Daily Journal
DJCO
57 hedge funds and large institutions have $148M invested in Daily Journal in 2020 Q2 according to their latest regulatory filings, with 6 funds opening new positions, 18 increasing their positions, 17 reducing their positions, and 1 closing their positions.
500% more first-time investments, than exits
New positions opened: 6 | Existing positions closed: 1
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
17% more capital invested
Capital invested by funds: $127M → $148M (+$21.2M)
10% more funds holding
Funds holding: 52 → 57 (+5)
6% more repeat investments, than reductions
Existing positions increased: 18 | Existing positions reduced: 17
0.53% less ownership
Funds ownership: 40.24% → 39.71% (-0.53%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
+$931K |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$680K |
| 3 |
Bessemer Group
Woodbridge,
New Jersey
|
+$558K |
| 4 |
California Public Employees Retirement System
Sacramento,
California
|
+$239K |
| 5 |
Ameriprise
Minneapolis,
Minnesota
|
+$214K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$2.6M |
| 2 |
RI
RWWM Inc
Rocklin,
California
|
-$1.07M |
| 3 |
BlackRock
New York
|
-$712K |
| 4 |
AIM
Alambic Investment Management
Belvedere,
California
|
-$437K |
| 5 |
JP Morgan Chase
New York
|
-$266K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BNP Paribas Financial Markets
Paris,
France
| $37.3K | -$69.1K | -260 | -65% |
|
52
Bank of Montreal
Toronto,
Ontario, Canada
| $25K | +$24.5K | +92 | New |
|
|
AIP
53
Ameritas Investment Partners
Lincoln,
Nebraska
| $24K | – | – | – |
|
54
Lazard Asset Management
New York
| $18K | +$18.1K | +68 | New |
|
|
DWA
55
Dorsey Wright & Associates
Pasadena,
California
| $11K | – | – | – |
|
|
PCM
56
Prelude Capital Management
New York
| $6K | -$31.9K | -120 | -85% |
|
|
AIM
57
Alambic Investment Management
Belvedere,
California
| – | -$437K | -1,916 | Closed |
|
DJCO Hedge Fund Activity: Q2 2020 in Review
57 of the 4,878 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q2 2020, worth a combined $148M — up 17% from $127M a quarter earlier.
Buyers outnumbered sellers: 6 funds opened new DJCO positions and 1 closed out — a net gain of 5 holders — while 18 added to existing stakes and 17 trimmed.
The largest buyer was Martingale Asset Management, opening a new position worth an estimated $931K. The largest seller was Royal Bank of Canada, cutting an estimated $2.6M.
- 57 institutional investors held Daily Journal (DJCO) as of Q2 2020, up from 52 in Q1 2020.
- Funds reported $148M of Daily Journal stock for Q2 2020, up 17% quarter-over-quarter.
- 6 funds opened new Daily Journal positions in Q2 2020 and 1 closed out, a net change of +5 holders.
- The largest Daily Journal buyer in Q2 2020 was Martingale Asset Management, an estimated $931K added.
- The largest Daily Journal seller in Q2 2020 was Royal Bank of Canada, an estimated $2.6M sold.
Based on aggregated 13F filings for Q2 2020.