Daily Journal Corp (Charlie Munger)
Daily Journal Corp · 11 closed periods in the current 3-year detail window (latest closed period: Q4 2025 → next disclosure, 4 priced positions, -9.09% return). Every disclosed long-equity position appears in the table for its period; the Valid column shows 1 (counted in the math) or 0 (excluded — hover the row for the reason). See the methodology for the exact math.
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2026-01-13 → 2026-04-15
4 of 4 priced100.00% coverage-9.09%Holdings from Q4 2025 disclosure · accession 0001437749-26-001178 — these holdings should be identical to the manager's portfolio view for that quarter.
2026-01-13 → 2026-04-15
4 of 4 priced100.00% coverage-9.09%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,413,000 | $93.56 | — | $80.29 | $132.2M | $113.45M | -14.18% | 47.60% | -6.8 bps | 1 |
| BAC | 2,000,000 | $54.54 | — | $54.32 | $109.08M | $108.64M | -0.40% | 39.76% | -0.2 bps | 1 |
| BABA | 195,000 | $167.01 | — | $133.28 | $32.57M | $25.99M | -20.20% | 10.33% | -2.1 bps | 1 |
| USB | 119,500 | $54.05 | — | $56.37 | $6.46M | $6.74M | +4.29% | 2.30% | +0.1 bps | 1 |
| Top 5 (by entry value)(4) | $280.31M | $254.82M | -9.09% | |||||||
| Total(4) | $280.31M | $254.82M | -9.09% | |||||||
2025-10-08 → 2026-01-13
4 of 4 priced100.00% coverage+13.32%Holdings from Q3 2025 disclosure · accession 0001437749-25-030667 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-10-08 → 2026-01-13
4 of 4 priced100.00% coverage+13.32%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,413,000 | $79.73 | — | $93.56 | $112.66M | $132.2M | +17.35% | 45.16% | +7.8 bps | 1 |
| BAC | 2,000,000 | $49.84 | — | $54.54 | $99.68M | $109.08M | +9.43% | 39.34% | +3.7 bps | 1 |
| BABA | 19,500 | $181.12 | — | $167.01 | $3.53M | $3.26M | -7.79% | 13.29% | -1.0 bps | 1 |
| USB | 119,500 | $46.99 | — | $54.05 | $5.62M | $6.46M | +15.02% | 2.20% | +0.3 bps | 1 |
| Top 5 (by entry value)(4) | $221.49M | $251M | +13.32% | |||||||
| Total(4) | $221.49M | $251M | +13.32% | |||||||
2025-07-09 → 2025-10-08
4 of 4 priced100.00% coverage+7.71%Holdings from Q2 2025 disclosure · accession 0001437749-25-022429 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-07-09 → 2025-10-08
4 of 4 priced100.00% coverage+7.71%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,413,000 | $81.79 | — | $79.73 | $115.57M | $112.66M | -2.52% | 48.10% | -1.2 bps | 1 |
| BAC | 2,000,000 | $46.84 | — | $49.84 | $93.68M | $99.68M | +6.40% | 40.21% | +2.6 bps | 1 |
| BABA | 195,000 | $103.83 | — | $181.12 | $20.25M | $35.32M | +74.44% | 9.40% | +7.0 bps | 1 |
| USB | 119,500 | $47.30 | — | $46.99 | $5.65M | $5.62M | -0.66% | 2.30% | -0.0 bps | 1 |
| Top 5 (by entry value)(4) | $235.15M | $253.27M | +7.71% | |||||||
| Total(4) | $235.15M | $253.27M | +7.71% | |||||||
2025-04-15 → 2025-07-09
4 of 4 priced100.00% coverage+21.41%Holdings from Q1 2025 disclosure · accession 0001437749-25-012088 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-04-15 → 2025-07-09
4 of 4 priced100.00% coverage+21.41%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,413,000 | $64.54 | — | $81.79 | $91.2M | $115.57M | +26.73% | 47.02% | +12.6 bps | 1 |
| BAC | 2,000,000 | $37.99 | — | $46.84 | $75.98M | $93.68M | +23.30% | 38.69% | +9.0 bps | 1 |
| BABA | 195,000 | $112.28 | — | $103.83 | $21.89M | $20.25M | -7.53% | 11.95% | -0.9 bps | 1 |
| USB | 119,500 | $38.63 | — | $47.30 | $4.62M | $5.65M | +22.44% | 2.34% | +0.5 bps | 1 |
| Top 5 (by entry value)(4) | $193.69M | $235.15M | +21.41% | |||||||
| Total(4) | $193.69M | $235.15M | +21.41% | |||||||
2025-02-18 → 2025-04-15
4 of 4 priced100.00% coverage-18.51%Holdings from Q4 2024 disclosure · accession 0001437749-25-004092 — these holdings should be identical to the manager's portfolio view for that quarter.
