Norbert Lou - Punch Card Management Portfolio Holdings
As of Dec 31, 2025, the Punch Card Management portfolio holdings is valued at approximately $300,881,601.00 featuring 5 publicly traded holdings. This in-depth profile highlights the top investments led by BERKSHIRE HATHAWAY INC DEL (BRK-A), ISHARES TR (SGOV), CROCS INC (CROX), PDD HOLDINGS INC (PDD), and others based on the company's latest SEC filings reported on Feb 17, 2026. Explore insights into portfolio composition, sector allocation, and recent trade activity.
Punch Card Management's stock portfolio spans 5 holdings across 3 sectors, with a total market value of $300,881,601.00. The Financial Services sector represents the largest allocation, while the top holdings account for nearly 100% of the total portfolio value. BERKSHIRE HATHAWAY INC DEL remains the single largest position at 36.4% of all equity investments.
Complete Holdings
Showing 5 of 5 holdings.
| # | Company | Symbol | Sector | Portfolio % | Shares | Change (Shares) | Change % | Value |
|---|---|---|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK-A | Financial Services | 36.38% | 145 | - | - | $109,446,000.00 |
| 2 | ISHARES TR | SGOV | Other | 18.88% | 566,000 | - | - | $56,815,080.00 |
| 3 | CROCS INC | CROX | Consumer Cyclical | 16.90% | 594,570 | -37,680 | -5.96% | $50,847,626.00 |
| 4 | PDD HOLDINGS INC | PDD | Consumer Cyclical | 15.64% | 415,004 | - | - | $47,057,304.00 |
| 5 | PAYPAL HLDGS INC | PYPL | Financial Services | 12.20% | 628,907 | -21,540 | -3.31% | $36,715,591.00 |
Holdings by Sector
| Sector | Allocation | Value |
|---|---|---|
| Financial Services | 48.58% | $146,161,591.00 |
| Consumer Cyclical | 32.54% | $97,904,930.00 |
| Other | 18.88% | $56,815,080.00 |
Portfolio insights
As of Dec 31, 2025, the Punch Card Management portfolio holds 5 securities valued at $300,881,601.00. The Financial Services sector represents the largest allocation, while the top positions account for a significant portion of the total portfolio weight.