{
 "company": "Spdr S&P 500 Etf Trust",
 "ticker": "SPY",
 "page": "https://www.moatshark.com/s/spy",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Giverny Capital",
   "moatshark_slug": "giverny-capital",
   "period": "2026-06-30",
   "portfolio_pct": 0.06,
   "value_usd": 1713090,
   "change": "REDUCE",
   "share_change_pct": -7.3,
   "quarters_held": 36
  },
  {
   "manager": "Mairs & Power",
   "moatshark_slug": "mairs-power",
   "period": "2026-06-30",
   "portfolio_pct": 0.06,
   "value_usd": 6182673,
   "change": "REDUCE",
   "share_change_pct": -69.5,
   "quarters_held": 53
  },
  {
   "manager": "Polen Capital Management",
   "moatshark_slug": "polen-capital-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.03,
   "value_usd": 3000749,
   "change": "ADD",
   "share_change_pct": 6.9,
   "quarters_held": 8
  },
  {
   "manager": "Yacktman Asset Management",
   "moatshark_slug": "yacktman-asset-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.03,
   "value_usd": 2657008,
   "change": "REDUCE",
   "share_change_pct": -5.6,
   "quarters_held": 19
  },
  {
   "manager": "Horizon Kinetics",
   "moatshark_slug": "horizon-kinetics",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 852065,
   "change": "REDUCE",
   "share_change_pct": -8.3,
   "quarters_held": 30
  },
  {
   "manager": "First Eagle Investment Management",
   "moatshark_slug": "first-eagle-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 0,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 1
  },
  {
   "manager": "Harris Associates (Oakmark)",
   "moatshark_slug": "harris-associates-oakmark",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 1604062,
   "change": "REDUCE",
   "share_change_pct": -72.1,
   "quarters_held": 17
  },
  {
   "manager": "Miller Value Partners",
   "moatshark_slug": "miller-value-partners",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 0,
   "change": "EXIT",
   "share_change_pct": null,
   "quarters_held": 1
  }
 ]
}