2025-02-18 → 2025-04-15
4 of 4 priced100.00% coverage-18.51%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,413,000 | $80.78 | — | $64.54 | $114.14M | $91.2M | -20.10% | 47.40% | -9.5 bps | 1 |
| BAC | 2,000,000 | $46.53 | — | $37.99 | $93.06M | $75.98M | -18.35% | 41.98% | -7.7 bps | 1 |
| BABA | 195,000 | $126.90 | — | $112.28 | $24.75M | $21.89M | -11.52% | 7.90% | -0.9 bps | 1 |
| USB | 119,500 | $47.94 | — | $38.63 | $5.73M | $4.62M | -19.42% | 2.73% | -0.5 bps | 1 |
| Top 5 (by entry value)(4) | $237.68M | $193.69M | -18.51% | |||||||
| Total(4) | $237.68M | $193.69M | -18.51% | |||||||
2024-10-11 → 2025-02-18
4 of 4 priced100.00% coverage+20.60%Holdings from Q3 2024 disclosure · accession 0001437749-24-031049 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-10-11 → 2025-02-18
4 of 4 priced100.00% coverage+20.60%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,413,000 | $60.99 | — | $80.78 | $86.18M | $114.14M | +32.45% | 43.07% | +14.0 bps | 1 |
| BAC | 2,000,000 | $41.95 | — | $46.53 | $83.9M | $93.06M | +10.92% | 42.82% | +4.7 bps | 1 |
| BABA | 195,000 | $110.14 | — | $126.90 | $21.48M | $24.75M | +15.22% | 11.17% | +1.7 bps | 1 |
| USB | 119,500 | $46.26 | — | $47.94 | $5.53M | $5.73M | +3.63% | 2.95% | +0.1 bps | 1 |
| Top 5 (by entry value)(4) | $197.08M | $237.68M | +20.60% | |||||||
| Total(4) | $197.08M | $237.68M | +20.60% | |||||||
2024-10-02 → 2024-10-11
4 of 4 priced100.00% coverage+6.90%Holdings from Q2 2024 disclosure · accession 0001437749-24-030496 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-10-02 → 2024-10-11
4 of 4 priced100.00% coverage+6.90%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,413,000 | $55.30 | — | $60.99 | $78.14M | $86.18M | +10.29% | 46.05% | +4.7 bps | 1 |
| BAC | 2,000,000 | $39.23 | — | $41.95 | $78.46M | $83.9M | +6.93% | 43.65% | +3.0 bps | 1 |
| BABA | 195,000 | $115.25 | — | $110.14 | $22.47M | $21.48M | -4.43% | 7.70% | -0.3 bps | 1 |
| USB | 119,500 | $44.25 | — | $46.26 | $5.29M | $5.53M | +4.54% | 2.60% | +0.1 bps | 1 |
| Top 5 (by entry value)(4) | $184.36M | $197.08M | +6.90% | |||||||
| Total(4) | $184.36M | $197.08M | +6.90% | |||||||
2024-04-04 → 2024-10-02
4 of 4 priced100.00% coverage+6.51%Holdings from Q1 2024 disclosure · accession 0001437749-24-011104 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-04-04 → 2024-10-02
4 of 4 priced100.00% coverage+6.51%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,413,000 | $56.68 | — | $55.30 | $80.09M | $78.14M | -2.43% | 46.22% | -1.1 bps | 1 |
| BAC | 2,000,000 | $36.92 | — | $39.23 | $73.84M | $78.46M | +6.26% | 42.80% | +2.7 bps | 1 |
| BABA | 195,000 | $71.95 | — | $115.25 | $14.03M | $22.47M | +60.18% | 7.96% | +4.8 bps | 1 |
| USB | 119,500 | $42.92 | — | $44.25 | $5.13M | $5.29M | +3.10% | 3.01% | +0.1 bps | 1 |
| Top 5 (by entry value)(4) | $173.09M | $184.36M | +6.51% | |||||||
| Total(4) | $173.09M | $184.36M | +6.51% | |||||||
2024-01-17 → 2024-04-04
4 of 4 priced100.00% coverage+16.63%Holdings from Q4 2023 disclosure · accession 0001437749-24-001453 — these holdings should be identical to the manager's portfolio view for that quarter.
