Punch Card Management

Q1 2022 13F · by Norbert Lou, founder

As of: Mar 31, 2022
Filed: May 16, 2022
US stock: $390M · prev $391M
Positions: 3 · prev 3
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves1 since the prior filing

−3.6 pp in · 0.0 pp out

New 0 0.00 pp
Added 1 −3.62 pp
Trimmed 0 0.00 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 3 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions100% of US stock

BRK.A Berkshire Hathaway Inc. held held47.3%
ALLY Ally Financial Inc. held held36.7%
WGO Winnebago Industries, Inc. added−3.62 pp added−3.6216.0%

Positions3 in this filing · 0 exited


BRK.ABerkshire Hathaway Inc.	47.32%	349	$185M	held	—	30 q
ALLYAlly Financial Inc.	36.68%	3,290,300	$143M	held	—	9 q
WGOWinnebago Industries, Inc.	16.00%	1,155,374	$62M	added+13%	−3.62 pp	13 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001398344-22-009745
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet