Norbert Lou - Punch Card Management Sector Allocation (Q2 2026)

According to the SEC 13F filed on Aug 14, 2026, the Punch Card Management portfolio managed by Norbert Lou was diversified across 3 sectors as of quarter-end Jun 30, 2026. This allocation breakdown highlights where the portfolio is most concentrated and how capital is distributed across industries.

The Financial Services sector represents the largest share at 42.4% of total portfolio value, followed by Financial Services and Consumer Cyclical and ETF. Together, the top three sectors account for 89.4% of the portfolio, reflecting Norbert Lou's emphasis on strategic positioning. This sector allocation provides insights into the fund's investment strategy and risk exposure.