What did Norbert Lou buy in Q4 2025?

Norbert Lou disclosed no new buys in the Q4 2025 13F.

What did Norbert Lou sell in Q4 2025?

Norbert Lou exited 1 position (FISV) and trimmed 0.

What Norbert Lou bought and sold in Q4 2025

In Q4 2025, Norbert Lou (Punch Card Management) exited 1 (FISV). The book stood at $301M across 5 positions, filed Feb 17, 2026.

0New0Added0Trimmed1Exited

Share𝕏 in

Exited (1)

FISVFiserv Incwas 1.5% of book

Norbert Lou's other filings

Q3 2025 changes Q2 2025 changes Q1 2025 changes Q4 2024 changes

Norbert Lou's full portfolio →The whole cohort in Q4 2025 →

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.