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Daily Journal Corp (Charlie Munger)

Daily Journal Corp · 20 closed periods in the current 5-year detail window (latest closed period: Q1 2026 → next disclosure, 4 priced positions, +9.07% 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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2026-04-152026-07-16

4 of 4 priced100.00% coverage
+9.07%
Holdings from Q1 2026 disclosure · accession 0001437749-26-012379 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,413,000$80.29$88.07$113.45M$124.44M+9.69%46.74%+452.9 bps1
BACTOP 52,000,000$54.32$61.42$108.64M$122.85M+13.08%40.51%+529.9 bps1
BABATOP 5195,000$133.28$117.81$25.99M$22.97M-11.60%10.17%-118.0 bps1
USBTOP 5119,500$56.37$64.01$6.74M$7.65M+13.55%2.58%+35.0 bps1
Top 5 (by entry value)(4)$254.82M$277.92M+9.07%
Total(4)$254.82M$277.92M+9.07%

2026-01-132026-04-15

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.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,413,000$93.56$80.29$132.2M$113.45M-14.18%47.60%-675.2 bps1
BACTOP 52,000,000$54.54$54.32$109.08M$108.64M-0.40%39.76%-16.0 bps1
BABATOP 5195,000$167.01$133.28$32.57M$25.99M-20.20%10.33%-208.7 bps1
USBTOP 5119,500$54.05$56.37$6.46M$6.74M+4.29%2.30%+9.9 bps1
Top 5 (by entry value)(4)$280.31M$254.82M-9.09%
Total(4)$280.31M$254.82M-9.09%

2025-10-142026-01-13

4 of 4 priced100.00% coverage
+9.05%
Holdings from Q3 2025 disclosure · accession 0001437749-25-030873 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,413,000$84.56$93.56$119.48M$132.2M+10.64%45.16%+480.7 bps1
BACTOP 52,000,000$50.09$54.54$100.18M$109.08M+8.88%39.34%+349.5 bps1
BABATOP 5195,000$162.86$167.01$31.76M$32.57M+2.55%13.29%+33.9 bps1
USBTOP 5119,500$47.09$54.05$5.63M$6.46M+14.78%2.20%+32.6 bps1
Top 5 (by entry value)(4)$257.05M$280.31M+9.05%
Total(4)$257.05M$280.31M+9.05%

2025-07-092025-10-14

4 of 4 priced100.00% coverage
+9.31%
Holdings from Q2 2025 disclosure · accession 0001437749-25-022429 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,413,000$81.79$84.56$115.57M$119.48M+3.39%48.10%+162.9 bps1
BACTOP 52,000,000$46.84$50.09$93.68M$100.18M+6.94%40.21%+279.0 bps1
BABATOP 5195,000$103.83$162.86$20.25M$31.76M+56.85%9.40%+534.2 bps1
USBTOP 5119,500$47.30$47.09$5.65M$5.63M-0.44%2.30%-1.0 bps1
Top 5 (by entry value)(4)$235.15M$257.05M+9.31%
Total(4)$235.15M$257.05M+9.31%

2025-04-152025-07-09

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.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,413,000$64.54$81.79$91.2M$115.57M+26.73%47.02%+1256.8 bps1
BACTOP 52,000,000$37.99$46.84$75.98M$93.68M+23.30%38.69%+901.2 bps1
BABATOP 5195,000$112.28$103.83$21.89M$20.25M-7.53%11.95%-90.0 bps1
USBTOP 5119,500$38.63$47.30$4.62M$5.65M+22.44%2.34%+52.5 bps1
Top 5 (by entry value)(4)$193.69M$235.15M+21.41%
Total(4)$193.69M$235.15M+21.41%

2025-02-182025-04-15

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.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,413,000$80.78$64.54$114.14M$91.2M-20.10%47.40%-952.9 bps1
BACTOP 52,000,000$46.53$37.99$93.06M$75.98M-18.35%41.98%-770.4 bps1
BABATOP 5195,000$126.90$112.28$24.75M$21.89M-11.52%7.90%-91.0 bps1
USBTOP 5119,500$47.94$38.63$5.73M$4.62M-19.42%2.73%-53.0 bps1
Top 5 (by entry value)(4)$237.68M$193.69M-18.51%
Total(4)$237.68M$193.69M-18.51%

2024-10-112025-02-18

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.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,413,000$60.99$80.78$86.18M$114.14M+32.45%43.07%+1397.4 bps1
BACTOP 52,000,000$41.95$46.53$83.9M$93.06M+10.92%42.82%+467.5 bps1
BABATOP 5195,000$110.14$126.90$21.48M$24.75M+15.22%11.17%+169.9 bps1
USBTOP 5119,500$46.26$47.94$5.53M$5.73M+3.63%2.95%+10.7 bps1
Top 5 (by entry value)(4)$197.08M$237.68M+20.60%
Total(4)$197.08M$237.68M+20.60%

