We are live on ! Find out more
NL

Norbert Lou Punch Card Management

AUM $256M
1-Year Est. Return 1.13%
 

Norbert Lou is the founder of Punch Card Management, a firm named for the idea of making only a handful of exceptional investment decisions over a lifetime. The portfolio is typically extremely concentrated, reflecting multi-year conviction in a small number of businesses. Lou’s approach is frequently cited by investors who study ultra-concentrated value strategies.

This Fund
S&P 500
This Quarter Est. Return
+1.68%
1 Year Est. Return
+1.13%
3 Year Est. Return
+41.03%
5 Year Est. Return
+33.38%
10 Year Est. Return
+328.26%
AUM
$386M
AUM Growth
+$6.05M
Cap. Flow
$0
Cap. Flow %
0%
Top 10 Hldgs %
100%
Holding
3
New
–
Increased
–
Reduced
–
Closed
–

Top Buys

No buys this quarter

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Financials 80.78%
2 Consumer Discretionary 19.22%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ALLY icon
1
Ally Financial
ALLY
$13.1B
$168M 43.55%
3,290,300
– –
BRK.A icon
2
Berkshire Hathaway Class A
BRK.A
$1.06T
$144M 37.23%
349
– –
WGO icon
3
Winnebago Industries
WGO
$898M
$74.1M 19.22%
1,022,953
– –

Similar funds

WMS
Wealth Management Strategies Pittsburgh, Pennsylvania $256M AUM 17.41% 1-Year Est. Return
VPWA
Vestia Personal Wealth Advisors Fort Wayne, Indiana $256M AUM 24.11% 1-Year Est. Return
YWM
Yoder Wealth Management Walnut Creek, California $256M AUM 23.47% 1-Year Est. Return
CWL
Causey Wealth LLC Greenwood Village, Colorado $256M AUM 17.94% 1-Year Est. Return
MWM
Meritas Wealth Management Larkspur, California $256M AUM 24.19% 1-Year Est. Return
1M
1248 Management Kansas City, Missouri $256M AUM 13.01% 1-Year Est. Return
BFF
Byrne Financial Freedom Franklin, Massachusetts $256M AUM 55.23% 1-Year Est. Return
SCM
Sage Capital Management Stockton, New Jersey $256M AUM 29.76% 1-Year Est. Return

Norbert Lou's Q3 2021 Portfolio in Review

As of Q3 2021, Norbert Lou held 3 positions worth $386M, up 1.6% from $380M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Trading was light in Q3 2021: portfolio turnover was 0%. Norbert Lou opened no new positions and made no exits, leaving the 3-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 81% of assets, down from 82% a quarter earlier, followed by Consumer Discretionary.

  • Norbert Lou's ten largest holdings make up 100% of its $386M portfolio in Q3 2021.
  • Norbert Lou opened 0 new positions and closed 0 in Q3 2021.
  • Norbert Lou's portfolio value rose 1.6% quarter-over-quarter to $386M.

Based on Punch Card Management's 13F filing for Q3 2021, filed 15 Nov 2021.