Norbert Lou's portfolio
In the Q2 2026 13F, filed August 14, 2026, Punch Card Management reported 5 US stock positions worth $256M. The largest was Berkshire Hathaway Inc-Cl A (BRK/A) at 42.4% of the portfolio. The Q3 2026 13F is due by November 14, 2026.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Norbert Lou own?
In the Q2 2026 13F, Punch Card Management reported 5 US stock positions worth $256M. The largest: Berkshire Hathaway Inc-Cl A (BRK/A) 42.4%, Crocs (CROX) 27.2%, PDD (PDD) 12.4%, Paypal Hldgs 10.6%, SGOV (SGOV) 7.4%.
What did Norbert Lou sell last quarter?
In Q2 2026: cut Crocs (CROX); cut SGOV (SGOV).
When is Norbert Lou's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.