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Daily Journal
DJCO

46 hedge funds and large institutions have $115M invested in Daily Journal in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

36% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 11

0.28% less ownership

Funds ownership: 39.35% → 39.07% (-0.28%)

4% less funds holding

Funds holding: 48 → 46 (-2)

9% less capital invested

Capital invested by funds: $127M → $115M (-$11.6M)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
46
Holders Change
-2
Holders Change %
-4.17%
% of All Funds
1%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
2
Increased
15
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RI
RWWM Inc
California
+$2.28M
2
Citadel Advisors
Citadel Advisors
Florida
+$259K
3
SG Americas Securities
SG Americas Securities
New York
+$116K
4
Vanguard Group
Vanguard Group
Pennsylvania
+$105K
5
Barclays
Barclays
United Kingdom
+$90.9K

Top Sellers

Rank Fund Capital Flow
1
ACM
Ashford Capital Management
Delaware
-$2.44M
2
BlackRock
BlackRock
New York
-$732K
3
Morgan Stanley
Morgan Stanley
New York
-$233K
4
MAA
Mraz Amerine & Associates
California
-$208K
5
California Public Employees Retirement System
California Public Employees Retirement System
California
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
Renaissance Technologies
26
Renaissance Technologies
New York
$321K – – –
Deutsche Bank
27
Deutsche Bank
Germany
$299K -$20.8K -94 -6%
T. Rowe Price Associates
28
T. Rowe Price Associates
Maryland
$256K +$68.9K +311 +35%
Citadel Advisors
29
Citadel Advisors
Florida
$250K +$259K +1,169 New
MA
30
Mutual Advisors
Nebraska
$243K +$8.87K +40 +4%
AllianceBernstein
31
AllianceBernstein
Tennessee
$236K +$44.3K +200 +22%
Neuberger Berman Group
32
Neuberger Berman Group
New York
$214K – – –
AIG
33
American International Group
New York
$153K -$5.32K -24 -3%
MIM
34
MetLife Investment Management
New Jersey
$128K – – –
SG Americas Securities
35
SG Americas Securities
New York
$112K +$116K +522 New
Barclays
36
Barclays
United Kingdom
$95K +$90.9K +410 +1,281%
MLICM
37
Metropolitan Life Insurance Company (MetLife)
New York
$90.1K – – –
Citigroup
38
Citigroup
New York
$62K +$887 +4 +1%
JP Morgan Chase
39
JP Morgan Chase
New York
$58K -$16.6K -75 -22%
BNP Paribas Financial Markets
40
BNP Paribas Financial Markets
France
$52.2K +$36.3K +164 +205%
Legal & General Group
41
Legal & General Group
United Kingdom
$43K +$7.98K +36 +22%
TRCT
42
Tower Research Capital (TRC)
New York
$24K +$12.6K +57 +106%
AIP
43
Ameritas Investment Partners
Nebraska
$19K – – –
UBS Group
44
UBS Group
Switzerland
$13K -$161K -726 -92%
TCOV
45
Trust Company of Vermont
Vermont
$4K – – –
ACM
46
Ashford Capital Management
Delaware
– -$2.44M -10,411 Closed
MAA
47
Mraz Amerine & Associates
California
– -$208K -889 Closed
California Public Employees Retirement System
48
California Public Employees Retirement System
California
– -$202K -862 Closed
Bank of Montreal
49
Bank of Montreal
Ontario, Canada
– -$4K -17 Closed
1
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DJCO Hedge Fund Activity: Q1 2019 in Review

46 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q1 2019, worth a combined $115M — down 9.1% from $127M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of DJCO and 2 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 15 added.

The largest buyer was RWWM Inc, adding an estimated $2.28M. The largest seller was Ashford Capital Management, exiting entirely with an estimated $2.44M sold.

  • 46 institutional investors held Daily Journal (DJCO) as of Q1 2019, down from 48 in Q4 2018.
  • Funds reported $115M of Daily Journal stock for Q1 2019, down 9.1% quarter-over-quarter.
  • 2 funds opened new Daily Journal positions in Q1 2019 and 4 closed out, a net change of -2 holders.
  • The largest Daily Journal buyer in Q1 2019 was RWWM Inc, an estimated $2.28M added.
  • The largest Daily Journal seller in Q1 2019 was Ashford Capital Management, an estimated $2.44M sold.

Based on aggregated 13F filings for Q1 2019.