Norbert Lou’s Smith & Wesson SWBI Stock Holding History

Norbert Lou’s Portfolio SWBI Stock Details SWBI Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q3	–	Sell	-189,933	Closed	-$1.65M	–	7
2025 Q2	$1.65M	Sell	189,933 -459,023	-71%	-$4.35M	0.53%	6
2025 Q1	$6.05M	Hold	648,956	–	–	2.79%	4
2024 Q4	$6.56M	Sell	648,956 -191,082	-23%	-$2.39M	2.08%	4
2024 Q3	$10.9M	Hold	840,038	–	–	3.26%	4
2024 Q2	$12M	Hold	840,038	–	–	3.56%	4
2024 Q1	$14.6M	Hold	840,038	–	–	3.65%	4
2023 Q4	$11.4M	Hold	840,038	–	–	2.99%	4
2023 Q3	$10.8M	Hold	840,038	–	–	3.13%	4
2023 Q2	$11M	Hold	840,038	–	–	3.15%	4
2023 Q1	$10.3M	Hold	840,038	–	–	3.24%	4
2022 Q4	$7.29M	Hold	840,038	–	–	2.36%	4
2022 Q3	$8.71M	Buy	840,038 +316,038	+60%	+$4.18M	2.9%	4
2022 Q2	$6.88M	Buy	+524,000	New	+$7.6M	2.13%	4

Other funds holding SWBI

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Renaissance Technologies New York $72.6B AUM 54.88% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Charles Schwab San Francisco, California $751B AUM 38.74% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Two Sigma Advisers New York $51.4B AUM 31.07% 1-Year Est. Return

Millennium Management New York $276B AUM 44.8% 1-Year Est. Return

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Norbert Lou's SWBI Position: Q3 2025 in Review

Norbert Lou sold out of Smith & Wesson (SWBI) in Q3 2025, closing a stake of 189,933 shares — an estimated $1.65M sold.

Norbert Lou first reported a position in SWBI in Q2 2022 and held it in 13 quarters. The position peaked at $14.6M in Q1 2024. 166 funds tracked by Wall St. Rank hold SWBI as of Q3 2025.

Norbert Lou reported no remaining Smith & Wesson position as of Q3 2025 after selling out during the quarter.
Norbert Lou sold 189,933 Smith & Wesson shares in Q3 2025, an estimated $1.65M.
Norbert Lou first reported a position in Smith & Wesson in Q2 2022 and held it in 13 quarters.
Norbert Lou's Smith & Wesson position peaked at $14.6M in Q1 2024.
166 funds tracked by Wall St. Rank held Smith & Wesson as of Q3 2025.

Based on Punch Card Management's 13F filing for Q3 2025, filed 14 Nov 2025.