Punch Card Management L.P.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Punch Card Management L.P. maintained a portfolio of 6 distinct positions. Conversely, Punch Card Management L.P. completely exited their position in FISERV INC.
PCA Score Concentration Risk
Risk ENB
Total Positions
6
Quarter
2025 Q4
Top Holding
BRK/A (36.4%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-6 of 6
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
BRK/A
BERKSHIRE HATHA...
Financial Services 36.38% 33.92% #1
Prev: #1
10.0 no change no change
P
S
145 $109,446,000 2014 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
SGOV
ISHARES TR
Bond/Debt 18.88% 17.68% #2
Prev: #2
7.6 no change no change
P
S
566,000 $56,815,080 2023 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
CROX
CROCS INC
Consumer Cyclical 16.90% 16.38% #3 1
Prev: #4
6.8 -37,680 -6.0%
P
S
594,570 $50,847,626 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
PDD
PDD HOLDINGS IN...
Consumer Cyclical 15.64% 17.01% #4 1
Prev: #3
6.3 no change no change
P
S
415,004 $47,057,304 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
PYPL
PAYPAL HLDGS IN...
Financial Services 12.20% 13.53% #5
Prev: #5
4.9 -21,540 -3.3%
P
S
628,907 $36,715,591 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
FI
FISERV INC
Unknown 0.00% 1.48%
Sold All 😨
(Was: #6)
0.3 -37,000 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-6 of 6 holdings

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