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Punch Card Management L.P.

Q4 2025 · Filed 2026-02-17
Market Value
$301M
-6.7%
Holdings
6
-1
New Purchases
0
Added To
0
Closed
1
Reduced
2
Top 10 Concentration
100.0%
Turnover
16.7%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BRK-A 36.38% 33.92% +2.46% $109M
SGOV 18.88% 17.68% +1.21% $57M
CROX 16.90% 16.38% +0.52% $51M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
FI 0.00% 1.48% -1.48% $0
PDD 15.64% 17.01% -1.37% $47M
PYPL 12.20% 13.53% -1.33% $37M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 1 $109M 36.4%
Large Cap 4 $141M 46.7%
Mid Cap 1 $51M 16.9%

Portfolio Analytics

Avg Market Cap
$224.4B
Median Market Cap
$62.1B
Avg P/E
10.3
Median P/E
9.3
Avg Dividend Yield
0.00%
Avg Beta
0.73
# Stocks
5
# ETFs / Funds
1

Top Holdings (6 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 BRK-A 36.38% 145 $109M $754,800.00 $87K
2 SGOV 18.88% 566,000 $57M $100.38 -$181K
3 CROX 16.90% 594,570 $51M $85.52 -$2M -37,680 -6.0%
4 PDD 15.64% 415,004 $47M $113.39 -$8M
5 PYPL 12.20% 628,907 $37M $58.38 -$7M -21,540 -3.3%
6 FI —% -$5M -37,000 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
FI —%
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