Punch Card Management Lp
- Regulatory AUM
- $505M
- Discretionary
- $505M
- Clients
- 1
- Avg AUM / client
- $505M
- Accounts
- 1
- Employees
- 4
AUM over time
Annual snapshots from Form ADV filings · as of Mar 26, 2026
Investments (13F portfolio — 5 positions, $270,645,674)
13F period Mar 31, 2026| # | Issuer | Class | Value | Shares | % of 13F | % of AUM |
|---|---|---|---|---|---|---|
| 1 | Berkshire Hathaway Inc Del | CL A | $104,130,300 | 145 | 38.5% | 20.6% |
| 2 | Crocs Inc | COM | $49,361,201 | 594,570 | 18.2% | 9.77% |
| 3 | Ishares Tr | 0-3 MNTH TREASRY | $46,303,600 | 460,000 | 17.1% | 9.16% |
| 4 | Pdd Holdings Inc | SPONSORED ADS | $42,405,109 | 415,004 | 15.7% | 8.39% |
| 5 | Paypal Hldgs Inc | COM | $28,445,464 | 628,907 | 10.5% | 5.63% |
Top 25 of 5 positions from the manager's latest Form 13F · source filing (EDGAR) ↗. 13F covers long US-listed positions only. "% of AUM" is share of the firm's total regulatory AUM (Form ADV Item 5.F).
Who they serve
| Client type | Clients | AUM | % of AUM |
|---|---|---|---|
| Pooled investment vehicles (non-investment companies) | 1 | $505M | 100.0% |
Private funds (1)
Reported in Form ADV Section 7.B.(1), filing of Mar 2024 · $588M combined gross assets
| Fund | Type | Domicile | Gross assets | Owners |
|---|---|---|---|---|
| Punch Card Capital, Lp | Hedge Fund | Delaware | $588M | 38 |
People (4)
| Name | Role / title | Credentials | With firm since | Ownership |
|---|---|---|---|---|
| Goldstein, Robert, Lawrence | Member | Oct 2003 (23y) | 25% – 50% of Gotham Advisers, Llc (indirect) | |
| Greenblatt, Joel, Michael | Managing Member | Oct 2003 (23y) | 25% – 50% of Gotham Advisers, Llc (indirect) | |
| Lou, Norbert, Hsin Yeu | Limited Partner | Apr 2004 (22y) | 75% or more | |
| Chow, Francis, Pei Chi | Chief Operating Officer And Chief Compliance Officer | Jan 2015 (12y) | Less than 5% |
Entity owners (Schedule A/B)
| Entity | Title / status | Since | Sch. | Ownership |
|---|---|---|---|---|
| Gotham Advisers Llc | Limited Partner | Apr 2004 | A | 10% – 25% |
| Punch Card Gp Llc | General Partner | Apr 2004 | A | Less than 5% |
Undisclosed: 0% – 15% of the firm is not attributable from the filed Schedule A bands.
Roster from the IAPD representatives feed; ownership and acquisition dates from Form ADV Schedule A/B. "Since" is the earliest filed registration or acquisition date.
Private funds (1, $588M gross assets)
| Fund | Type | Gross assets | Min. investment | Owners |
|---|---|---|---|---|
| Punch Card Capital, Lp | Hedge Fund | $588M | $3.0M | 38 |
From Form ADV Section 7.B private fund reporting.
Documents (1 archived)
| Form | Period | Size | |
|---|---|---|---|
| Form ADV (full filing) | 03/26/2026 | 1.22 MB | View · PDF · Source ↗ |
Archived copies of the firm's regulatory filings, versioned by content hash.
Disciplinary disclosures
No disciplinary events reported on the firm's latest Form ADV filing.
How they charge
- • Percentage of assets under management
- • Performance-based fees
Services
- • Portfolio management for pooled investment vehicles
Custody
Firm reports it does not have custody of client funds or securities (Item 9.A).
No custodian data reported or mined yet.
Source
All data on this page comes from this firm's Form ADV filings, reproduced without modification. Latest filing: Mar 26, 2026.
View current Form ADV (SEC/IAPD) ↗