13F-HR: Daily Journal Corp's Q2 2024 13F Filing: Portfolio Concentrated in Four Stocks
13F Filing
Daily Journal Corp's latest 13F filing reveals a portfolio valued at approximately $182.2 million, concentrated in Alibaba, Bank of America, US Bancorp, and Wells Fargo as of June 30, 2024.
Summary
- Daily Journal Corp filed its Form 13F for the quarter ended June 30, 2024.
- The filing reports total portfolio value of $182,242,220.
- The portfolio consists of four holdings: Alibaba Group Holding Ltd, Bank of America Corp, US Bancorp, and Wells Fargo & Co.
- The largest holding is Wells Fargo & Co, valued at $83,918,070, representing 1,413,000 shares.
- Bank of America Corp is the second largest holding, valued at $79,540,000, representing 2,000,000 shares.
- Alibaba Group Holding Ltd is valued at $14,040,000, representing 195,000 shares.
- US Bancorp is valued at $4,744,150, representing 119,500 shares.
- All holdings are reported with sole voting authority.
Sentiment
Score: 5
Explanation: The sentiment is neutral as the document is a standard regulatory filing reporting holdings.
Positives
- The filing provides transparency into Daily Journal Corp's investment holdings.
Risks
- The portfolio's concentration in a small number of stocks exposes it to company-specific risks.
- Fluctuations in the market value of these four stocks will significantly impact the overall portfolio value.
Industry Context
13F filings are required for institutional investment managers with at least $100 million in assets under management, providing insights into their investment strategies and holdings.
Comparison to Industry Standards
- Comparing Daily Journal Corp's portfolio concentration to other investment firms reveals its unique investment strategy.
- Many firms diversify across a larger number of holdings to mitigate risk, while Daily Journal Corp maintains a highly concentrated portfolio.
- Berkshire Hathaway is another example of a company with a concentrated portfolio, often focusing on a few key investments.
Stakeholder Impact
- Shareholders can use this information to understand Daily Journal Corp's investment strategy.
- The filing provides transparency to the market regarding the company's holdings.
Key Dates
| Date | Description |
|---|---|
| 06-30-2024 | Report for the Calendar Year or Quarter Ended |
| 10-02-2024 | Date of Signing |
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