Punch Card Management L.P. Long-Term Concentrated

CIK: 0001631664 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $322,420 (100.0% shares, 0.0% debt)

Holdings (6)

BRK/A BERKSHIRE HATHAWAY INC DEL 33.9%

Value ($000) $109,359 Shares 145 Est. Cost $216493.73 Unrealized +235.8%

SGOV ISHARES TR 17.7%

Value ($000) $56,996 Shares 566,000 Est. Cost $100.71 Unrealized —

PDD PDD HOLDINGS INC 17.0%

Value ($000) $54,851 Shares 415,004 Est. Cost $108.09 Unrealized —

CROX CROCS INC 16.4%

Value ($000) $52,824 Shares 632,250 Est. Cost $100.24 Unrealized -8.9%

PYPL PAYPAL HLDGS INC 13.5%

Value ($000) $43,619 Shares 650,447 Est. Cost $68.32 Unrealized +2.9%

FISV FISERV INC 1.5%

Value ($000) $4,770 Shares 37,000 Est. Cost $143.31 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	BERKSHIRE HATHAWAY INC DEL	145	$109,359	33.9%	$216493.73	+235.8%	CL A	084670108
SGOV	ISHARES TR	566,000	$56,996	17.7%	$100.71	—	0-3 MNTH TREASRY	46436E718
PDD	PDD HOLDINGS INC	415,004	$54,851	17.0%	$108.09	—	SPONSORED ADS	722304102
CROX	CROCS INC	632,250	$52,824	16.4%	$100.24	-8.9%	COM	227046109
PYPL	PAYPAL HLDGS INC	650,447	$43,619	13.5%	$68.32	+2.9%	COM	70450Y103
FISV	FISERV INC	37,000	$4,770	1.5%	$143.31	0.0%	COM	337738108