Punch Card Management L.P. Long-Term Concentrated

Location: Winter Park, FL

CIK: 0001631664 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 17, 2026

Total Value: $301M (100.0% shares, 0.0% debt)

Holdings (5)

BRK/A BERKSHIRE HATHAWAY INC DEL 36.4%

Value $109M Shares 145 Est. Cost $216493.73 Unrealized +244.8%

SGOV ISHARES TR 18.9%

Value $56.82M Shares 566,000 Est. Cost $100.71 Unrealized —

CROX CROCS INC 16.9%

Value $50.85M Shares 594,570 Est. Cost $100.24 Unrealized -16.6%

PDD PDD HOLDINGS INC 15.6%

Value $47.06M Shares 415,004 Est. Cost $108.09 Unrealized —

PYPL PAYPAL HLDGS INC 12.2%

Value $36.72M Shares 628,907 Est. Cost $68.32 Unrealized -5.1%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BRK/A	BERKSHIRE HATHAWAY INC DEL	145	$109M	36.4%	$216493.73	+244.8%	CL A	084670108
SGOV	ISHARES TR	566,000	$56.82M	18.9%	$100.71	—	0-3 MNTH TREASRY	46436E718
CROX	CROCS INC	594,570	$50.85M	16.9%	$100.24	-16.6%	COM	227046109
PDD	PDD HOLDINGS INC	415,004	$47.06M	15.6%	$108.09	—	SPONSORED ADS	722304102
PYPL	PAYPAL HLDGS INC	628,907	$36.72M	12.2%	$68.32	-5.1%	COM	70450Y103