Punch Card Management L.P. — ISHARES TR SGOV: Quarterly 13F Position History
Punch Card Management L.P. has reported ISHARES TR (SGOV) on 11 13F-HR filings in Pactolio's tracked window, first appearing in Q3 2023. As of Q1 2026, the position is sized at 460,000 shares ($46.3M market value, 17.11% of the equity book). Quarter-over-quarter share count change: 106,000 (-18.7%) .
- 460,000Shares Held (Latest Filing)
- $46.3MReported Market Value (Latest Filing)
- 17.11%Portfolio Weight (% of 13F Equity Book)
- 106,000Quarter-over-Quarter Share Change
- -$10.5MQuarter-over-Quarter Value Change
- 581,100Peak Reported Shares (Historical)
Quarterly 13F-HR Disclosure History Source: SEC 13F-HR filings, 11 quarter s
| Quarter | Shares | QoQ Share Change | Share Change (%) | Market Value | Weight | Implied Price |
|---|---|---|---|---|---|---|
| Q1 2026 | 460,000 | 106,000 | -18.7% | $46.3M | 17.11% | $100.66 |
| Q4 2025 | 566,000 | 0 | — | $56.8M | 18.88% | $100.38 |
| Q3 2025 | 566,000 | 0 | — | $57.0M | 17.68% | $100.70 |
| Q2 2025 | 566,000 | 15,100 | -2.6% | $57.0M | 18.39% | $100.69 |
| Q1 2025 | 581,100 | 0 | — | $58.5M | 27.00% | $100.67 |
| Q4 2024 | 581,100 | 0 | — | $58.3M | 18.50% | $100.32 |
| Q3 2024 | 581,100 | 0 | — | $58.5M | 17.49% | $100.72 |
| Q2 2024 | 581,100 | +556,000 | +2215.1% | $58.5M | 17.30% | $100.71 |
| Q1 2024 | 25,100 | 0 | — | $2.5M | 0.63% | $100.71 |
| Q4 2023 | 25,100 | 0 | — | $2.5M | 0.66% | $100.27 |
| Q3 2023 | 25,100 | — | — | $2.5M | 0.73% | $100.67 |
Methodology & FAQ
How This Position History Is Sourced
Each row is one SEC Form 13F-HR filing disclosing this position. Share count, market value, and reported quarter are taken verbatim from the filing; portfolio weight is recomputed against the same filing's total reported equity book. Implied price-per-share is market value divided by shares — a quarter-end mark, not the manager's cost basis. See the full methodology document for the normalization rules.
When did Punch Card Management L.P. first disclose a SGOV position in 13F-HR filings?
Punch Card Management L.P. first reported ISHARES TR (SGOV) on its 13F-HR filing for the period ending 2023-09-30 (Q3 2023). The position has appeared on 11 reported quarters within Pactolio's tracked window.
What was Punch Card Management L.P.'s most recent quarter-over-quarter share-count change in SGOV?
Between Q4 2025 and Q1 2026, Punch Card Management L.P. reduced its SGOV position by 106,000 shares (-18.7%), leaving 460,000 shares at a market value of $46.3M.
Does the implied price-per-share represent Punch Card Management L.P.'s cost basis in SGOV?
No. The implied price-per-share column is the 13F-HR reported market value divided by reported share count on the filing date (end of quarter). It is a quarter-end mark, not a cost basis or transaction price. Use it as a sanity check on the value column, not as an indicator of the manager's entry or exit price.