{"data":{"pack":{"id":"13f-copycat-multi-manager-2026-06-30:view:any:berkshire-hathaway+pershing-square+duquesne-family-office","version":"multi-manager-2026-06-30-v0.6","generatedAt":"2026-09-05T18:36:08.124Z","asOf":"2026-08-14","methodologyVersion":"13f-ethos-live-v0.6"},"view":{"mode":"any","managerIds":["berkshire-hathaway","pershing-square","duquesne-family-office"],"managerCount":3,"derivedFromId":"13f-copycat-multi-manager-2026-06-30","description":"Berkshire Hathaway, Pershing Square Capital Management, and Duquesne Family Office 13F view showing all mapped ticker-level changes touched by the selected manager set with source records, ethos scoring, and policy checks recalculated for this selection."},"position":{"ticker":"GOOGL","issuerName":"ALPHABET INC-CL A","action":"added","currentWeightPct":8.89,"previousWeightPct":5.61,"weightChangePct":3.28,"currentMarketValueUsd":28287093394,"previousMarketValueUsd":15812378874,"filerCount":3,"managerIds":["berkshire-hathaway","pershing-square","duquesne-family-office"],"managerBreakdown":[{"managerId":"berkshire-hathaway","managerName":"Berkshire Hathaway","ticker":"GOOGL","issuerName":"ALPHABET INC-CL A","action":"added","currentWeightPct":9.41,"previousWeightPct":5.93,"weightChangePct":3.48,"currentMarketValueUsd":28157599351,"previousMarketValueUsd":15600071913,"currentShares":78791167,"previousShares":54249798,"shareChange":24541369,"marketValueChangeUsd":12557527438,"longitudinal":{"reportDate":"2026-06-30","historyStartReportDate":"2023-09-30","observedReportCount":12,"positionRank":4,"positionCount":29,"positionWeightPercentile":89.29,"shareChangePct":45.24,"managerMoveMagnitudePercentile":100,"holdingDurationQuarters":4,"positiveStreakQuarters":2,"negativeStreakQuarters":0,"lifecycleStage":"building"},"sourceIds":["0001193125-26-352200","0001193125-26-226661"],"reviewStatus":"candidate","convictionSignals":["Berkshire Hathaway added 24,541,369 shares","Current 13F weight 9.41%","Market-value change $12.6B","Position rank 4/29 (89.29% percentile)","Share-count change 45.24%","Manager move magnitude 100% percentile","Positive action streak 2 observed quarters"],"summary":"Berkshire Hathaway added ALPHABET INC-CL A (GOOGL) by 24,541,369 shares. Current 13F weight is 9.41%. SignalPack scores this change through selected ethos lenses before any handoff."},{"managerId":"pershing-square","managerName":"Pershing Square Capital Management","ticker":"GOOGL","issuerName":"ALPHABET INC-CL A","action":"reduced","currentWeightPct":0.07,"previousWeightPct":1.37,"weightChangePct":-1.3,"currentMarketValueUsd":9310043,"previousMarketValueUsd":212306961,"currentShares":32376,"previousShares":678297,"shareChange":-645921,"marketValueChangeUsd":-202996918,"longitudinal":{"reportDate":"2026-03-31","historyStartReportDate":"2023-03-31","observedReportCount":13,"positionRank":11,"positionCount":11,"positionWeightPercentile":0,"shareChangePct":-95.23,"managerMoveMagnitudePercentile":37.5,"holdingDurationQuarters":5,"positiveStreakQuarters":0,"negativeStreakQuarters":3,"lifecycleStage":"trimming"},"sourceIds":["0001172661-26-002336","0001172661-26-001091"],"reviewStatus":"warn","convictionSignals":["Pershing Square Capital Management reduced 645,921 shares","Current 13F weight 0.07%","Market-value change -$203M","Position rank 11/11 (0% percentile)","Share-count change -95.23%","Manager move magnitude 37.5% percentile","Negative action streak 3 observed quarters"],"summary":"Pershing Square Capital Management reduced ALPHABET INC-CL A (GOOGL) by 645,921 shares. Current 13F weight is 0.07%. SignalPack scores this change through selected ethos lenses before any handoff."