Norbert Lou - Punch Card Management 13F Activity & Position Changes (Q4 2024)
According to the SEC 13F filed on Feb 14, 2025, the Punch Card Management portfolio showed several notable changes in holdings as of quarter-end Dec 31, 2024. The activity included new positions, additions to existing holdings, reductions, and complete exits, providing a clear view of how the portfolio evolved during the quarter.
During Q4 2024, the filing reported:
New Buys - PDD Holdings Inc.
Increases - None reported
Reductions - Smith & Wesson Brands, Inc.
Complete Exits - Winnebago Industries, Inc.
These updates highlight how the portfolio adjusted across different sectors and market conditions, offering insights into allocation shifts and investment trends.