Punch Card Management L.P. Long-Term Concentrated

Location: WINTER PARK, FL

CIK: 0001631664 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $271M (100.0% shares, 0.0% debt)

Holdings (5)

Decreased Positions (1)

SGOV ISHARES TR 17.1%

Value $46.3M (-18.5%) Shares 460,000 (-18.7%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SGOV	ISHARES TR	460,000 (-18.7%)	$46.3M (-18.5%)	17.1%	—	—	0-3 MNTH TREASRY	46436E718

Unchanged Positions (4)

PYPL PAYPAL HLDGS INC 10.5%

Value $28.45M Shares 628,907 Est. Cost — Unrealized —

BRK/A BERKSHIRE HATHAWAY INC DEL 38.5%

Value $104M Shares 145 Est. Cost — Unrealized —

PDD PDD HOLDINGS INC 15.7%

Value $42.41M Shares 415,004 Est. Cost — Unrealized —

CROX CROCS INC 18.2%

Value $49.36M Shares 594,570 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PYPL	PAYPAL HLDGS INC	628,907	$28.45M	10.5%	—	—	COM	70450Y103
BRK/A	BERKSHIRE HATHAWAY INC DEL	145	$104M	38.5%	—	—	CL A	084670108
PDD	PDD HOLDINGS INC	415,004	$42.41M	15.7%	—	—	SPONSORED ADS	722304102
CROX	CROCS INC	594,570	$49.36M	18.2%	—	—	COM	227046109