Norbert Lou, Punch Card Management
Portfolio USD 255,952,000 across 5 positions as of 2026 Q2; history from 2019 Q2. Source: quarterly 13F filings via dataroma.com.
Positions, 2026 Q2
- BRK.A Berkshire Hathaway CL A: 42% of portfolio, USD 108,583,000, hold
- CROX Crocs Inc.: 27% of portfolio, USD 69,630,000, reduce -2.93%
- PDD Pinduoduo Inc.: 12% of portfolio, USD 31,657,000, hold
- PYPL PayPal Holdings Inc.: 11% of portfolio, USD 27,156,000, hold
- SGOV Ishares 0 3 Month Treasury B: 7.4% of portfolio, USD 18,926,000, reduce -59.13%
Portfolio value, all published quarters
- 2019 Q2: USD 209,648,790
- 2019 Q3: USD 202,161,201
- 2019 Q4: USD 240,371,006
- 2020 Q1: USD 198,410,111
- 2020 Q2: USD 226,706,449
- 2020 Q3: USD 247,023,803
- 2020 Q4: USD 300,004,900
- 2021 Q1: USD 361,835,189
- 2021 Q2: USD 379,600,438
- 2021 Q3: USD 385,653,759
- 2021 Q4: USD 390,571,822
- 2022 Q1: USD 390,080,101
- 2022 Q2: USD 322,764,688
- 2022 Q3: USD 300,737,976
- 2022 Q4: USD 308,707,685
- 2023 Q1: USD 319,282,904
- 2023 Q2: USD 347,208,288
- 2023 Q3: USD 346,126,261
- 2023 Q4: USD 381,052,268
- 2024 Q1: USD 399,933,616
- 2024 Q2: USD 338,254,984
- 2024 Q3: USD 334,565,189
- 2024 Q4: USD 315,106,597
- 2025 Q1: USD 216,647,253
- 2025 Q2: USD 309,881,316
- 2025 Q3: USD 322,419,783
- 2025 Q4: USD 300,881,601
- 2026 Q1: USD 270,645,374
- 2026 Q2: USD 255,952,000