Tracking Daily Journal Portfolio – Q1 2024 Update

 

• Daily Journal (DJCO) Portfolio has just four positions.
• All positions were reduced significantly this quarter.
• The portfolio value decreased from $185M to $177M this quarter.

Daily Journal portfolio value decreased from $185M to $177M this quarter. Since their first 13F filing in Q4 2013, there have only been three changes to the holdings: POSCO was reduced significantly in Q4 2014 and dropped later on, and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those changes, the portfolio has remained remarkably steady over the last ten years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 Note: Charlie Munger passed on November 28, 2023.

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

The spreadsheet below shows Daily Journal’s 13F stock holdings as of Q1 2024. Please visit our previous updates to get an idea on how the portfolio has progressed:

 

Tracking Daily Journal Portfolio – Q4 2023 Update

•  Daily Journal (DJCO) Portfolio has just four positions. 
• The positions were untouched this quarter. 
• The portfolio value increased from $159M to $185M this quarter. 

Daily Journal portfolio value increased from $159M to $185M this quarter. Since their first 13F filing in Q4 2013, there have only been three changes to the holdings: POSCO was reduced significantly in Q4 2014 and dropped later on, and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those changes, the portfolio has remained remarkably steady over the last ten years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Daily Journal’s 13F stock holdings as of Q4 2023. 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 .

Tracking Charlie Munger's Daily Journal Portfolio – Q3 2023 Update

• Charlie Munger’s Daily Journal (DJCO) Portfolio has just four positions. 
• The positions were untouched this quarter. 
• The portfolio value increased from $161M to $159M this quarter. 

Charlie Munger’s Daily Journal portfolio value decreased from $161M to $159M this quarter. Since their first 13F filing in Q4 2013, there have only been three changes to the holdings: POSCO was reduced significantly in Q4 2014 and dropped later on, and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those changes, the portfolio has remained remarkably steady over the last ten years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q3 2023. 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 .

Tracking Charlie Munger's Daily Journal Portfolio – Q2 2023 Update

• Charlie Munger’s Daily Journal (DJCO) Portfolio has just four positions. 
• The positions were untouched this quarter. 
• The portfolio value increased from $161M to $164M this quarter. 

Charlie Munger’s Daily Journal portfolio value increased from $161M to $164M this quarter. Since their first 13F filing in Q4 2013, there have only been three changes to the holdings: POSCO was reduced significantly in Q4 2014 (dropped last quarter), and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those changes, the portfolio has remained remarkably steady over the last ten years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q2 2023. 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 .

Tracking Charlie Munger's Daily Journal Portfolio – Q1 2023 Update

•  Charlie Munger’s Daily Journal Portfolio has just four positions. 
• The positions were untouched this quarter. 
• The portfolio value decreased from $174M to $161M this quarter. 

Charlie Munger’s Daily Journal portfolio value decreased from $174M to $161M this quarter. Since their first 13F filing in Q4 2013, there have only been three changes to the holdings: POSCO was reduced significantly in Q4 2014 (dropped this quarter), and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those changes, the portfolio has remained remarkably steady over the last ten years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q1 2023. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q4 2022 Update

• Charlie Munger’s Daily Journal Portfolio has just four positions. 
• The positions were untouched this quarter. 
• The portfolio value increased from $163M to $174M this quarter. 

 Charlie Munger’s Daily Journal portfolio value increased from $163M to $174M this quarter. Since their first 13F filing in Q4 2013, there have only been three changes to the holdings: POSCO was reduced significantly in Q4 2014 (dropped this quarter), and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those changes, the portfolio has remained remarkably steady over the last ten years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q4 2022. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q3 2022 Update

• Charlie Munger’s Daily Journal Portfolio has just five positions. 
• The positions were untouched this quarter. 
• The portfolio value decreased from $175M to $163M this quarter. 

 Charlie Munger’s Daily Journal portfolio value decreased from $175M to $163M this quarter. Since their first 13F filing in Q4 2013, there have only been two changes to the holdings: POSCO was reduced significantly in Q4 2014, and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those two changes, the portfolio has remained remarkably steady over the last nine years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q3 2022. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q2 2022 Update

• Charlie Munger’s Daily Journal Portfolio has just five positions. 
• The positions were untouched this quarter. 
• The portfolio value decreased from $213M to $175M this quarter. 

