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Daily Journal
DJCO

40 hedge funds and large institutions have $83.3M invested in Daily Journal in 2013 Q4 according to their latest regulatory filings, with 9 funds opening new positions, 9 increasing their positions, 11 reducing their positions, and 5 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

80% more first-time investments, than exits

New positions opened: 9 | Existing positions closed: 5

31% more capital invested

Capital invested by funds: $63.6M → $83.3M (+$19.7M)

11% more funds holding

Funds holding: 36 → 40 (+4)

18% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 11

Holders
40
Holders Change
+4
Holders Change %
+11.11%
% of All Funds
1.16%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.06%
New
9
Increased
9
Reduced
11
Closed
5
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RI
RWWM Inc
California
+$1.47M
2
BCC
Biglari Capital Corp
Texas
+$196K
3
Charles Schwab
Charles Schwab
California
+$193K
4
CSIC
Clifford Swan Investment Counsel
California
+$193K
5
RhumbLine Advisers
RhumbLine Advisers
Massachusetts
+$185K

Top Sellers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
-$1.16M
2
CNB
City National Bank
California
-$371K
3
Axa
Axa
France
-$193K
4
BFA
BlackRock Fund Advisors
California
-$160K
5
Deutsche Bank
Deutsche Bank
Germany
-$129K
Name Holding Trade Value Shares
Change 		Change in
Stake
Morgan Stanley
26
Morgan Stanley
New York
$142K -$1.16M -7,820 -91%
NFA
27
Nationwide Fund Advisors
Ohio
$128K -$3.56K -24 -3%
AIG
28
American International Group
New York
$112K -$891 -6 -1%
Dimensional Fund Advisors
29
Dimensional Fund Advisors
Texas
$111K – – –
California Public Employees Retirement System
30
California Public Employees Retirement System
California
$100K – – –
Citigroup
31
Citigroup
New York
$96K +$52.7K +355 +211%
BA
32
BlackRock Advisors
Delaware
$82K +$1.63K +11 +3%
Creative Planning
33
Creative Planning
Kansas
$58K +$44.6K +300 New
Royal Bank of Canada
34
Royal Bank of Canada
Ontario, Canada
$48K -$6.24K -42 -14%
Deutsche Bank
35
Deutsche Bank
Germany
$38K -$129K -869 -81%
PCM
36
Prelude Capital Management
New York
$38K – – –
BNP Paribas Financial Markets
37
BNP Paribas Financial Markets
France
$13.7K +$11K +74 New
TRCT
38
Tower Research Capital (TRC)
New York
$9K +$6.83K +46 New
Barclays
39
Barclays
United Kingdom
$4K +$446 +3 +17%
U
40
UBS
Switzerland
$1K +$743 +5 New
Axa
41
Axa
France
– -$193K -1,312 Closed
RFC
42
Russell Frank Company
Washington
– -$39K -264 Closed
PNC Financial Services Group
43
PNC Financial Services Group
Pennsylvania
– -$13K -89 Closed
Bank of America
44
Bank of America
North Carolina
– -$6K -38 Closed
Bank of Montreal
45
Bank of Montreal
Ontario, Canada
– -$1K -7 Closed
1
2

DJCO Hedge Fund Activity: Q4 2013 in Review

40 of the 3,447 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q4 2013, worth a combined $83.3M — up 31% from $63.6M a quarter earlier.

Buyers outnumbered sellers: 9 funds opened new DJCO positions and 5 closed out — a net gain of 4 holders — while 9 added to existing stakes and 11 trimmed.

The largest buyer was RWWM Inc, adding an estimated $1.47M. The largest seller was Morgan Stanley, cutting an estimated $1.16M.

  • 40 institutional investors held Daily Journal (DJCO) as of Q4 2013, up from 36 in Q3 2013.
  • Funds reported $83.3M of Daily Journal stock for Q4 2013, up 31% quarter-over-quarter.
  • 9 funds opened new Daily Journal positions in Q4 2013 and 5 closed out, a net change of +4 holders.
  • The largest Daily Journal buyer in Q4 2013 was RWWM Inc, an estimated $1.47M added.
  • The largest Daily Journal seller in Q4 2013 was Morgan Stanley, an estimated $1.16M sold.

Based on aggregated 13F filings for Q4 2013.