Daily Journal
DJCO
61 hedge funds and large institutions have $174M invested in Daily Journal in 2021 Q1 according to their latest regulatory filings, with 7 funds opening new positions, 16 increasing their positions, 22 reducing their positions, and 4 closing their positions.
75% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 4
5% more funds holding
Funds holding: 58 → 61 (+3)
1.18% more ownership
Funds ownership: 38.82% → 40% (+1.2%)
19% less capital invested
Capital invested by funds: $216M → $174M (-$41.7M)
27% less repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 22
50% less funds holding in top 10
Funds holding in top 10: 2 → 1 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GIC
GFI Investment Counsel
Toronto,
Ontario, Canada
|
+$5.29M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$1.05M |
| 3 |
BAM
Belpointe Asset Management
Reno,
Nevada
|
+$907K |
| 4 |
Russell Investments Group
London,
United Kingdom
|
+$821K |
| 5 |
Two Sigma Investments
New York
|
+$648K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RI
RWWM Inc
Rocklin,
California
|
-$1.16M |
| 2 |
Wells Fargo
San Francisco,
California
|
-$575K |
| 3 |
Morgan Stanley
New York
|
-$571K |
| 4 |
SHGA
Sand Hill Global Advisors
Palo Alto,
California
|
-$571K |
| 5 |
HSBC Holdings
London,
United Kingdom
|
-$411K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
51
BNP Paribas Financial Markets
Paris,
France
| $74K | -$15.9K | -47 | -17% |
|
52
Osaic Holdings
Scottsdale,
Arizona
| $48K | +$50.8K | +150 | New |
|
|
SPIA
53
Steward Partners Investment Advisory
New York
| $46.5K | +$46.4K | +137 | +1,370% |
|
54
Legal & General Group
London,
United Kingdom
| $40K | -$1.69K | -5 | -4% |
|
|
AIP
55
Ameritas Investment Partners
Lincoln,
Nebraska
| $28K | – | – | – |
|
56
Citigroup
New York
| $26K | -$50.2K | -148 | -64% |
|
57
Rockefeller Capital Management
New York
| $15K | – | – | – |
|
58
Bank of Montreal
Toronto,
Ontario, Canada
| $11K | -$47.1K | -139 | -79% |
|
|
TFA
59
Toth Financial Advisory
Leesburg,
Virginia
| $2K | +$1.69K | +5 | New |
|
|
AIG
60
American International Group
New York
| $223 | +$15.6K | +46 | +7% |
|
|
SHGA
61
Sand Hill Global Advisors
Palo Alto,
California
| – | -$571K | -1,413 | Closed |
|
62
Millennium Management
New York
| – | -$314K | -776 | Closed |
|
|
PGIM
63
Pacific Global Investment Management
Glendale,
California
| – | -$246K | -610 | Closed |
|
64
VOYA Investment Management
Atlanta,
Georgia
| – | -$209K | -518 | Closed |
|
DJCO Hedge Fund Activity: Q1 2021 in Review
61 of the 5,696 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q1 2021, worth a combined $174M — down 19% from $216M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new DJCO positions and 4 closed out — a net gain of 3 holders — while 16 added to existing stakes and 22 trimmed.
The largest buyer was GFI Investment Counsel, opening a new position worth an estimated $5.29M. The largest seller was RWWM Inc, cutting an estimated $1.16M.
- 61 institutional investors held Daily Journal (DJCO) as of Q1 2021, up from 58 in Q4 2020.
- Funds reported $174M of Daily Journal stock for Q1 2021, down 19% quarter-over-quarter.
- 7 funds opened new Daily Journal positions in Q1 2021 and 4 closed out, a net change of +3 holders.
- The largest Daily Journal buyer in Q1 2021 was GFI Investment Counsel, an estimated $5.29M added.
- The largest Daily Journal seller in Q1 2021 was RWWM Inc, an estimated $1.16M sold.
Based on aggregated 13F filings for Q1 2021.