Punch Card Management’s Smith & Wesson SWBI Stock Holding History

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