Norbert Lou - Punch Card Management
Clone performance
| Window | Clone CAGR | Note |
|---|---|---|
| Full window (2016-11-14 → 2026-10-02, 40 filings) | +11.43% | Cumulative +191.4% vs SPY +316.1% |
| Trailing 10Y | — | |
| Trailing 5Y | +4.42% | |
| Trailing 3Y | +11.20% | |
| Trailing 1Y | -2.63% |
Top holdings — 2026 Q2 filing
| Ticker | Company | Weight | Reported value |
|---|---|---|---|
| BRK.A | Berkshire Hathaway Inc Del | 42.42% | $109M |
| CROX | Crocs Inc | 27.20% | $70M |
| PDD | Pdd Holdings Inc | 12.37% | $32M |
| PYPL | Paypal Hldgs Inc | 10.61% | $27M |
| SGOV | Ishares Tr | 7.39% | $19M |
As reported on the 2026-06-30 Form 13F (filed 2026-08-14). Full holdings and quarter changes: holdings page.
Filing history in this profile
Every clone input traces to one of these SEC filings. 100.0% of the latest filing's reported value is covered by our price history; the remainder is mostly non-U.S. listings, recent IPOs or delisted names and is excluded from the clone.
Background (founded / HQ / style) source: https://smartadvisormatch.com/advisor-firm-network/florida/punch-card-management-162939 — Form ADV-based listing places Punch Card Management at 444 W. New England Ave, Winter Park, FL. The partnership incepted on June 1, 2004; Lou was helped to launch it by Joel Greenblatt and Gotham partners, who seeded it, after Lou's ideas won awards on Greenblatt's Value Investors Club. The name follows Buffett's '20-punch card' metaphor.