SCHEDULE: RWWM Entities Disclose 24.31% Stake in Daily Journal Corp
Beneficial Ownership Update
RWWM, Inc., along with affiliated individuals and entities, has filed an amended Schedule 13G, reporting a collective beneficial ownership of 24.31% of Daily Journal Corp's common stock.
Summary
- RWWM, Inc., Scott P. Roseman, and Aaron J. Wagner collectively beneficially own 334,902 shares of Daily Journal Corp common stock, representing 24.31% of the class.
- RWWM Inc. 401(k) Profit Sharing Plan holds 7,802 shares, accounting for 0.57% of the class, with shared voting power.
- Roseman Wagner Partners, L.P. beneficially owns 24,986 shares, representing 1.81% of the class, with sole voting and dispositive power.
- RWWM, Inc. acts as an investment adviser, holding sole dispositive power over the 334,902 shares.
- Scott P. Roseman and Aaron J. Wagner have shared dispositive power over the 334,902 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Daily Journal Corp.
Sentiment
Score: 5
Explanation: The filing is a factual disclosure of beneficial ownership and does not contain information that inherently indicates positive or negative sentiment regarding the company's performance or outlook.
Future Outlook
NA
Industry Context
This filing is a routine disclosure of significant beneficial ownership, common among investment firms and their principals holding substantial stakes in publicly traded companies. It reflects a passive investment position rather than an activist one, as stated in the certification.
Stakeholder Impact
- Shareholders: The disclosure of a significant, concentrated ownership stake by RWWM, Inc. and its affiliates provides transparency regarding the company's ownership structure. While stated as a passive investment, such a large holding can influence market perception of stability and long-term commitment.
Key Dates
| Date | Description |
|---|---|
| 06/30/2025 | Date of event which requires filing of this statement |
| 07/31/2025 | Signature date of the Schedule 13G Amendment No. 16 |
Keywords
beneficial ownership, Schedule 13G, Daily Journal Corp, common stock, RWWM Inc., investment adviser, institutional ownership, equity stake
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