Punch Card Management Norbert Lou

Top positions activity

Value History

Quarterly report: Q4 2025

Total portfolio value: $300.9M
TICKER CORP NAME VALUE($) SHARES +/- SHARES OWNERSHIP HISTORY
BRK.A
Berkshire Hathaway Inc. - Class A 109.4M 36.37% 145 =
SGOV
iShares Trust - iShares 0-3 Month Treasury Bond ETF 56.8M 18.88% 566.0K =
CROX
Crocs Inc 50.8M 16.89% 594.6K -37.7K ↓5.96%
PDD
Pinduoduo Inc - ADR 47.1M 15.63% 415.0K =
PYPL
PayPal Holdings Inc 36.7M 12.2% 628.9K -21.5K ↓3.31%
Sold Out Positions
TICKER CORP NAME VALUE($) SHARES +/- SHARES
FISV
Fiserv, Inc. 4.8M 1.47% 37.0K Sold Out