{"data":{"pack":{"id":"13f-copycat-multi-manager-2026-03-31:view:any:berkshire-hathaway+pershing-square+duquesne-family-office","version":"multi-manager-2026-03-31-v0.6","generatedAt":"2026-07-23T00:30:17.303Z","asOf":"2026-05-15","methodologyVersion":"13f-ethos-live-v0.6"},"view":{"mode":"any","managerIds":["berkshire-hathaway","pershing-square","duquesne-family-office"],"managerCount":3,"derivedFromId":"13f-copycat-multi-manager-2026-03-31","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":5.57,"previousWeightPct":2.01,"weightChangePct":3.56,"currentMarketValueUsd":15609381956,"previousMarketValueUsd":5918654407,"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":5.93,"previousWeightPct":2.04,"weightChangePct":3.89,"currentMarketValueUsd":15600071913,"previousMarketValueUsd":5585842446,"currentShares":54249798,"previousShares":17846142,"shareChange":36403656,"marketValueChangeUsd":10014229467,"longitudinal":{"reportDate":"2026-03-31","historyStartReportDate":"2023-09-30","observedReportCount":11,"positionRank":7,"positionCount":29,"positionWeightPercentile":78.57,"shareChangePct":203.99,"managerMoveMagnitudePercentile":100,"holdingDurationQuarters":3,"positiveStreakQuarters":1,"negativeStreakQuarters":0,"lifecycleStage":"added"},"sourceIds":["0001193125-26-226661","0001193125-26-054580"],"reviewStatus":"candidate","convictionSignals":["Berkshire Hathaway added 36,403,656 shares","Current 13F weight 5.93%","Market-value change $10B","Position rank 7/29 (78.57% percentile)","Share-count change 203.99%","Manager move magnitude 100% percentile","Positive action streak 1 observed quarter"],"summary":"Berkshire Hathaway added ALPHABET INC-CL A (GOOGL) by 36,403,656 shares. Current 13F weight is 5.93%. 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":"exited","currentWeightPct":0,"previousWeightPct":2.68,"weightChangePct":-2.68,"currentMarketValueUsd":0,"previousMarketValueUsd":120505000,"currentShares":0,"previousShares":385000,"shareChange":-385000,"marketValueChangeUsd":-120505000,"longitudinal":{"reportDate":"2026-03-31","historyStartReportDate":"2022-12-31","observedReportCount":14,"positionCount":65,"shareChangePct":-100,"managerMoveMagnitudePercentile":93.9,"holdingDurationQuarters":2,"positiveStreakQuarters":0,"negativeStreakQuarters":1,"lifecycleStage":"exited"},"sourceIds":["0001536411-26-000004","0001536411-26-000002"],"reviewStatus":"warn","convictionSignals":["Duquesne Family Office exited 385,000 shares","Current 13F weight 0%","Market-value change -$120.5M","Exited prior position after 2 observed quarters","Share-count change -100%","Manager move magnitude 93.9% percentile","Negative action streak 1 observed quarter"],"summary":"Duquesne Family Office exited ALPHABET INC-CL A (GOOGL) by 385,000 shares. Current 13F weight is 0%. SignalPack scores this change through selected ethos lenses before any handoff."}],"longitudinalConsensus":{"type":"mixed","averagePositionWeightPercentile":39.28,"averageManagerMoveMagnitudePercentile":77.13,"longestHoldingDurationQuarters":5,"longestPositiveStreakQuarters":1,"longestNegativeStreakQuarters":3},"conviction":{"modelVersion":"13f-conviction-v1","score":41.95,"managerCountScore":30,"portfolioWeightScore":5.57,"weightChangeScore":3.56,"newPositionScore":0,"positionStrengthScore":1.96,"moveMagnitudeScore":3.86,"persistenceScore":2,"consensusScore":-5,"directionScore":0},"convictionSignals":["3 managers surfaced this ticker","Manager actions: Berkshire added, Pershing reduced, Duquesne exited","Combined current 13F weight 5.57%","Aggregate market-value change $9.7B","1 positive / 2 negative manager actions","Longitudinal consensus mixed","Longest positive streak 1 observed quarter","Manager-behavior conviction 41.95/76 (13f-conviction-v1)"],"sourceIds":["0001193125-26-226661","0001193125-26-054580","0001172661-26-002336","0001172661-26-001091","0001536411-26-000004","0001536411-26-000002"],"reviewStatus":"candidate","summary":"3 selected manager changes for ALPHABET INC-CL A (GOOGL): Berkshire added, Pershing reduced, Duquesne exited. Combined current 13F weight across selected managers is 5.57%. SignalPack scores the aggregated ticker signal through selected ethos lenses before any handoff."},"evidence":{"ticker":"GOOGL","asOf":"May 15, 2026","reportDate":"Mar 31, 2026","conviction":{"value":"41.95/76","label":"Manager-behavior conviction","detail":"13f-conviction-v1 keeps filing behavior separate from company fundamentals."