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Focused investors/Norbert Lou

Norbert Lou - Punch Card Management

As of Q2 2026, Norbert Lou reported 5 long-equity positions worth $255.95M in aggregate.

Copy-investor backtest

Latest quarter
+11.65%
1-year
+6.11%
3-year
+33.26%
5-year
+15.37%
3-year vs S&P 500
-39.98%
5-year vs S&P 500
-58.31%
5-year top 5
+15.32%

Return from mechanically copying the disclosed 13F equity portfolio after each filing and rebalancing at the next. The vs S&P 500 figures subtract SPY over that manager's own rebalance dates, so both sides cover the same days; both are price return, excluding dividends. Method & limitations.

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Updated 2026-06-06 from SEC 13F data.
1BRK/ABERKSHIRE HATHAWAY INC DELCUSIP 08467010865.61%-373$84.3K
2WFCWSWELLS FARGO & CO NEW24.27%-1,459,516$31.18K
3CTCMCTC MEDIA INC10.12%-2,669,630$13K