Punch Card Management L.P.

WINTER PARK, FL · CIK 0001631664

Portfolio Value: $309.88M

Positions: 6

Period: 2025-06-30

Filed: 2025-08-14

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024

New positions

Added to

Trimmed

Exited

Punch Card Management L.P. Q2 2025 13F Filing Summary

Punch Card Management L.P. (WINTER PARK, FL) reported a portfolio value of $309.88M across 7 positions in their Q2 2025 SEC 13F filing (period ending 2025-06-30). The top 10 positions account for 118.4% of the portfolio.

Top holdings: BRK/A$105.68M·ISHARES TR$56.99M·ISHARES TR$56.99M·CROX$53.79M·PYPL$48.34M

+2 new1 increased3 reduced

Holdings Heatmap

BRK/A34.1% · $105.68M Infini18.4% · $56.99M-2.6%INFINI18.4% · $56.99M-2.6%CROX17.4%New PYPL15.6%New PDD14.0%+35.3%

SWBI0.5% · $1.65M-70.7%

Top 7 holdings by portfolio weight. Block width = holding percentage. Green = new/increased, red = reduced, gray = unchanged.

Largest Trades This Quarter

New Positions2

Largest Adds1

Largest Reductions3

SMITH & WESSON BRANDS INC

All Holdings

#	Stock	Value↓	Shares	Weight	Change
1	BRK/ABERKSHIRE HATHAWAY INC DEL	$105.68M	145	34.10%	-
2	ISHARES TR	$56.99M	566,000	18.39%	-2.6%
3	ISHARES TR	$56.99M	566,000	18.39%	-2.6%
4	CROXCROCS INC	$53.79M	531,108	17.36%	New
5	PYPLPAYPAL HLDGS INC	$48.34M	650,447	15.60%	New
6	PDDPDD HOLDINGS INC	$43.43M	415,004	14.02%	+35.3%
7	SWBISMITH & WESSON BRANDS INC	$1.65M	189,933	0.53%	-70.7%

Position Changes

Stock	Value	Shares
CROXCROCS INC	$53.79M	531,108
PYPLPAYPAL HLDGS INC	$48.34M	650,447

Follow Punch Card Management L.P.'s moves

Get alerts when Punch Card Management L.P. files new 13F holdings.