Punch Card Management L.P. reported 3 positions worth $209.87M for the quarter ended Jun 30, 2026, down 6.5% on the prior quarter. It opened 0 new positions, added to 0, trimmed 1 and exited 1. Its largest holding is Berkshire Hathaway Inc at 51.7% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
No positions were added to this quarter.
No new positions this quarter.
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| PYPL PayPal Holdings, Inc. | -628.9K | $28.45M | 12.68% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | BRK-A Berkshire Hathaway Inc | Financial Services | 145 | $108.58M | 51.74% | 0 | 0.0% | Unchanged | 0.03% |
| 2 | CROX Crocs, Inc. | Consumer Discretionary | 577.2K | $69.63M | 33.18% | -17.4K | -2.9% | Reduced | 1.18% |
| 3 | PDD PDD Holdings Inc. | Technology | 415.0K | $31.66M | 15.08% | 0 | 0.0% | Unchanged | 0.03% |
Tip. Select a row to see that position’s full history at Punch Card Management.
As of its Q2 2026 13F filing, Punch Card Management L.P.’s five largest positions were Berkshire Hathaway Inc (BRK-A) at 51.7%, Crocs, Inc. (CROX) at 33.2%, PDD Holdings Inc. (PDD) at 15.1% of the reported portfolio.
Punch Card Management L.P. reported a 13F portfolio worth $209.87M across 3 positions for Q2 2026. That is down 6.5% from the previous quarter.
Its largest sales by value were PayPal Holdings, Inc. ($28.45M), Crocs, Inc. ($2.10M). It exited 1 positions entirely.
From the Form 13F-HR reports Punch Card Management L.P. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.