What did Norbert Lou buy in Q4 2024?

Norbert Lou opened 1 new position (PDD) and added to 0 existing holdings in the Q4 2024 13F.

What did Norbert Lou sell in Q4 2024?

Norbert Lou exited 1 position (WGO) and trimmed 1.

What Norbert Lou bought and sold in Q4 2024

In Q4 2024, Norbert Lou (Punch Card Management) opened 1 new position — including PDD (4.0%), trimmed 1, exited 1 (WGO). The book stood at $315M across 4 positions, filed Feb 14, 2025.

1New0Added1Trimmed1Exited

Share𝕏 in

New positions (1)

PDDPdd Holdings Inc4.0% · $13M

Trimmed (1)

SWBISmith & Wesson Brands Inc-23% shares · 2.1% · $7M

Exited (1)

WGOWinnebago Industrieswas 7.1% of book

Norbert Lou's other filings

Q4 2025 changes Q3 2025 changes Q2 2025 changes Q1 2025 changes

Norbert Lou's full portfolio →The whole cohort in Q4 2024 →

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.