Daily Journal
DJCO
52 hedge funds and large institutions have $128M invested in Daily Journal in 2020 Q3 according to their latest regulatory filings, with 3 funds opening new positions, 8 increasing their positions, 25 reducing their positions, and 7 closing their positions.
1.37% less ownership
Funds ownership: 39.71% → 38.34% (-1.4%)
9% less funds holding
Funds holding: 57 → 52 (-5)
14% less capital invested
Capital invested by funds: $148M → $128M (-$20.2M)
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
57% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 7
68% less repeat investments, than reductions
Existing positions increased: 8 | Existing positions reduced: 25
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
+$354K |
| 2 |
WT
Whittier Trust
South Pasadena,
California
|
+$302K |
| 3 |
HF
HRT Financial
New York
|
+$256K |
| 4 |
TRCT
Tower Research Capital (TRC)
New York
|
+$253K |
| 5 |
RI
RWWM Inc
Rocklin,
California
|
+$103K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Vanguard Group
Malvern,
Pennsylvania
|
-$2.25M |
| 2 |
Bessemer Group
Woodbridge,
New Jersey
|
-$567K |
| 3 |
MAM
Martingale Asset Management
Boston,
Massachusetts
|
-$522K |
| 4 |
Northern Trust
Chicago,
Illinois
|
-$364K |
| 5 |
SG Americas Securities
New York
|
-$246K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
51
Millennium Management
New York
| $312 | +$354K | +1,289 | New |
|
|
52
Bessemer Group
Woodbridge,
New Jersey
| – | -$567K | -2,100 | Closed |
|
|
53
SG Americas Securities
New York
| – | -$246K | -911 | Closed |
|
54
Ameriprise
Minneapolis,
Minnesota
| – | -$217K | -805 | Closed |
|
55
Squarepoint
New York
| – | -$217K | -802 | Closed |
|
56
Lazard Asset Management
New York
| – | -$18K | -68 | Closed |
|
|
DWA
57
Dorsey Wright & Associates
Pasadena,
California
| – | -$11K | -40 | Closed |
|
|
PCM
58
Prelude Capital Management
New York
| – | -$6K | -21 | Closed |
|
DJCO Hedge Fund Activity: Q3 2020 in Review
52 of the 4,957 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q3 2020, worth a combined $128M — down 14% from $148M a quarter earlier.
Sellers outnumbered buyers: 7 funds closed out of DJCO and 3 opened new positions — a net loss of 4 holders — while 25 trimmed existing stakes and 8 added.
The largest buyer was Millennium Management, opening a new position worth an estimated $354K. The largest seller was Vanguard Group, cutting an estimated $2.25M.
- 52 institutional investors held Daily Journal (DJCO) as of Q3 2020, down from 57 in Q2 2020.
- Funds reported $128M of Daily Journal stock for Q3 2020, down 14% quarter-over-quarter.
- 3 funds opened new Daily Journal positions in Q3 2020 and 7 closed out, a net change of -4 holders.
- The largest Daily Journal buyer in Q3 2020 was Millennium Management, an estimated $354K added.
- The largest Daily Journal seller in Q3 2020 was Vanguard Group, an estimated $2.25M sold.
Based on aggregated 13F filings for Q3 2020.