},{"managerId":"duquesne-family-office","managerName":"Duquesne Family Office","ticker":"GOOGL","issuerName":"ALPHABET INC-CL A","action":"new","currentWeightPct":2.31,"previousWeightPct":0,"weightChangePct":2.31,"currentMarketValueUsd":120184000,"previousMarketValueUsd":0,"currentShares":336300,"previousShares":0,"shareChange":336300,"marketValueChangeUsd":120184000,"longitudinal":{"reportDate":"2026-06-30","historyStartReportDate":"2023-03-31","observedReportCount":14,"positionRank":8,"positionCount":86,"positionWeightPercentile":91.76,"managerMoveMagnitudePercentile":97.8,"holdingDurationQuarters":1,"positiveStreakQuarters":1,"negativeStreakQuarters":0,"lifecycleStage":"reentered"},"sourceIds":["0001536411-26-000006","0001536411-26-000004"],"reviewStatus":"candidate","convictionSignals":["Duquesne Family Office new 336,300 shares","Current 13F weight 2.31%","Market-value change $120.2M","Position rank 8/86 (91.76% percentile)","Lifecycle reentered","Manager move magnitude 97.8% percentile","Positive action streak 1 observed quarter"],"summary":"Duquesne Family Office new ALPHABET INC-CL A (GOOGL) by 336,300 shares. Current 13F weight is 2.31%. SignalPack scores this change through selected ethos lenses before any handoff."}],"longitudinalConsensus":{"type":"mixed","averagePositionWeightPercentile":60.35,"averageManagerMoveMagnitudePercentile":78.43,"longestHoldingDurationQuarters":5,"longestPositiveStreakQuarters":2,"longestNegativeStreakQuarters":3},"conviction":{"modelVersion":"13f-conviction-v1","score":48.11,"managerCountScore":30,"portfolioWeightScore":8.89,"weightChangeScore":3.28,"newPositionScore":0,"positionStrengthScore":3.02,"moveMagnitudeScore":3.92,"persistenceScore":4,"consensusScore":-5,"directionScore":0},"convictionSignals":["3 managers surfaced this ticker","Manager actions: Berkshire added, Pershing reduced, Duquesne new","Combined current 13F weight 8.89%","Aggregate market-value change $12.5B","2 positive / 1 negative manager actions","Longitudinal consensus mixed","Longest positive streak 2 observed quarters","Manager-behavior conviction 48.11/76 (13f-conviction-v1)"],"sourceIds":["0001193125-26-352200","0001193125-26-226661","0001172661-26-002336","0001172661-26-001091","0001536411-26-000006","0001536411-26-000004"],"reviewStatus":"candidate","summary":"3 selected manager changes for ALPHABET INC-CL A (GOOGL): Berkshire added, Pershing reduced, Duquesne new. Combined current 13F weight across selected managers is 8.89%. SignalPack scores the aggregated ticker signal through selected ethos lenses before any handoff."},"evidence":{"ticker":"GOOGL","asOf":"Aug 14, 2026","reportDate":"Jun 30, 2026","conviction":{"value":"48.11/76","label":"Manager-behavior conviction","detail":"13f-conviction-v1 keeps filing behavior separate from company fundamentals."},"consensus":{"label":"Managers disagree","detail":"78.43th percentile average move magnitude · 60.35th percentile average position strength"},"managers":[{"id":"berkshire-hathaway","name":"Berkshire","action":"Added shares","weight":"9.41% reported weight","position":"Position 4 of 29","shareChange":"+45.24% shares","moveMagnitude":"100th percentile move","lifecycle":"Building","streak":"2-quarter positive streak"},{"id":"pershing-square","name":"Pershing Square","action":"Reduced shares","weight":"0.07% reported weight","position":"Position 11 of 11","shareChange":"-95.23% shares","moveMagnitude":"37.5th percentile move","lifecycle":"Trimming","streak":"3-quarter negative streak"},{"id":"duquesne-family-office","name":"Duquesne","action":"New position","weight":"2.31% reported weight","position":"Position 8 of 86","shareChange":"New position","moveMagnitude":"97.8th percentile move","lifecycle":"Reentered","streak":"1-quarter positive streak"}],"fundamentals":[{"id":"revenueUsd","label":"Annual revenue","value":"$402.8B","status":"available","source":"SEC Company Facts","detail":"Derived with sec-company-facts-derived-v2."},{"id":"revenueCagr5YearPct","label":"5-year revenue CAGR","value":"17.15%","status":"available","source":"SEC Company Facts","detail":"Derived with sec-company-facts-derived-v2."