- Charlie Munger’s Daily Journal Portfolio continues to have just four positions.
- The portfolio has been largely untouched since their first 13F filing for Q4 2013.
- The overall portfolio value increased ~29% in the quarter helped by the rally in financials.
Charlie Munger’s Daily Journal portfolio value increased a whopping ~29% this quarter from $113M to $146M. Since their first 13F filing in Q4 2013, there has only been one change to the holdings: POSCO was reduced significantly in Q4 2014. After accounting for this sale, the portfolio value has remained remarkably steady over the last three years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.
Below is a look at the holdings:
Wells Fargo (WFC): WFC stake forms ~60% of the entire portfolio. The stock was at $45.40 EOY 2013 during their first 13F filing and is now at $55.75. For investors attempting to follow Munger, WFC is a good option to consider for further research.
Bank of America (BAC): BAC is another large stake at just over one-third of the portfolio. The stock was at $15.57 during their first 13F filing for EOY 2013 and is now at $22.72.
US Bancorp (USB): USB is a 4.92% of the portfolio position. The stock is at ~$53.13, around 30% higher compared to the EOY 2013 pricing of ~$40
POSCO (PKX): The minutely small 0.35% portfolio stake was sold down by ~85% in Q4 2014 at prices between $64 and $73. The stock is now at $59.56.
The spreadsheet below show Charlie Munger's Daily Journal US stock holdings as of Q4 2016. Please visit our previous updates to get an idea on how the portfolio has progressed:
To learn more about how to profit from a strategy of cloning hedge fund picks, check out our book Profiting from Hedge Funds: Winning Strategies for the Little Guy .