Punch Card Management Norbert Lou

Top positions activity

Value History

Quarterly report: Q3 2025

Total portfolio value: $322.4M
TICKER CORP NAME VALUE($) SHARES +/- SHARES OWNERSHIP HISTORY
BRK.A
Berkshire Hathaway Inc. - Class A 109.4M 33.91% 145 =
SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF 57.0M 17.67% 566.0K =
PDD
Pinduoduo Inc - ADR 54.9M 17.01% 415.0K =
CROX
Crocs Inc 52.8M 16.38% 632.2K +101.1K ↑19.04%
PYPL
PayPal Holdings Inc 43.6M 13.52% 650.4K =
FISV
Fiserv, Inc. 4.8M 1.47% 37.0K +37.0K Newly Added
Sold Out Positions
TICKER CORP NAME VALUE($) SHARES +/- SHARES
SWBI
Smith & Wesson Brands Inc 1.6M 0.53% 189.9K Sold Out