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← Norbert Lou

Norbert Lou's 2025Q3 portfolio

Norbert Lou (Punch Card Management) held 5 positions as of Sep 30, 2025, with the largest position at 33.9% of the portfolio.

Showing positions still held at the most recent quarter so their historical weights can be reconstructed. Positions that were held in 2025Q3but have since been exited aren't included in this table — for a full point-in-time reconstruction, use the SEC EDGAR filing directly.

Holdings as of Sep 30, 2025 (5)

  1. 1BRK/ABerkshire Hathaway Inc-cl A
    % port
    33.9%
    -0.2pp vs prior Qnow 38.5%
  2. 2SGOVIshares 0-3 Month Treasury B
    % port
    17.7%
    -0.7pp vs prior Qnow 17.1%
  3. 3PDDPdd Holdings Inc
    % port
    17.0%
    +3.0pp vs prior Qnow 15.7%
  4. 4CROXCrocs Inc
    % port
    16.4%
    -1.0pp vs prior Qnow 18.2%
  5. 5PYPLPaypal Holdings Inc
    % port
    13.5%
    -2.1pp vs prior Qnow 10.5%

13F-HR filings disclose long US-equity positions only. 13Fs don't cover shorts, bonds, derivatives, or non-US listings, so the picture here is the public part of the portfolio — not the whole.

Not investment advice.