PUNCH CARD MANAGEMENT

other names
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Adviser Profile
As of Date 03/29/2024
Adviser Type - Large advisory firm
Number of Employees 4
of those in investment advisory functions 4
Registration SEC, Approved, 4/22/2014
Other registrations (1)
AUM* 588,346,236 10.69%
of that, discretionary 588,346,236 10.69%
Private Fund GAV* 588,346,236 10.69%
Avg Account Size 588,346,236 10.69%
SMA’s No
Private Funds 1
Contact Info 407 xxxxxxx
Websites

Client Types

- Pooled investment vehicles

Advisory Activities

- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Recent News

Reported AUM

Discretionary
Non-discretionary
711M 609M 508M 406M 305M 203M 102M
2015 2016 2017 2018 2019 2020 2021 2022 2023

Private Funds



Employees

Private Funds Structure

Fund Type Count GAV
Fund TypeHedge Fund Count1 GAV$588,346,236

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Top Holdings

Stock Ticker Stock Name $ Position % Position $ Change # Change
Stck Ticker084670108 Stock NameBERKSHIRE HATHAWAY INC DEL $ Position$213,672,109 % Position63.00% $ Change-3.00% # Change0.00%
Stck Ticker46436E718 Stock NameISHARES TR $ Position$58,522,581 % Position17.00% $ Change2215.00% # Change2215.00%
Stck Ticker974637100 Stock NameWINNEBAGO INDS INC $ Position$54,014,257 % Position16.00% $ Change-27.00% # Change0.00%
Stck Ticker831754106 Stock NameSMITH & WESSON BRANDS INC $ Position$12,046,145 % Position4.00% $ Change-17.00% # Change0.00%

Brochure Summary

Overview

Advisory Services 4. A. Advisory Firm Description Punch Card Management, LP (“Punch Card”) was formed in 2004 as an investment adviser to a private fund, Punch Card Capital, LP (the “Fund”). Norbert Lou is the principal owner of Punch Card. 4.B Types of Advisory Services Punch Card provides investment advisory and management services on a discretionary basis to the Fund, which is a private pooled investment vehicle organized as a domestic limited partnership. 4.C. Client Investment Objectives/Restrictions Investments for the Fund are
managed in accordance with the Fund’s specific investment objectives, strategies and restrictions. Investments are not tailored to the individualized needs of any particular investor in the Fund (each, an “Investor”). Investors may not impose restrictions on investing in certain securities or certain types of securities. 4.D. Wrap-Fee Programs Punch Card does not participate in any wrap fee programs. 4.E. Assets Under Management As of December 31, 2023, Punch Card had $588,346,236 in assets under management. All assets are managed on a discretionary basis.