Norbert Lou Holdings Activity

Punch Card Management Portfolio 13F

Punch Card Management has disclosed a total of 5 changes to the portfolio in the latest (2025 Q2) SEC report(s): increased the number of shares of 1, bought 2 totally new and decreased the number of shares of 2 position(s).

What stocks is Norbert Lou buying now?

In the recent quarter Norbert Lou has purchased 3 securities: (CROX) CROCS INC (new buy), (PYPL) PAYPAL HOLDINGS INC (new buy) and (PDD) PINDUODUO INC-ADR (added shares +35.29%).

What does Norbert Lou invest in?

Norbert Lou's top 5 holdings (by % of portfolio) are (BRK.A) BERKSHIRE HATHAWAY INC CL-A (34.1%), (SGOV) ISHARES 0-3 MONTH TREASURY B (18.39%), (CROX) CROCS INC (17.36%), (PYPL) PAYPAL HOLDINGS INC (15.6%) and (PDD) PINDUODUO INC-ADR (14.02%).

In the latest report(s) the following changes have been made to the top investments: (SGOV) ISHARES 0-3 MONTH TREASURY B (reduced shares -2.6%), (CROX) CROCS INC (new buy), (PYPL) PAYPAL HOLDINGS INC (new buy) and (PDD) PINDUODUO INC-ADR (added shares +35.29%).