},{"id":"operatingMarginPct","label":"Operating margin","value":"32.03%","status":"available","source":"SEC Company Facts","detail":"Derived with sec-company-facts-derived-v2."},{"id":"freeCashFlowMarginPct","label":"Free-cash-flow margin","value":"18.19%","status":"available","source":"SEC Company Facts","detail":"Derived with sec-company-facts-derived-v2."},{"id":"roicPct","label":"Return on invested capital","value":"24.76%","status":"available","source":"SEC Company Facts","detail":"Derived with sec-company-facts-derived-v2."},{"id":"netLongTermDebtToEquity","label":"Net long-term debt / equity","value":"0.07×","status":"available","source":"SEC Company Facts","detail":"Derived with sec-company-facts-derived-v2."}],"valuation":[{"id":"impliedPriceUsd","label":"Implied quarter-end price","value":"Withheld","status":"failed-quality","source":"Quality gate","detail":"The delayed 13F valuation proxy failed identity or unit quality gates: mixed-report-dates, cross-manager-price-conflict."},{"id":"impliedPriceRangeUsd","label":"Filing-precision range","value":"Withheld","status":"failed-quality","source":"13F-derived","detail":"Identity or unit quality gates blocked this proxy."},{"id":"peRatio","label":"Delayed P/E","value":"Withheld","status":"failed-quality","source":"Quality gate","detail":"The delayed 13F valuation proxy failed identity or unit quality gates: mixed-report-dates, cross-manager-price-conflict."},{"id":"pbRatio","label":"Delayed P/B","value":"Withheld","status":"failed-quality","source":"Quality gate","detail":"The delayed 13F valuation proxy failed identity or unit quality gates: mixed-report-dates, cross-manager-price-conflict."},{"id":"grahamNumberUsd","label":"Graham value proxy","value":"Withheld","status":"failed-quality","source":"Quality gate","detail":"The delayed 13F valuation proxy failed identity or unit quality gates: mixed-report-dates, cross-manager-price-conflict."},{"id":"marginOfSafetyPct","label":"Margin of safety","value":"Withheld","status":"failed-quality","source":"Quality gate","detail":"The delayed 13F valuation proxy failed identity or unit quality gates: mixed-report-dates, cross-manager-price-conflict."}],"quality":{"tone":"blocked","label":"Valuation withheld","summary":"6/12 displayed metrics are available; 6 unavailable or withheld.","details":["GOOGL observations span multiple report dates: 2026-06-30, 2026-03-31.","GOOGL manager-implied prices differ by 24.2767% after filing-precision bounds."]},"lineage":["6 SEC filing record(s) support the selected manager change set.","21 displayed or supporting fields trace to immutable SEC Company Facts data; unsupported qualitative and market claims are intentionally excluded from this panel.","3 current-position 13F observation(s) support the delayed Jun 30, 2026 price proxy, available after filings through Aug 14, 2026."],"marketDataPending":"Daily adjusted prices, returns, volatility, liquidity, and benchmark comparisons arrive in Checkpoint 3; none are inferred from this delayed filing proxy."},"ethosScores":[{"ticker":"GOOGL","ethosId":"intelligent-investor","score":2,"maxScore":7,"status":"pending","confidenceLabel":"low","evaluatedCriteria":4,"totalCriteria":7,"coveragePct":57.14,"knownOutcome":"warn","passReasons":["Balance sheet passes the current-ratio check","Positive earnings history is long enough"],"warnReasons":["Dividend record is shorter than the Graham threshold","Long-term EPS growth is below the target"],"failReasons":[],"missingData":["revenue or market cap","P/E or P/B","margin of safety"]},{"ticker":"GOOGL","ethosId":"moat-builder","score":5,"maxScore":6,"status":"pass","confidenceLabel":"high","evaluatedCriteria":6,"totalCriteria":6,"coveragePct":100,"knownOutcome":"pass","passReasons":["ROIC supports a quality-business thesis","SEC-derived financial-durability proxy is