Norbert Lou - Punch Card Management Portfolio Holdings (Jun 30, 2025)

As of Jun 30, 2025, the Punch Card Management portfolio holdings is valued at approximately $309.88M, featuring 6 publicly traded holdings. This in-depth profile highlights the top investments led by BERKSHIRE HATHAWAY INC DEL (BRK-A), ISHARES TR (SGOV), CROCS INC (CROX), PAYPAL HLDGS INC (PYPL), PDD HOLDINGS INC (PDD), and others based on the company's latest SEC filings reported on Aug 14, 2025. Explore insights into portfolio composition, sector allocation, and recent trade activity.

Punch Card Management’s stock portfolio spans 6 holdings across 4 different sectors, with a total market value of $309.88M. The Financial Services sector represents the largest allocation, while the top holdings account for nearly 99% of the total portfolio value. BERKSHIRE HATHAWAY INC DEL remains single largest position at 34.1% of all equity investments.

Balances

Trends by sector

Investment Adjustments from Previous Filing

Punch Card Management Holdings

Symbol	Company	Portfolio %	Price	Quantity	Change Qty	Change Value	% Change	Total Value
BRK-A BERKSHIRE HATHAWAY INC DEL	BERKSHIRE HATHAWAY INC DEL	34.10%	$728800.00	145	-	-	-	$105,676,000
SGOV ISHARES TR	ISHARES TR	18.39%	$100.69	566,000	-15,100	-$1,520,419	-2.60%	$56,990,540
CROX CROCS INC	CROCS INC	17.36%	$101.28	531,108	531,108	$53,790,618	100.00%	$53,790,618
PYPL PAYPAL HLDGS INC	PAYPAL HLDGS INC	15.60%	$74.32	650,447	650,447	$48,341,221	100.00%	$48,341,221
PDD PDD HOLDINGS INC	PDD HOLDINGS INC	14.02%	$104.66	415,004	108,253	$11,329,759	35.29%	$43,434,319
SWBI SMITH & WESSON BRANDS INC	SMITH & WESSON BRANDS INC	0.53%	$8.68	189,933	-459,023	-$3,984,319	-70.73%	$1,648,618