{
 "format": "LSC-1",
 "lsc": "LSC-1",
 "edition": "E1",
 "cut": "2026-10-20",
 "name": "THE OWNERSHIP CARD",
 "handle": "ownership-card",
 "number": "Nº 1316",
 "house": "THE DESK",
 "wing": "THE RESEARCH",
 "role": "the holders seat — reads who owns a company, and who is moving",
 "tagline": "OWNERSHIP % · TOP-5 CONCENTRATION · HHI · NEW / ADDED / TRIMMED / EXITED",
 "hue": "#8B6B1E",
 "punch": "300CD16A55F0FBF00F7B6930",
 "punch_of": "SKILL.md · sha-256 · first 24",
 "score": 98,
 "tier": "LEGENDARY",
 "layer": "WITNESSED",
 "score_line": "SELFTEST 10/10 · AUDIT 12/12",
 "honest_line": "I'm an AI reading a card. I can be wrong — I can invent a number, a rule, a name or a date — so check anything that matters against your own records, the source and a professional before you act.",
 "term": "one purchase · yours to keep · nothing renews itself",
 "free": false,
 "wakes": "a company's ownership or 13F data needs structuring",
 "wakes_all": [
  "a company's ownership or 13F data needs structuring",
  "a person asks 'who owns this', 'what changed in the 13Fs', 'how concentrated is the register'",
  "a holder base needs its quarter-over-quarter moves classified"
 ],
 "loop": [
  "total · the share base from the holders you supply; refuse a zero total",
  "split · each holder's ownership percent, the top-5 concentration, the HHI",
  "compare · against prior holdings: new, added, trimmed, exited",
  "stop · a blank prior is [FILL]; no change is invented"
 ],
 "law": "A card builds and checks the analysis — the model, the screen, the thesis. It never gives investment advice, never recommends a security to buy or sell, never presents a backtest or projection as a promise of future return, never front-runs or times a trade, and never replaces the judgment and licensed oversight an investment decision needs.",
 "limit": "It structures the ownership data you supply; filings lag and are incomplete, and who owns a stock is not a reason to own it. Following holders is not a strategy.",
 "never": [
  "invents a holding or a prior position — a blank is [FILL], not a fabricated change",
  "gives investment advice or tells anyone to buy, sell, short, or trade",
  "presents a backtest, model, or projection as a promise of future return — unknown inputs are marked [FILL]",
  "front-runs, times a trade, or substitutes for a licensed professional's judgment"
 ],
 "handoff": "A holder's own thesis → THE EQUITY RESEARCH CARD. The short interest side → THE SHORT THESIS CARD.",
 "machine": "scripts/ownership.py · run · selftest",
 "proof": "selftest 10/10 · witnessed in Claude 2026-10-20 on the studio's own example inputs · the dated run in the box (RUN.md)",
 "faces": [
  "card.svg",
  "card-machine.svg"
 ],
 "box": [
  "AUDIT.md",
  "CARD.md",
  "LICENSE-NOTE.md",
  "MANIFEST.md",
  "MY-LEDGER.md",
  "RUN.md",
  "SKILL.md",
  "START-HERE.md",
  "TIN.md",
  "card-machine.svg",
  "card.json",
  "card.svg",
  "references/THE-METHOD.md",
  "scripts/ownership.py",
  "system/short-prompt.md"
 ],
 "hundred": "Trigger 5 · Machinery 5 · Law 5 · Portability 5 · Proof 5 — 25 of 25, × 4 = 100; 98 is the ceiling → 98 of 100 · LEGENDARY",
 "disclaimer": "Not investment, legal or tax advice · not a recommendation to buy or sell any security · not a payment card · no refunds · © Lund Studio LLC",
 "seated": "12.357.107"
}