},"consensus":{"label":"Managers disagree","detail":"77.13th percentile average move magnitude · 39.28th percentile average position strength"},"managers":[{"id":"berkshire-hathaway","name":"Berkshire","action":"Added shares","weight":"5.93% reported weight","position":"Position 7 of 29","shareChange":"+203.99% shares","moveMagnitude":"100th percentile move","lifecycle":"Added","streak":"1-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":"Exited position","weight":"0% reported weight","position":"Position exited","shareChange":"-100% shares","moveMagnitude":"93.9th percentile move","lifecycle":"Exited","streak":"1-quarter negative 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":"0.09×","status":"available","source":"SEC Company Facts","detail":"Derived with sec-company-facts-derived-v2."}],"valuation":[{"id":"impliedPriceUsd","label":"Implied quarter-end price","value":"$287.56","status":"available","source":"13F-derived","detail":"Delayed quarter-end price proxy derived from 2 13F value/share observation(s)."},{"id":"impliedPriceRangeUsd","label":"Filing-precision range","value":"$287.56","status":"available","source":"13F-derived","detail":"Bounds reflect the reported market-value precision across 2 observation(s)."},{"id":"peRatio","label":"Delayed P/E","value":"26.6×","status":"available","source":"13F-derived","detail":"Delayed 13F quarter-end price proxy divided by latest point-in-time annual diluted EPS."},{"id":"pbRatio","label":"Delayed P/B","value":"8.47×","status":"available","source":"13F-derived","detail":"Delayed 13F quarter-end price proxy divided by latest point-in-time annual book value per diluted share."},{"id":"grahamNumberUsd","label":"Graham value proxy","value":"$90.88","status":"available","source":"13F-derived","detail":"Square root of 22.5 times point-in-time annual diluted EPS and book value per diluted share."},{"id":"marginOfSafetyPct","label":"Margin of safety","value":"-216.43%","status":"available","source":"13F-derived","detail":"Graham-number proxy less delayed 13F price, divided by the Graham-number proxy."}],"quality":{"tone":"pass","label":"Cross-manager checked","summary":"12/12 displayed metrics are available.","details":["Identity, asset structure, report date, filing units, sanity range, and manager agreement gates passed."]},"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.","2 current-position 13F observation(s) support the delayed Mar 31, 2026 price proxy, available after filings through May 15, 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":"fail","confidenceLabel":"high","evaluatedCriteria":6,"totalCriteria":7,"coveragePct":85.71,"knownOutcome":"fail","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":["Valuation is too expensive for this lens","No meaningful margin of safety"],"missingData":["revenue or market cap"]},{"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":"high-disagreement","passingEthos":["moat-builder"],"warningEthos":[],"failingEthos":["intelligent-investor"],"pendingEthos":["disruption-thesis"],"summary":"GOOGL creates useful tension: 1 ethos lens passes while 1 fails. 1 lens is pending evidence."},"sources":[{"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":"0001193125-26-054580","type":"13F-HR","cik":"1067983","managerName":"Berkshire Hathaway","accessionNumber":"0001193125-26-054580","filedAt":"2026-02-17","reportQuarter":"2025-12-31","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1067983/000119312526054580/50240.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":"0001536411-26-000004","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"},{"id":"0001536411-26-000002","type":"13F-HR","cik":"1536411","managerName":"Duquesne Family Office","accessionNumber":"0001536411-26-000002","filedAt":"2026-02-17","reportQuarter":"2025-12-31","sourceUrl":"https://www.sec.gov/Archives/edgar/data/1536411/000153641126000002/form13f_20251231.xml"}],"limitations":["Derived manager-selection view from multi-manager-2026-03-31-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-v3:114.","Fundamental context uses SEC Company Facts data (sec-company-facts-normalized-v2:54, sec-research-context-rubric-v1:49, 13f-implied-valuation-v1:77).","Longitudinal manager features use 11 common observed report dates from 2023-09-30; 30 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 65 ticker(s), not applicable to valuation ratios for 12 unsupported security structure(s), and blocked by identity/unit gates for 0 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}}