Punch Card Management L.P. — 13F Holdings & Portfolio
CIK 1631664 · latest 13F-HR filed 2026-05-15
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$270.6M
Long-equity book
5
Distinct positions
2026-03-31
Filed 2026-05-15
+0 / −0 / ↑0 / ↓3
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Trims
- ISHARES TR-$10.5M -18.5%
- PAYPAL HLDGS INC-$8.3M -22.5%
- PDD HOLDINGS INC-$4.7M -9.9%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK.A | 084670108 | $104.1M | 38.47% | 145 | SH |
| 2 | CROCS INC | CROX | 227046109 | $49.4M | 18.24% | 594,570 | SH |
| 3 | ISHARES TR | SGOV | 46436E718 | $46.3M | 17.11% | 460,000 | SH |
| 4 | PDD HOLDINGS INC | PDD | 722304102 | $42.4M | 15.67% | 415,004 | SH |
| 5 | PAYPAL HLDGS INC | PYPL | 70450Y103 | $28.4M | 10.51% | 628,907 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-15 | $270.6M | 5 | 0001398344-26-009301 |
| 2025-12-31 | 2026-02-17 | $300.9M | 5 | 0001398344-26-003291 |
| 2025-09-30 | 2025-11-14 | $322.4M | 6 | 0001398344-25-020995 |