Q2 2025 · 13F-HR
Punch Card Management L.P.holdings as filed
Filed 2025-08-14 · accession 0001398344-25-015669
$309.9M
Reported value
6
Positions
2025-06-30
Period end
The Brief · Punch Card Management L.P. · Q2 2025
AI · grounded in 13F
Punch Card Management L.P. established a new position in BRK/A valued at $105.7M. The fund also initiated new stakes in SGOV for $57M and CROX for $53.8M. Other new additions include PYPL at $48.3M, PDD at $43.4M, and SWBI at $1.6M. These six positions bring the fund's total AUM to $309.9M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 084670108 | BRK/A | BERKSHIRE HATHAWAY INC DEL | $105.7M | 34.1% | 145 | Common | SOLE |
| 46436E718 | SGOV | ISHARES TR | $57.0M | 18.4% | 566,000 | Common | SOLE |
| 227046109 | CROX | CROCS INC | $53.8M | 17.4% | 531,108 | Common | SOLE |
| 70450Y103 | PYPL | PAYPAL HLDGS INC | $48.3M | 15.6% | 650,447 | Common | SOLE |
| 722304102 | PDD | PDD HOLDINGS INC | $43.4M | 14.0% | 415,004 | Common | SOLE |
| 831754106 | SWBI | SMITH & WESSON BRANDS INC | $1.6M | 0.53% | 189,933 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.