Punch Card Management L.P.
CIK:0001631664
Hedge Fund
$315M AUM
6 holdings
Winter Park, FL, United States
Punch Card Management LP is a global equity-focused hedge fund partnership that manages a single private pooled investment vehicle. It is known for its concentrated, long-term investment approach, emphasizing deep research and minimal trading. The firm does not actively market to new investors and focuses on serving existing clients.
Investment Strategy
Global equity, concentrated portfolio (typically 4–6 positions), long-term value investing with minimal shorting and no portfolio leverage. The firm emphasizes deep knowledge of each holding and a disciplined, patient approach.
Top Buys
C
CROXCROCS INC+$53.8M
P
PYPLPAYPAL HLDGS INC+$48.3M
B
BRK-ABERKSHIRE HATHAWAY INC DEL-$10.1M
P
PDDPDD HOLDINGS INC+$7.1M
S
SWBISMITH & WESSON BRANDS INC-$4.4M
Top Sells
C
CROXCROCS INC+$53.8M
P
PYPLPAYPAL HLDGS INC+$48.3M
B
BRK-ABERKSHIRE HATHAWAY INC DEL-$10.1M
P
PDDPDD HOLDINGS INC+$7.1M
S
SWBISMITH & WESSON BRANDS INC-$4.4M
Top Holdings
B
BRK-ABERKSHIRE HATHAWAY INC DEL+34.1%$105.7M
S
SGOVISHARES TR+18.4%$57.0M
C
CROXCROCS INC+17.4%$53.8M
P
PYPLPAYPAL HLDGS INC+15.6%$48.3M
P
PDDPDD HOLDINGS INC+14.0%$43.4M
Equity Positions (6)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BRK-A | BERKSHIRE HATHAWAY INC DEL | 34.10% | $105.7M | 145 | $225999.99 | $728800.00 | -$10.1M |
S SGOV | ISHARES TR | 18.39% | $57.0M | 566,000 | $100.33 | $100.69 | -$1.5M |
C CROX | CROCS INC | 17.36% | $53.8M | 531,108 | $101.28 | $101.28 | +$53.8M |
P PYPL | PAYPAL HLDGS INC | 15.60% | $48.3M | 650,447 | $74.32 | $74.32 | +$48.3M |
P PDD | PDD HOLDINGS INC | 14.02% | $43.4M | 415,004 | $108.09 | $104.66 | +$7.1M |
Industry Allocation
FIRE, MARINE & CASUALTY INSURANCE
+34.1%
SERVICES-BUSINESS SERVICES, NEC
+29.6%
RUBBER & PLASTICS FOOTWEAR
+17.4%
ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES)
+0.5%