strong","Leverage is acceptable for this lens","SEC-derived capital-stewardship proxy clears the lens","Filer behavior suggests real conviction"],"warnReasons":["Owner earnings growth is modest"],"failReasons":[],"missingData":[]},{"ticker":"GOOGL","ethosId":"disruption-thesis","score":2,"maxScore":5,"status":"pending","confidenceLabel":"low","evaluatedCriteria":2,"totalCriteria":5,"coveragePct":40,"knownOutcome":"pass","passReasons":["SEC-derived realized-expansion proxy is strong","Revenue growth supports the disruption lens"],"warnReasons":[],"failReasons":[],"missingData":["source-backed innovation-platform mapping","platform score","network effect or convergence score"]}],"ethosOverlap":{"ticker":"GOOGL","agreement":"partial-overlap","passingEthos":["moat-builder"],"warningEthos":[],"failingEthos":[],"pendingEthos":["intelligent-investor","disruption-thesis"],"summary":"GOOGL has a partial signal with 1 pass and 0 warning outcomes. 2 lenses are pending evidence."},"sources":[{"id":"0001193125-26-352200","type":"13F-HR","cik":"1067983","managerName":"Berkshire Hathaway","accessionNumber":"0001193125-26-352200","filedAt":"2026-08-14","reportQuarter":"2026-06-30","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1067983/000119312526352200/56757.xml"},{"id":"0001193125-26-226661","type":"13F-HR","cik":"1067983","managerName":"Berkshire Hathaway","accessionNumber":"0001193125-26-226661","filedAt":"2026-05-15","reportQuarter":"2026-03-31","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1067983/000119312526226661/53405.xml"},{"id":"0001172661-26-002336","type":"13F-HR","cik":"1336528","managerName":"Pershing Square Capital Management","accessionNumber":"0001172661-26-002336","filedAt":"2026-05-15","reportQuarter":"2026-03-31","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1336528/000117266126002336/infotable.xml"},{"id":"0001172661-26-001091","type":"13F-HR","cik":"1336528","managerName":"Pershing Square Capital Management","accessionNumber":"0001172661-26-001091","filedAt":"2026-02-17","reportQuarter":"2025-12-31","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1336528/000117266126001091/infotable.xml"},{"id":"0001536411-26-000006","type":"13F-HR","cik":"1536411","managerName":"Duquesne Family Office","accessionNumber":"0001536411-26-000006","filedAt":"2026-08-14","reportQuarter":"2026-06-30","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1536411/000153641126000006/form13f_20260630.xml"},{"id":"0001536411-26-000004","type":"13F-HR","cik":"1536411","managerName":"Duquesne Family Office","accessionNumber":"0001536411-26-000004","filedAt":"2026-05-15","reportQuarter":"2026-03-31","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1536411/000153641126000004/form13f_20260331.xml"}],"limitations":["Derived manager-selection view from multi-manager-2026-06-30-v0.6; no separate JSON artifact is generated for this combination.","Read-only research artifact. No execution, custody, or personalized advice.","Multi-manager rows aggregate manager-level 13F changes by ticker; individual filing records remain attached as source IDs.","CUSIP-to-ticker mapping resolved through openfigi-v3:109.","Fundamental context uses SEC Company Facts data (sec-company-facts-normalized-v2:109, sec-research-context-rubric-v1:106, 13f-implied-valuation-v1:85).","Longitudinal manager features use 12 common observed report dates from 2023-09-30; 38 listed put/call row(s) were preserved in source data but excluded from equity signals.","Delayed quarter-end 13F value/share proxies are available for 73 ticker(s), not applicable to valuation ratios for 9 unsupported security structure(s), and blocked by identity/unit gates for 3 ticker(s); they are not live or backtest prices.","All selected raw change candidates mapped to tickers."]},"meta":{"apiVersion":"v1","contractVersion":"0.1.0","capability":"position.explain","deprecated":false}}