2024-10-022024-10-11

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.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,413,000$55.30$60.99$78.14M$86.18M+10.29%46.05%+473.8 bps1
BACTOP 52,000,000$39.23$41.95$78.46M$83.9M+6.93%43.65%+302.6 bps1
BABATOP 5195,000$115.25$110.14$22.47M$21.48M-4.43%7.70%-34.2 bps1
USBTOP 5119,500$44.25$46.26$5.29M$5.53M+4.54%2.60%+11.8 bps1
Top 5 (by entry value)(4)$184.36M$197.08M+6.90%
Total(4)$184.36M$197.08M+6.90%

2024-04-042024-10-02

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.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,413,000$56.68$55.30$80.09M$78.14M-2.43%46.22%-112.5 bps1
BACTOP 52,000,000$36.92$39.23$73.84M$78.46M+6.26%42.80%+267.8 bps1
BABATOP 5195,000$71.95$115.25$14.03M$22.47M+60.18%7.96%+479.2 bps1
USBTOP 5119,500$42.92$44.25$5.13M$5.29M+3.10%3.01%+9.3 bps1
Top 5 (by entry value)(4)$173.09M$184.36M+6.51%
Total(4)$173.09M$184.36M+6.51%

2024-01-172024-04-04

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.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,591,800$46.67$56.68$74.29M$90.22M+21.45%42.33%+907.9 bps1
BACTOP 52,300,000$31.80$36.92$73.14M$84.92M+16.10%41.84%+673.6 bps1
BABATOP 5300,000$68.93$71.95$20.68M$21.59M+4.38%12.56%+55.0 bps1
USBTOP 5140,000$40.82$42.92$5.71M$6.01M+5.14%3.27%+16.8 bps1
Top 5 (by entry value)(4)$173.82M$202.73M+16.63%
Total(4)$173.82M$202.73M+16.63%

2023-10-112024-01-17

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.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,591,800$39.69$46.67$63.18M$74.29M+17.59%40.99%+720.9 bps1
BACTOP 52,300,000$27.02$31.80$62.15M$73.14M+17.69%39.69%+702.1 bps1
BABATOP 5300,000$87.78$68.93$26.33M$20.68M-21.47%16.40%-352.2 bps1
USBTOP 5140,000$32.51$40.82$4.55M$5.71M+25.56%2.92%+74.6 bps1
Top 5 (by entry value)(4)$156.21M$173.82M+11.28%
Total(4)$156.21M$173.82M+11.28%

2023-07-062023-10-11

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.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
WFCTOP 51,591,800$42.89$39.69$68.27M$63.18M-7.46%41.54%-309.9 bps1
BACTOP 52,300,000$28.28$27.02$65.04M$62.15M-4.46%40.35%-179.8 bps1
BABATOP 5300,000$83.84$87.78$25.15M$26.33M+4.70%15.29%+71.8 bps1
USBTOP 5140,000$32.99$32.51$4.62M$4.55M-1.46%2.83%-4.1 bps1
Top 5 (by entry value)(4)$163.09M$156.21M-4.22%
Total(4)$163.09M$156.21M-4.22%

2023-04-042023-07-06

4 of 4 priced100.00% coverage
+3.17%
Holdings from Q1 2023 disclosure · accession 0001437749-23-009324 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BACTOP 52,300,000$27.98$28.28$64.35M$65.04M+1.07%40.86%+43.8 bps1
WFCTOP 51,591,800$36.81$42.89$58.59M$68.27M+16.52%36.96%+610.5 bps1
BABATOP 5300,000$100.72$83.84$30.22M$25.15M-16.76%19.04%-319.1 bps1
USBTOP 5140,000$35.06$32.99$4.91M$4.62M-5.90%3.14%-18.5 bps1
Top 5 (by entry value)(4)$158.07M$163.09M+3.17%
Total(4)$158.07M$163.09M+3.17%

2023-01-052023-04-04

4 of 4 priced100.00% coverage
-13.93%
Holdings from Q4 2022 disclosure · accession 0001437749-23-000377 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BACTOP 52,300,000$34.07$27.98$78.36M$64.35M-17.88%43.67%-780.6 bps1
WFCTOP 51,591,800$42.42$36.81$67.52M$58.59M-13.22%37.68%-498.3 bps1
BABATOP 5300,000$104.58$100.72$31.37M$30.22M-3.69%15.15%-55.9 bps1
USBTOP 5140,000$45.67$35.06$6.39M$4.91M-23.23%3.50%-81.3 bps1
Top 5 (by entry value)(4)$183.65M$158.07M-13.93%
Total(4)$183.65M$158.07M-13.93%

