13F filing recap · Q1 2025
What did Punch Card Management buy in Q1 2025?
Reported stock-position changes between this filing and the previous one.
Stock value
$216.63M
Positions
4
Estimated turnover
69.1%
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.
Quarter in review
Punch Card Management substantially trimmed its Berkshire Hathaway position and sharply increased its stake in Pdd Holdings.