Punch Card Management L.P. Q3 2025 13F Holdings & Portfolio | SmartMoneyDB

Punch Card Management L.P.

WINTER PARK, FL · CIK 0001631664

Portfolio Value: $322.42M

Positions: 6

Period: 2025-09-30

Filed: 2025-11-14

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

Portfolio Value

$322.42M

Positions

New

Increased

Decreased

Sold Out

Punch Card Management L.P. Q3 2025 13F Filing Summary

Punch Card Management L.P. (WINTER PARK, FL) reported a portfolio value of $322.42M across 6 positions in their Q3 2025 SEC 13F filing (period ending 2025-09-30). The top 10 positions account for 100.0% of the portfolio.

Top holdings: BRK/A$109.36M·ISHARES TR$57.00M·PDD$54.85M·CROX$52.82M·PYPL$43.62M

+1 new1 increased1 exits

Holdings Heatmap

BRK/A33.9% · $109.36M Infini17.7% · $57.00M PDD17.0% · $54.85M CROX16.4% · $52.82M+19.0%PYPL13.5%

FISV1.5% · $4.77MNew

Top 6 holdings by portfolio weight. Block width = holding percentage. Green = new/increased, red = reduced, gray = unchanged.

Largest Trades This Quarter

New Positions1

Largest Adds1

Exits1

SMITH & WESSON BRANDS INC

Sold

All Holdings

#	Stock	Value↓	Shares	Weight	Change
1	BRK/ABERKSHIRE HATHAWAY INC DEL	$109.36M	145	33.92%	-
2	ISHARES TR	$57.00M	566,000	17.68%	-
3	PDDPDD HOLDINGS INC	$54.85M	415,004	17.01%	-
4	CROXCROCS INC	$52.82M	632,250	16.38%	+19.0%
5	PYPLPAYPAL HLDGS INC	$43.62M	650,447	13.53%	-
6	FISVFISERV INC	$4.77M	37,000	1.48%	New

Position Changes

Stock	Value	Shares
FISVFISERV INC	$4.77M	37,000

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