13F filing recap · Q2 2019

What did Punch Card Management buy in Q2 2019?

Reported stock-position changes between this filing and the previous one.

Stock value

$209.65M

Positions

Estimated turnover

19.3%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

Increased positions

WGOWinnebago Industries, Inc.$53.78Mreported value+323.4K shares+30.3%BIDUBaidu, Inc.$37.12Mreported value+50.0K shares+18.8%

Exited positions

PCGPG&E Corp$22.39Mprior reported value-1.26M shares-100.0%