Research report

Punch Card Management Q1 2026 13F Holdings and Activity Rep…

Verified Q1 2026 13F holdings for Punch Card Management, covering institutional activity, data dates, SEC sources, filing limits, and methods.

Q1 2026 Data as of：2026-03-31 Read the full public report

Punch Card Management

Norbert Lou

Period

Q2 2026

Portfolio Date

Jun 30, 2026

Stocks Held

5

Market Value

$256.0M

Holdings Value Trend

Q3 2024

Q4 2024

Q1 2025

Q2 2025

Q3 2025

Q4 2025

Q1 2026

Q2 2026

Top 5 Holdings

1

$BRK.A

Berkshire Hathaway Inc.

42.4%

% of Portfolio

2

$CROX

Crocs, Inc.

27.2%

% of Portfolio

3

$PDD

PDD Holdings Inc.

12.4%

% of Portfolio

4

$PYPL

PayPal Holdings, Inc.

10.6%

% of Portfolio

5

$ETF-SGOV

iShares 0-3 Month Treasury Bond ETF

7.4%

% of Portfolio

Historical Positions

SymbolQ2 2026Q1 2026Q4 2025Q3 2025
BRK.A42.4%38.5%36.4%33.9%
CROX27.2%18.2%16.9%16.4%
PDD12.4%15.7%15.6%17.0%
PYPL10.6%10.5%12.2%13.5%
ETF-SGOV7.4%17.1%18.9%17.7%

Post-Filing Contributors

Price change since reported price, ranked by portfolio contribution

PYPL+44.28%
CROX+2.03%
PDD+17.36%
BRK.A-0.57%

Sector Analysis

Financials57.3%
Consumer Discretionary42.7%

Trading Summary

No stocks in this category

All Holdings

1

$BRK.A

42.4%

2

$CROX

27.2%

3

$PDD

12.4%

4

$PYPL

10.6%

5

$ETF-SGOV

7.4%