Norbert Lou – Punch Card Management Sector Allocation & Investment Breakdown (Jun 30, 2025)

As of Jun 30, 2025, the Punch Card Management portfolio managed by Norbert Lou was diversified across 4 sectors, according to the most recent SEC 13F filing dated Aug 14, 2025. 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 49.7% of total portfolio value, followed by Consumer Cyclical and ETF and Industrials. Together, the top three sectors account for 99.5% 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.