2022-10-052023-01-05

4 of 5 priced99.78% coverage
+5.80%
Holdings from Q3 2022 disclosure · accession 0001437749-22-023620 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BACTOP 52,300,000$31.92$34.07$73.42M$78.36M+6.74%42.49%+286.2 bps1
WFCTOP 51,591,800$43.31$42.42$68.94M$67.52M-2.06%39.16%-80.5 bps1
BABATOP 5300,000$84.39$104.58$25.32M$31.37M+23.92%14.68%+351.2 bps1
USBTOP 5140,000$42.20$45.67$5.91M$6.39M+8.22%3.45%+28.4 bps1
PKX0.22%0
Top 5 (by entry value)(4)$173.58M$183.65M+5.80%
Total(4)$173.58M$183.65M+5.80%

2022-07-082022-10-05

4 of 5 priced99.75% coverage
-3.49%
Holdings from Q2 2022 disclosure · accession 0001437749-22-016844 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BACTOP 52,300,000$31.79$31.92$73.12M$73.42M+0.41%40.93%+16.7 bps1
WFCTOP 51,591,800$40.18$43.31$63.96M$68.94M+7.79%35.64%+277.7 bps1
BABATOP 5300,000$120.90$84.39$36.27M$25.32M-30.20%19.50%-588.7 bps1
USBTOP 5140,000$46.53$42.20$6.51M$5.91M-9.31%3.68%-34.3 bps1
PKX0.25%0
Top 5 (by entry value)(4)$179.86M$173.58M-3.49%
Total(4)$179.86M$173.58M-3.49%

2022-04-112022-07-08

4 of 5 priced99.73% coverage
-13.23%
Holdings from Q1 2022 disclosure · accession 0001437749-22-008649 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BACTOP 52,300,000$39.59$31.79$91.06M$73.12M-19.70%44.59%-878.6 bps1
WFCTOP 51,591,800$49.33$40.18$78.52M$63.96M-18.55%36.28%-673.0 bps1
BABATOP 5300,000$101.55$120.90$30.47M$36.27M+19.05%15.35%+292.5 bps1
USBTOP 5140,000$51.72$46.53$7.24M$6.51M-10.03%3.50%-35.1 bps1
PKX0.27%0
Top 5 (by entry value)(4)$207.29M$179.86M-13.23%
Total(4)$207.29M$179.86M-13.23%

2022-01-042022-04-11

4 of 5 priced99.78% coverage
-13.33%
Holdings from Q4 2021 disclosure · accession 0001437749-22-000255 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BACTOP 52,300,000$47.99$39.59$110.38M$91.06M-17.50%39.56%-692.5 bps1
WFCTOP 51,591,800$52.75$49.33$83.97M$78.52M-6.48%29.53%-191.4 bps1
BABATOP 5602,060$119.56$101.55$71.98M$61.14M-15.06%27.65%-416.5 bps1
USBTOP 5140,000$58.77$51.72$8.23M$7.24M-12.00%3.04%-36.5 bps1
PKX0.22%0
Top 5 (by entry value)(4)$274.55M$237.96M-13.33%
Total(4)$274.55M$237.96M-13.33%

2021-10-052022-01-04

4 of 5 priced99.70% coverage
+3.84%
Holdings from Q3 2021 disclosure · accession 0001437749-21-023262 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BACTOP 52,300,000$44.22$47.99$101.71M$110.38M+8.53%43.35%+369.6 bps1
WFCTOP 51,591,800$47.96$52.75$76.34M$83.97M+9.99%32.80%+327.6 bps1
BABATOP 5302,060$143.14$119.56$43.24M$36.11M-16.47%19.86%-327.1 bps1
USBTOP 5140,000$61.29$58.77$8.58M$8.23M-4.11%3.70%-15.2 bps1
PKX0.30%0
Top 5 (by entry value)(4)$229.87M$238.69M+3.84%
Total(4)$229.87M$238.69M+3.84%

2021-07-232021-10-05

4 of 5 priced99.65% coverage
+5.34%
Holdings from Q2 2021 disclosure · accession 0001437749-21-017390 — these holdings should be identical to the manager's portfolio view for that quarter.
TickerEntry sharesEntry $SplitExit $Entry valueExit valueReturnWeightContributionValid
BACTOP 52,300,000$37.70$44.22$86.71M$101.71M+17.29%44.49%+769.5 bps1
WFCTOP 51,591,800$44.59$47.96$70.98M$76.34M+7.56%33.82%+255.6 bps1
BABATOP 5165,320$206.53$143.14$34.14M$23.66M-30.69%17.59%-539.9 bps1
USBTOP 5140,000$55.72$61.29$7.8M$8.58M+10.00%3.74%+37.4 bps1
PKX0.35%0
Top 5 (by entry value)(4)$199.63M$210.29M+5.34%
Total(4)$199.63M$210.29M+5.34%