{
 "company": "Waters",
 "ticker": "WAT",
 "page": "https://www.moatshark.com/s/wat",
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holders": [
  {
   "manager": "Fundsmith",
   "moatshark_slug": "fundsmith",
   "period": "2026-06-30",
   "portfolio_pct": 6.25,
   "value_usd": 852702945,
   "change": "REDUCE",
   "share_change_pct": -29.2,
   "quarters_held": 46
  },
  {
   "manager": "AKO Capital",
   "moatshark_slug": "ako-capital",
   "period": "2026-06-30",
   "portfolio_pct": 1.78,
   "value_usd": 76267000,
   "change": "REDUCE",
   "share_change_pct": -75.1,
   "quarters_held": 12
  },
  {
   "manager": "First Pacific Advisors (FPA)",
   "moatshark_slug": "first-pacific-advisors-fpa",
   "period": "2026-06-30",
   "portfolio_pct": 1.24,
   "value_usd": 100572227,
   "change": "ADD",
   "share_change_pct": 0.3,
   "quarters_held": 2
  },
  {
   "manager": "First Eagle Investment Management",
   "moatshark_slug": "first-eagle-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.82,
   "value_usd": 500718821,
   "change": "REDUCE",
   "share_change_pct": -15.2,
   "quarters_held": 2
  },
  {
   "manager": "Jensen Investment Management",
   "moatshark_slug": "jensen-investment-management",
   "period": "2026-06-30",
   "portfolio_pct": 0.35,
   "value_usd": 14463793,
   "change": "REDUCE",
   "share_change_pct": -0.5,
   "quarters_held": 53
  },
  {
   "manager": "Harris Associates (Oakmark)",
   "moatshark_slug": "harris-associates-oakmark",
   "period": "2026-06-30",
   "portfolio_pct": 0.01,
   "value_usd": 6905612,
   "change": "REDUCE",
   "share_change_pct": -93.6,
   "quarters_held": 2
  },
  {
   "manager": "Mairs & Power",
   "moatshark_slug": "mairs-power",
   "period": "2026-06-30",
   "portfolio_pct": 0,
   "value_usd": 359663,
   "change": "ADD",
   "share_change_pct": 0.1,
   "quarters_held": 2
  }
 ]
}