Punch Card Management L.P.
CIK 1631664 · View on SEC EDGAR ↗
- Portfolio value
- $256.0M
- Positions
- 5
- As of
- June 30, 2026
#5,659 of 9,443 by 13F value · top 59.9%
Portfolio value QoQ: -5.4% 13F does not disclose cash
- Top 10 holdings weight
- 100.00%
- Top 25 holdings weight
- 100.00%
- Positions above 1%
- 5
- Effective number of positions
- 3.5
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 10.31% Est. buys $27,156,204 · sells $57,926,840
Median holding: 4.5 quarters Tracked Q4 2024–Q2 2026 · 62.5% still held
- New positions
- 1
- Increased
- 0
- Decreased
- 2
- Closed
- 1
On this page
- Sector breakdown How the portfolio splits across market sectors.
- Portfolio Every stock this institution reports holding, from its latest 13F.
- Biggest new bets Brand-new positions opened in the latest quarter.
- Top moves The biggest position increases and decreases this quarter.
- Exited positions Positions the manager fully sold out of last quarter.
Sector breakdown
Consumer Discretionary
27.2%
Retail
12.4%
Other/Unmapped
60.4%
Full portfolio 5 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| BRKA | $108,583,250 | 42.42% | 145 | $4,452,950 | |||
| CROX Crocs, Inc. - Common Stock | $69,629,789 | 27.20% | 577,170 | $20,268,588 | Down ×1 | ||
| PDD PDD Holdings Inc. - American Depositary Shares | $31,656,505 | 12.37% | 415,004 | $-10,748,604 | |||
| Unknown issuer (CUSIP: 70450y103) | $27,156,204 | 10.61% | 628,907 | Up ×1 | |||
| SGOV iShares 0-3 Month Treasury Bond ETF | $18,925,960 | 7.39% | 188,000 | $-27,377,640 | Down ×2 | ||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| Unknown issuer (CUSIP: 70450y103) | $27,156,204 | 628,907 | 10.61% |
Top movers (QoQ)
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.