We are live on ! Find out more
PCM

Punch Card Management Portfolio holdings

AUM $271M
1-Year Est. Return 11.49%
This Fund
S&P 500
This Quarter Est. Return
-2.78%
1 Year Est. Return
-11.49%
3 Year Est. Return
+41.04%
5 Year Est. Return
+27.46%
10 Year Est. Return
+260.29%
AUM
$315M
AUM Growth
-$19.5M
Cap. Flow
-$11.2M
Cap. Flow %
-3.55%
Top 10 Hldgs %
100%
Holding
5
New
1
Increased
–
Reduced
1
Closed
1

Top Buys

Rank Stock Value
1
PDD icon
Pinduoduo
PDD
+$15.1M

Top Sells

Rank Stock Value
1
WGO icon
Winnebago Industries
WGO
+$23.9M
2
SWBI icon
Smith & Wesson
SWBI
+$2.39M

Sector Composition

Rank Sector Weight
1 Financials 75.42%
2 Consumer Discretionary 4%
3 Industrials 2.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BRK.A icon
1
Berkshire Hathaway Class A
BRK.A
$1.13T
$238M 75.42%
349
– –
SGOV icon
2
iShares 0-3 Month Treasury Bond ETF
SGOV
$100B
$58.3M 18.5%
581,100
– –
PDD icon
3
Pinduoduo
PDD
$129B
$12.6M 4%
+130,000
New +$15.1M
SWBI icon
4
Smith & Wesson
SWBI
$651M
$6.56M 2.08%
648,956
-191,082
-23% -$2.39M
WGO icon
5
Winnebago Industries
WGO
$885M
– –
-411,480
Closed -$23.9M

Similar funds

MCM
Moerus Capital Management New York $271M AUM 58.78% 1-Year Est. Return
MLM
Mount Lucas Management Newtown, Pennsylvania $271M AUM 25.49% 1-Year Est. Return
VW
Veridan Wealth West Linn, Oregon $270M AUM
FCMV
Foresite Capital Management V Larkspur, California $271M AUM 309.87% 1-Year Est. Return
AFG
American Financial Group Cincinnati, Ohio $270M AUM 3.25% 1-Year Est. Return
S
Siemens Munich, Germany $272M AUM 183.71% 1-Year Est. Return
TP
TritonPoint Partners Chevy Chase, Maryland $272M AUM
RCM
Ratan Capital Management Miami Beach, Florida $269M AUM 45.74% 1-Year Est. Return

Punch Card Management's Q4 2024 Portfolio in Review

As of Q4 2024, Punch Card Management held 5 positions worth $315M, down 5.8% from $335M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Punch Card Management withdrew a net $11.2M in Q4 2024, closing 1 position and reducing 1 holding. Its most notable exit was Winnebago Industries, an estimated $23.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 75% of assets, up from 72% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Punch Card Management opened a new position in Pinduoduo worth $12.6M.

  • Punch Card Management's largest Q4 2024 buy was Pinduoduo: 130,000 shares worth $12.6M.
  • Punch Card Management's biggest Q4 2024 reduction was Smith & Wesson, cutting an estimated $2.39M.
  • Punch Card Management fully exited Winnebago Industries in Q4 2024, selling an estimated $23.9M.
  • Punch Card Management's ten largest holdings make up 100% of its $315M portfolio in Q4 2024.
  • Punch Card Management opened 1 new position and closed 1 in Q4 2024.
  • Punch Card Management's portfolio value fell 5.8% quarter-over-quarter to $315M.

Based on Punch Card Management's 13F filing for Q4 2024, filed 14 Feb 2025.