History
Ticker
Stock
%
Activity
Share
Change
% change to
Portfolio
Reported
Price*
% difference
Current Price
% of
Portfolio
2025 Q2 (5 results)
PYPL
PAYPAL HOLDINGS INC
buy
+650,447
+15.60%
$74.32
6.20% $69.71
15.60%
CROX
CROCS INC
buy
+531,108
+17.36%
$101.28
17.48% $83.58
17.36%
PDD
PINDUODUO INC-ADR
+35.29%
+108,253
+3.66%
$104.66
13.61% $118.90
14.02%
SGOV
ISHARES 0-3 MONTH TREASURY B
-2.60%
-15,100
-0.49%
$100.69
0.13% $100.56
18.39%
SWBI
SMITH & WESSON BRANDS INC
-70.73%
-459,023
-1.29%
$8.68
6.68% $8.10
0.53%
2025 Q1 (2 results)
PDD
PINDUODUO INC-ADR
+135.96%
+176,751
+9.66%
$118.35
0.46% $118.90
16.76%
BRK.A
BERKSHIRE HATHAWAY INC CL-A
-58.45%
-204
-75.19%
$798,441.60
10.17% $717,231.25
53.44%
2024 Q4 (3 results)
PDD
PINDUODUO INC-ADR
buy
+130,000
+4.00%
$96.99
22.59% $118.90
4.00%
SWBI
SMITH & WESSON BRANDS INC
-22.75%
-191,082
-0.61%
$10.11
19.84% $8.10
2.08%
WGO
WINNEBAGO INDUSTRIES
-100.00%
-411,480
-7.59%
$58.11
41.58% $33.95
0.00%
2024 Q3 (1 result)
WGO
WINNEBAGO INDUSTRIES
-58.71%
-585,093
-10.16%
$58.11
41.58% $33.95
0.00%
2024 Q2 (2 results)
SGOV
ISHARES 0-3 MONTH TREASURY B
+2,215.14%
+556,000
+16.55%
$100.71
0.15% $100.56
17.30%
ALLY
ALLY FINANCIAL INC
-100.00%
-2,160,534
-25.93%
$40.59
5.37% $38.41
0.00%
2024 Q1 (1 result)
ALLY
ALLY FINANCIAL INC
-28.22%
-849,202
-8.62%
$40.59
5.37% $38.41
0.00%
2023 Q4 (1 result)
ALLY
ALLY FINANCIAL INC
-8.74%
-288,181
-2.64%
$34.92
9.99% $38.41
27.58%
2023 Q3 (1 result)
SGOV
ISHARES 0-3 MONTH TREASURY B
buy
+25,100
+0.73%
$100.67
0.11% $100.56
0.73%
2023 Q2 (1 result)
ALLY
ALLY FINANCIAL INC
-5.49%
-191,521
-1.49%
$27.01
42.21% $38.41
25.66%
2022 Q3 (2 results)
SWBI
SMITH & WESSON BRANDS INC
+60.31%
+316,038
+1.09%
$10.37
21.89% $8.10
2.90%
WGO
WINNEBAGO INDUSTRIES
-13.89%
-160,701
-2.84%
$53.21
36.20% $33.95
17.63%
2022 Q2 (3 results)
SWBI
SMITH & WESSON BRANDS INC
buy
+524,000
+2.13%
$13.13
38.31% $8.10
2.13%
ALLY
ALLY FINANCIAL INC
+6.05%
+199,138
+2.07%
$33.51
14.62% $38.41
36.23%
WGO
WINNEBAGO INDUSTRIES
+0.16%
+1,900
+0.03%
$48.56
30.09% $33.95
17.41%
2022 Q1 (1 result)
WGO
WINNEBAGO INDUSTRIES
+12.94%
+132,421
+1.83%
$54.03
37.16% $33.95
16.00%
2020 Q2 (4 results)
ALLY
ALLY FINANCIAL INC
+84.48%
+1,506,747
+13.18%
$19.83
93.70% $38.41
28.78%
BRK.A
BERKSHIRE HATHAWAY INC CL-A
-4.90%
-18
-2.12%
$267,300.86
168.32% $717,231.25
41.15%
WGO
WINNEBAGO INDUSTRIES
-57.12%
-1,362,787
-40.05%
$66.62
49.04% $33.95
30.06%
NVR
NVR INC
-100.00%
-2,531
-2.87%
$2,568.95
217.80% $8,164.09
0.00%
2020 Q1 (5 results)
NVR
NVR INC
buy
+2,531
+3.28%
$2,568.95
217.80% $8,164.09
0.00%
ALLY
ALLY FINANCIAL INC
buy
+1,783,553
+12.97%
$14.43
166.18% $38.41
12.97%
WGO
WINNEBAGO INDUSTRIES
+71.44%
+994,190
+13.93%
$27.81
22.08% $33.95
33.44%
BRK.A
BERKSHIRE HATHAWAY INC CL-A
-1.61%
-6
-0.82%
$272,000.00
163.69% $717,231.25
50.31%
BIDU
BAIDU INC - SPON ADR
-100.00%
-316,295
-20.15%
$126.40
28.36% $90.55
0.00%
2019 Q2 (3 results)
WGO
WINNEBAGO INDUSTRIES
+30.27%
+323,357
+5.96%
$38.65
12.16% $33.95
25.65%
BIDU
BAIDU INC - SPON ADR
+18.78%
+50,000
+2.80%
$117.36
22.84% $90.55
17.71%
PCG
P G & E CORP
-100.00%
-1,257,938
-10.68%
$17.80
15.11% $15.11
0.00%
2019 Q1 (3 results)
PCG
P G & E CORP
buy
+1,257,938
+10.57%
$17.80
15.11% $15.11
0.00%
WGO
WINNEBAGO INDUSTRIES
buy
+1,068,193
+15.70%
$31.15
8.99% $33.95
15.70%
WFC
WELLS FARGO & CO
-100.00%
-96,746
-2.10%
$46.08
67.91% $77.37
0.00%
2018 Q4 (3 results)
WFC
WELLS FARGO & CO
+254,494.74%
+96,708
+2.77%
$46.08
67.91% $77.37
0.00%
BIDU
BAIDU INC - SPON ADR
+60.83%
+100,718
+9.93%
$158.60
42.91% $90.55
26.26%
WFC.WS
WELLS FARGO & CO-CW18
-100.00%
-277,905
-3.33%
$19.27
-
0.00%
2018 Q3 (1 result)
CVNA
CARVANA CO
-100.00%
-75,112
-1.92%
$41.60
767.65% $360.98
0.00%
2018 Q2 (2 results)
WFC
WELLS FARGO & CO
buy
+38
+0.00%
$52.63
47.00% $77.37
0.00%
WFC.WS
WELLS FARGO & CO-CW18
-0.04%
-100
-0.00%
$22.02
-
3.96%
2018 Q1 (2 results)
CVNA
CARVANA CO
buy
+75,112
+1.11%
$22.93
1K+% $360.98
1.11%
WFC.WS
WELLS FARGO & CO-CW18
-71.70%
-704,219
-8.69%
$19.20
-
3.43%
2017 Q3 (1 result)
BIDU
BAIDU INC - SPON ADR
-27.11%
-61,582
-9.26%
$247.69
63.44% $90.55
24.91%
2017 Q2 (1 result)
BIDU
BAIDU INC - SPON ADR
-58.41%
-319,020
-36.24%
$178.86
49.37% $90.55
25.81%
2017 Q1 (1 result)
WFC.WS
WELLS FARGO & CO-CW18
-37.19%
-581,571
-6.17%
$22.19
-
10.42%
2016 Q3 (1 result)
WFC.WS
WELLS FARGO & CO-CW18
+7.14%
+104,279
+0.65%
$12.48
-
9.78%
50 of 61

Shares, change to shares, sold shares - split-adjusted.

Reported price - this doesn't represent the actual buy or sell price.
It is the split-adjusted price of the security as of the last day of the reported period.

Value or Price - If the security is completely sold out, we show the reported value (or price) prior to the actual period.