Charlie Munger’s Daily Journal portfolio value decreased from $213M to $175M this quarter. Since their first 13F filing in Q4 2013, there have only been two changes to the holdings: POSCO was reduced significantly in Q4 2014, and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those two changes, the portfolio has remained remarkably steady over the last nine years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q2 2022. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q1 2022 Update

• Charlie Munger’s Daily Journal Portfolio has just five positions. 
• Alibaba Group Holdings stake was reduced by ~50% this quarter. 
• The portfolio value increased to $259M this quarter. 

 Charlie Munger’s Daily Journal portfolio value decreased from $259M to $213M this quarter. Since their first 13F filing in Q4 2013, there have only been two changes to the holdings: POSCO was reduced significantly in Q4 2014, and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those two changes, the portfolio has remained remarkably steady over the last nine years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q1 2022. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q4 2021 Update

• Charlie Munger’s Daily Journal Portfolio has just five positions. 
• Alibaba Group Holdings stake was doubled again this quarter. 
• The portfolio value increased to $259M this quarter. 

 Charlie Munger’s Daily Journal portfolio value increased from $225M to $259M this quarter. Since their first 13F filing in Q4 2013, there have only been two changes to the holdings: POSCO was reduced significantly in Q4 2014, and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those two changes, the portfolio has remained remarkably steady over the last seven years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q4 2021. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q3 2021 Update

•  Charlie Munger’s Daily Journal Portfolio has just five positions. 
• Alibaba Group Holdings stake was almost doubled this quarter. 
• The portfolio value increased to $225M this quarter. 

Charlie Munger’s Daily Journal portfolio value increased from ~$213M to $225M this quarter. Since their first 13F filing in Q4 2013, there have only been two changes to the holdings: POSCO was reduced significantly in Q4 2014 and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those two changes, the portfolio has remained remarkably steady over the last seven years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q3 2021. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q2 2021 Update

• Charlie Munger’s Daily Journal Portfolio has just five positions. 
• The portfolio has been largely untouched since their first 13F filing for Q4 2013. 
• The portfolio remained steady this quarter as well. 

 Charlie Munger’s Daily Journal portfolio value increased from ~$197M to ~$213M this quarter. Since their first 13F filing in Q4 2013, there have only been two changes to the holdings: POSCO was reduced significantly in Q4 2014 and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those two changes, the portfolio has remained remarkably steady over the last seven years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q2 2021. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q1 2021 Update

• Charlie Munger’s Daily Journal Portfolio has just five positions. 
• The portfolio has been largely untouched since their first 13F filing for Q4 2013. 
• The portfolio remained steady this quarter as well. 

Charlie Munger’s Daily Journal portfolio value remained steady at ~$197M this quarter. Since their first 13F filing in Q4 2013, there have only been two changes to the holdings: POSCO was reduced significantly in Q4 2014 and a large position was initiated in Alibaba Group Holdings in Q4 2020. After accounting for those two changes, the portfolio has remained remarkably steady over the last seven years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q1 2021. 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 .

 

 

Tracking Charlie Munger's Daily Journal Portfolio – Q4 2020 Update

• Charlie Munger’s Daily Journal Portfolio has just five positions. 
• The portfolio has been largely untouched since their first 13F filing for Q4 2013. 
• This quarter saw a ~19% stake built in Alibaba Group Holdings. 

 Charlie Munger’s Daily Journal portfolio value more than doubled this quarter from ~$98M to ~$197M. Since their first 13F filing in Q4 2013, there had only been one change to the holdings: POSCO was reduced significantly in Q4 2014. This quarter saw another change with a ~19% position initiated in Alibaba Group Holdings. After accounting for these two changes, the portfolio has remained remarkably steady over the last seven years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q4 2020. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q3 2020 Update

•  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 remained almost steady during the quarter. 

Charlie Munger’s Daily Journal portfolio value decreased this quarter from ~$100M to ~$98M. 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 has remained remarkably steady over the last six years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q3 2020. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q2 2020 Update

• 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 remained almost steady during the quarter. 

Charlie Munger’s Daily Journal portfolio value remained almost steady this quarter at ~$100M. 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 has remained remarkably steady over the last six years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

 

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

 

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q2 2020. 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 .

