{
 "manager": "Punch Card Management",
 "page": "https://www.moatshark.com/m/punch-card-management",
 "form": "13F-HR",
 "period": "2026-06-30",
 "filed": "2026-08-14",
 "previous_period": "2026-03-31",
 "filing_url": "https://www.sec.gov/Archives/edgar/data/1631664/000139834426014658/0001398344-26-014658-index.htm",
 "total_value_usd": 255951708,
 "note": "Source: SEC filings via moatshark. Values and changes are estimates; not investment advice.",
 "holdings": [
  {
   "company": "Berkshire Hathaway",
   "ticker": "BRK.B",
   "moatshark_slug": "brk-b",
   "sector": "Insurance",
   "value_usd": 108583250,
   "shares": 145,
   "portfolio_pct": 42.42,
   "previous_pct": 38.47,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 47
  },
  {
   "company": "Crocs",
   "ticker": "CROX",
   "moatshark_slug": "crox",
   "sector": "Other",
   "value_usd": 69629789,
   "shares": 577170,
   "portfolio_pct": 27.2,
   "previous_pct": 18.24,
   "change": "REDUCE",
   "share_change_pct": -2.9,
   "quarters_held": 5
  },
  {
   "company": "PDD Holdings",
   "ticker": "PDD",
   "moatshark_slug": "pdd",
   "sector": "Consumer discretionary",
   "value_usd": 31656505,
   "shares": 415004,
   "portfolio_pct": 12.37,
   "previous_pct": 15.67,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 7
  },
  {
   "company": "Paypal Holdings",
   "ticker": "PYPL",
   "moatshark_slug": "pypl",
   "sector": "Financials",
   "value_usd": 27156204,
   "shares": 628907,
   "portfolio_pct": 10.61,
   "previous_pct": 10.51,
   "change": "HOLD",
   "share_change_pct": 0,
   "quarters_held": 4
  },
  {
   "company": "Ishares Tr",
   "ticker": "SGOV",
   "moatshark_slug": "sgov",
   "sector": null,
   "value_usd": 18925960,
   "shares": 188000,
   "portfolio_pct": 7.39,
   "previous_pct": 17.11,
   "change": "REDUCE",
   "share_change_pct": -59.1,
   "quarters_held": 12
  }
 ]
}