Norbert Lou Reduces Position in SGOV in Q1 2026 | Punch Card Management Investor Activity
Punch Card Management's Norbert Lou disclosed a significant reduction in holdings of SGOV (ISHARES TR (SGOV)) during the first quarter of 2026, while no other changes were reported.
In this filing dated March 31, 2026, Punch Card Management's portfolio manager Norbert Lou reported specific changes to his investment positions. The most notable activity was a reduction in the holdings of SGOV (ISHARES TR (SGOV)).
The position in SGOV experienced a substantial decrease, with the number of shares held reducing by 18.73% compared to the previous reporting period. This translates to a reduction of 106,000 shares, bringing the total shares down to 460,000. The associated value of these shares is $46.3 million, representing approximately 17.11% of the total portfolio value of $270.6 million as of this date.
No other changes to top holdings were disclosed in this filing. There is no information provided about new positions, fully exited positions, or other increases in existing holdings. For more details on Norbert Lou's investment activities, visit https://www.insiderset.com/investor/norbert-lou-punch-card-management. You can also find more information about SGOV at https://www.insiderset.com/investors/stocks/SGOV.