2024-01-17 → 2024-04-04
4 of 4 priced100.00% coverage+16.63%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,591,800 | $46.67 | — | $56.68 | $74.29M | $90.22M | +21.45% | 42.33% | +9.1 bps | 1 |
| BAC | 2,300,000 | $31.80 | — | $36.92 | $73.14M | $84.92M | +16.10% | 41.84% | +6.7 bps | 1 |
| BABA | 300,000 | $68.93 | — | $71.95 | $20.68M | $21.59M | +4.38% | 12.56% | +0.6 bps | 1 |
| USB | 140,000 | $40.82 | — | $42.92 | $5.71M | $6.01M | +5.14% | 3.27% | +0.2 bps | 1 |
| Top 5 (by entry value)(4) | $173.82M | $202.73M | +16.63% | |||||||
| Total(4) | $173.82M | $202.73M | +16.63% | |||||||
2023-10-11 → 2024-01-17
4 of 4 priced100.00% coverage+11.28%Holdings from Q3 2023 disclosure · accession 0001437749-23-028047 — these holdings should be identical to the manager's portfolio view for that quarter.
2023-10-11 → 2024-01-17
4 of 4 priced100.00% coverage+11.28%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,591,800 | $39.69 | — | $46.67 | $63.18M | $74.29M | +17.59% | 40.99% | +7.2 bps | 1 |
| BAC | 2,300,000 | $27.02 | — | $31.80 | $62.15M | $73.14M | +17.69% | 39.69% | +7.0 bps | 1 |
| BABA | 300,000 | $87.78 | — | $68.93 | $26.33M | $20.68M | -21.47% | 16.40% | -3.5 bps | 1 |
| USB | 140,000 | $32.51 | — | $40.82 | $4.55M | $5.71M | +25.56% | 2.92% | +0.7 bps | 1 |
| Top 5 (by entry value)(4) | $156.21M | $173.82M | +11.28% | |||||||
| Total(4) | $156.21M | $173.82M | +11.28% | |||||||
2023-07-06 → 2023-10-11
4 of 4 priced100.00% coverage-4.22%Holdings from Q2 2023 disclosure · accession 0001437749-23-019507 — these holdings should be identical to the manager's portfolio view for that quarter.
2023-07-06 → 2023-10-11
4 of 4 priced100.00% coverage-4.22%
| Ticker | Entry shares | Entry $ | Split | Exit $ | Entry value | Exit value | Return | Weight | Contribution | Valid |
|---|---|---|---|---|---|---|---|---|---|---|
| WFC | 1,591,800 | $42.89 | — | $39.69 | $68.27M | $63.18M | -7.46% | 41.54% | -3.1 bps | 1 |
| BAC | 2,300,000 | $28.28 | — | $27.02 | $65.04M | $62.15M | -4.46% | 40.35% | -1.8 bps | 1 |
| BABA | 300,000 | $83.84 | — | $87.78 | $25.15M | $26.33M | +4.70% | 15.29% | +0.7 bps | 1 |
| USB | 140,000 | $32.99 | — | $32.51 | $4.62M | $4.55M | -1.46% | 2.83% | -0.0 bps | 1 |
| Top 5 (by entry value)(4) | $163.09M | $156.21M | -4.22% | |||||||
| Total(4) | $163.09M | $156.21M | -4.22% | |||||||