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Punch Card Management L.P.

Q3 2025 · Filed 2025-11-14
Market Value
$322M
+4.0%
Holdings
7
+1
New Purchases
1
Added To
1
Closed
1
Reduced
0
Top 10 Concentration
100.0%
Turnover
28.6%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PDD 17.01% 14.02% +3.00% $55M
FI 1.48% 0.00% +1.48% $5M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
PYPL 13.53% 15.60% -2.07% $44M
CROX 16.38% 17.36% -0.97% $53M
SGOV 17.68% 18.39% -0.71% $57M
SWBI 0.00% 0.53% -0.53% $0
BRK-A 33.92% 34.10% -0.18% $109M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $109M 33.9%
Large Cap 4 $160M 49.7%
Mid Cap 1 $53M 16.4%
Small Cap 1 $0 0.0%

Portfolio Analytics

Avg Market Cap
$192.5B
Median Market Cap
$39.0B
Avg P/E
19.7
Median P/E
9.6
Avg Dividend Yield
0.01%
Avg Beta
0.76
# Stocks
6
# ETFs / Funds
1

Top Holdings (7 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BRK-A 33.92% 145 $109M $754,200.00 $4M
2 SGOV 17.68% 566,000 $57M $100.70 $6K
3 PDD 17.01% 415,004 $55M $132.17 $11M
4 CROX 16.38% 632,250 $53M $83.55 -$966K +101,142 +19.0%
5 PYPL 13.53% 650,447 $44M $67.06 -$5M
6 FI 1.48% 37,000 $5M $128.93 +37,000 NEW
7 SWBI —% -$2M -189,933 -100.0% SOLD

New Positions

SymbolValue% Port
FI $5M 1.48%

Sold Out Positions

SymbolValue% Port
SWBI —%
View SEC EDGAR Filings for Punch Card Management L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms