13F HOLDINGS REPORT
Punch Card Management L.P.
Quarter ended Q4 2025 · Filed February 17, 2026 · Accession 0001398344-26-003291
Total Value
$300.9M
Positions
5
Other Managers
0
Confidential Omitted
No
Holdings (5)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 145 | $109.4M | 36.38% |
| 2 | ISHARES TR | 46436E718 | 566,000 | $56.8M | 18.88% |
| 3 | CROCS INC | CROX | 594,570 | $50.8M | 16.90% |
| 4 | PDD HOLDINGS INC | PDD | 415,004 | $47.1M | 15.64% |
| 5 | PAYPAL HLDGS INC | PYPL | 628,907 | $36.7M | 12.20% |