Punch Card Management

Q1 2024 13F · by Norbert Lou, founder

As of: Mar 31, 2024
Filed: May 15, 2024
US stock: $400M · prev $381M
Positions: 5 · prev 5
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

0.0 pp in · −5.7 pp out

New 0 0.00 pp
Added 0 0.00 pp
Trimmed 1 −5.65 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 held55.4%
ALLY Ally Financial Inc. trimmed−5.65 pp trimmed−5.6521.9%
WGO Winnebago Industries, Inc. held held18.4%
SWBI Smith & Wesson Brands, Inc. held held3.6%
SGOV iShares 0-3 Month Treasury Bond ETF held held0.6%

Positions5 in this filing · 0 exited


BRK.ABerkshire Hathaway Inc.	55.36%	349	$221M	held	—	38 q
ALLYAlly Financial Inc.	21.93%	2,160,534	$88M	trimmed−28%	−5.65 pp	17 q
WGOWinnebago Industries, Inc.	18.44%	996,573	$74M	held	—	21 q
SWBISmith & Wesson Brands, Inc.	3.65%	840,038	$15M	held	—	8 q
SGOViShares 0-3 Month Treasury Bond ETF	0.63%	25,100	$3M	held	—	3 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001398344-24-009709
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet