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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 2026-05-30 from SEC 13F data.

Live quotes available for 3 of 4 rows. Rows without a quote are marked unavailable.

1BRK-ABERKSHIRE HATHAWAY INC DEL53.44%Reduce -58.5%145$115.77M$798441.6052w: $596000.00 - $806024.00; reported $798441.60
2SGOVISHARES TR27.00%-581,100$58.5M$100.6752w: $100.15 - $100.75; reported $100.67
3PDDPDD HOLDINGS INC16.76%Add +136.0%306,751$36.3M$118.3552w: $88.01 - $164.69; reported $118.35
4SWBISMITH & WESSON BRANDS INC2.79%-648,956$6.05MNo quoteNo quote