What Norbert Lou Bought in Q3 2025

Punch Card Management · Quarterly 13F recap as filed with the SEC.

Period: 2025-09-30 · Filed · Historical

$322.4M

Total Value

6

Holdings

1

New Buys

0

Reduced

In Q3 2025, Norbert Lou reported 6 long equity positions worth $322.4M in their Punch Card Management 13F filing, including 1 new positions (largest: FISERV INC at $4.8M) and 1 increased positions.

RankTickerCompanySharesValue% PortfolioChange
1BRK.ABerkshire Hathaway Inc. Class A145$109.4M33.92%
2SGOVISHARES TR566000$57.0M17.68%
3PDDPDD HOLDINGS INC415004$54.9M17.01%
4CROXCROCS INC632250$52.8M16.38%+19.0%
5PYPLPAYPAL HLDGS INC650447$43.6M13.53%
6FISVFISERV INC37000$4.8M1.48%NEW