 

Tracking Charlie Munger's Daily Journal Portfolio – Q1 2020 Update

• 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 decreased ~43% during the quarter. 

Charlie Munger’s Daily Journal portfolio value decreased ~43% this quarter from ~$175M to ~$100M. 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 has remained remarkably steady over the last six years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q1 2020. 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 .

Tracking Charlie Munger's Daily Journal Portfolio – Q4 2019 Update

• 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 ~4% during the quarter. 

Charlie Munger’s Daily Journal portfolio value increased ~13% this quarter from ~$156M to ~$175M. 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 has remained remarkably steady over the last five years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

Below is a look at the holdings:

Wells Fargo (WFC): WFC stake forms ~49% of the entire portfolio. The stock was at $45.40 EOY 2013 during their first 13F filing and is now well below that at $28.34.

Bank of America (BAC): BAC is another large stake at ~46% of the portfolio. The stock was at $15.57 during their first 13F filing for EOY 2013 and is now at $23.25.

US Bancorp (USB): USB is a 4.73% of the portfolio position. The stock is at $35.54 compared to the EOY 2013 pricing of ~$40

POSCO (PKX): The minutely small 0.30% portfolio stake was sold down by ~85% in Q4 2014 at prices between $64 and $73. The stock is now at $35.70.

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q4 2019. 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 .

Tracking Charlie Munger's Daily Journal Portfolio – Q3 2019 Update

• 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 ~4% during the quarter. 

Charlie Munger’s Daily Journal portfolio value increased ~4% this quarter from ~$150M to ~$156M. 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 has remained remarkably steady over the last four years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) 2018 AGM Q&A: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

Below is a look at the holdings:

Wells Fargo (WFC): WFC stake forms ~52% of the entire portfolio. The stock was at $45.40 EOY 2013 during their first 13F filing and is now at $53.42.

Bank of America (BAC): BAC is another large stake at ~43% of the portfolio. The stock was at $15.57 during their first 13F filing for EOY 2013 and is now at $34.90.

US Bancorp (USB): USB is a 4.98% of the portfolio position. The stock is at $58.51, around 45% higher compared to the EOY 2013 pricing of ~$40

POSCO (PKX): The minutely small 0.30% portfolio stake was sold down by ~85% in Q4 2014 at prices between $64 and $73. The stock is now at $50.31.

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q3 2019. 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 .

Tracking Charlie Munger's Daily Journal Portfolio – Q2 2019 Update

• 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 marginally during the quarter. 

Charlie Munger’s Daily Journal portfolio value increased ~1.5% this quarter from $148M to ~$150M. 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 has remained remarkably steady over the last four years. To know more about Charlie Munger, check out the book Poor Charlie's Almanack: The Wit and Wisdom of Charles T. Munger.

Regarding the origins of this portfolio in 2009, Charlie Munger said the following during Daily Journal’s (DJCO) AGM Q&A last year: “In addition to Daily Journal's businesses, we have a great bundle of securities and want to dispel again that this is not some minor version of Berkshire. We have a bundle, because we bought them at a time when we preferred to own them to holding cash and had a lot of extra liquidity on hand that came to us by accident. The chances of more gains like what we have done in the last four or five years is zero. Oh, well we will have a big gain next quarter, because of a deferred tax reduction from the Trump tax code change, so we will look like a genius for one more quarter, I suppose.” The cost-basis of the positions acquired at the time was $63.4M.

Below is a look at the holdings:

Wells Fargo (WFC): WFC stake forms ~50% of the entire portfolio. The stock was at $45.40 EOY 2013 during their first 13F filing and is now at $49.30.

Bank of America (BAC): BAC is another large stake at ~45% of the portfolio. The stock was at $15.57 during their first 13F filing for EOY 2013 and is now at $30.77.

US Bancorp (USB): USB is a 4.89% of the portfolio position. The stock is at $57.38, around 40% higher compared to the EOY 2013 pricing of ~$40

POSCO (PKX): The minutely small 0.34% portfolio stake was sold down by ~85% in Q4 2014 at prices between $64 and $73. The stock is now at $48.68.

The spreadsheet below shows Charlie Munger's Daily Journal 13F stock holdings as of Q2 2019. 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 .