "ticker": "SPGI",
 "page": "https://www.moatshark.com/s/spgi",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Valley Forge Capital Management",
   "moatshark_slug": "valley-forge-capital-management",
   "period": "2026-06-30",
   "portfolio_pct": 19.92,
   "value_usd": 620678901,
   "change": "REDUCE",
   "share_change_pct": -13.3,
   "quarters_held": 39
  },
  {
   "manager": "TCI Fund Management",
   "moatshark_slug": "tci-fund-management",
   "period": "2026-06-30",
   "portfolio_pct": 10.87,
   "value_usd": 5735017808,
   "change": "ADD",
   "share_change_pct": 0.3,
   "quarters_held": 38
  },
  {
   "manager": "Dorsey Asset Management",
   "moatshark_slug": "dorsey-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 8.25,
   "value_usd": 128862358,
   "change": "ADD",
   "share_change_pct": 42.1,
   "quarters_held": 2
  },
  {
   "manager": "Pershing Square",
   "moatshark_slug": "pershing-square",
   "period": "2026-06-30",
   "portfolio_pct": 5.43,
   "value_usd": 1056088305,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Cantillon Capital Management",
   "moatshark_slug": "cantillon-capital-management",
   "period": "2026-06-30",
   "portfolio_pct": 4.36,
   "value_usd": 29016868,
   "change": "REDUCE",
   "share_change_pct": -95.4,
   "quarters_held": 41
  },
  {
   "manager": "Wedgewood Partners",
   "moatshark_slug": "wedgewood-partners",
   "period": "2026-06-30",
   "portfolio_pct": 2.63,
   "value_usd": 12763035,
   "change": "REDUCE",
   "share_change_pct": -3.2,
   "quarters_held": 12
  },
  {
   "manager": "Semper Augustus",
   "moatshark_slug": "semper-augustus",
   "period": "2026-06-30",
   "portfolio_pct": 2.12,
   "value_usd": 18729480,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Troy Asset Management",
   "moatshark_slug": "troy-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.52,
   "value_usd": 18491233,
   "change": "ADD",
   "share_change_pct": 10.3,
   "quarters_held": 25
  },
  {
   "manager": "Markel Group",
   "moatshark_slug": "markel-group",
   "period": "2026-06-30",
   "portfolio_pct": 0.37,
   "value_usd": 47930429,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 41
  },
  {
   "manager": "Weitz Investment Management",
   "moatshark_slug": "weitz-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.2,
   "value_usd": 2911909,
   "change": "ADD",
   "share_change_pct": 1.4,
   "quarters_held": 26
  },
  {
   "manager": "Lindsell Train",
   "moatshark_slug": "lindsell-train",
   "period": "2026-06-30",
   "portfolio_pct": 0.11,
   "value_usd": 3013724,
   "change": "ADD",
   "share_change_pct": 1.4,
   "quarters_held": 25
  },
  {
   "manager": "Brave Warrior Advisors",
   "moatshark_slug": "brave-warrior-advisors",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 570571,
   "change": "NEW",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Horizon Kinetics",
   "moatshark_slug": "horizon-kinetics",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 1209721,
   "change": "REDUCE",
   "share_change_pct": -20.8,
   "quarters_held": 30
  },
  {
   "manager": "Dodge & Cox",
   "moatshark_slug": "dodge-cox",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 2117752,
   "change": "REDUCE",
   "share_change_pct": -3.7,
   "quarters_held": 41
  },
  {
   "manager": "Himalaya Capital",
   "moatshark_slug": "himalaya-capital",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 0,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Ruane, Cunniff & Goldfarb (Sequoia)",
   "moatshark_slug": "ruane-cunniff-goldfarb-sequoia",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 216255,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 11
  }
 ]
}