Norbert Lou | Punch Card Management L.p.

Norbert Lou is the managing partner of Punch Card Management L.p.. The 13F filing for 2016 Q1 included $206.71M in managed 13F securities and a top 10 holdings concentration of 100.00%. Punch Card Management L.p.'s largest holding is Baidu, Inc. with shares held of 546.18K. 10kreader has 31 13F filings available for Punch Card Management L.p..

2015 Q4

2016 Q2

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Company	Ticker	Market Value	% Portfolio	Shares	Change	Chg. Shares	Quarter End Price	Current Price	Yearly High	Yearly Low	Market Cap	% Owned
Baidu, Inc.	BIDU	104.25M	50.43%	546.18K	55.27%	194.42K	$190.88	$127.31	$182.6	$101.62	44.70B	0.16%
Berkshire Hathaway Inc Del		79.62M	38.52%	373		0	$213,450.40
Wells Fargo & Co New		22.84M	11.05%	1.46M		0	$15.65
Care Com Inc			0.00%	0	Sold All	-322.18K
T. Rowe Price Group, Inc.	TROW		0.00%	0	Sold All	-232.80K		$112.08	$223.36	$104.72	25.30B

Holdings Breakdown

Disclaimer: Investor holdings are derived from 13F filings which are required to be filed by all institutional investment managers with at least $100 million in assets under management. Limitations to this data include but are not limited to: (1) SEC does not review 13Fs for accuracy or completeness, (2) cash, foreign stocks, short positions, and a variety of other assets are not required to be reported, (3) 13Fs are often filed 45 days after the end of the quarter, by which time a manager's positions and outlook could have changed significantly, (4) the market value does not tell us at what price the manager acquired the asset, and (5) data is only available starting mid 2013. Please do your own research before drawing any conclusions from this data.