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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
RI
1
RWWM Inc
California
$43.9M +$1.47M +9,925 +5%
LC
2
Lourd Capital
California
$7.93M – – –
ACM
3
Ashford Capital Management
Delaware
$5.01M – – –
BFA
4
BlackRock Fund Advisors
California
$4.42M -$160K -1,077 -4%
Vanguard Group
5
Vanguard Group
Pennsylvania
$3.38M +$24.8K +167 +0.9%
State Street
6
State Street
Massachusetts
$2.33M +$14.9K +100 +0.8%
SHGA
7
Sand Hill Global Advisors
California
$2.23M – – –
Northern Trust
8
Northern Trust
Illinois
$2.13M -$127K -856 -7%
CNB
9
City National Bank
California
$1.92M -$371K -2,500 -20%
BIT
10
BlackRock Institutional Trust
California
$1.67M -$71.1K -479 -5%
PGIM
11
Pacific Global Investment Management
California
$1.17M +$21.5K +145 +2%
CCM
12
Covington Capital Management
California
$1.15M – – –
I2I
13
Insight 2811 Inc
Illinois
$959K – – –
TCIM
14
TIAA CREF Investment Management
New York
$702K – – –
BIM
15
BlackRock Investment Management
Delaware
$572K -$16.2K -109 -4%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$529K +$15.9K +107 +4%
EA
17
Elm Advisors
California
$441K +$342K +2,300 New
California State Teachers Retirement System (CalSTRS)
18
California State Teachers Retirement System (CalSTRS)
California
$313K – – –
MAA
19
Mraz Amerine & Associates
California
$307K – – –
BCC
20
Biglari Capital Corp
Texas
$253K +$196K +1,319 New
CSIC
21
Clifford Swan Investment Counsel
California
$249K +$193K +1,300 New
Charles Schwab
22
Charles Schwab
California
$241K +$193K +1,300 New
RhumbLine Advisers
23
RhumbLine Advisers
Massachusetts
$231K +$185K +1,249 New
TA
24
Teachers Advisors
New York
$182K +$5.35K +36 +4%
Ameriprise
25
Ameriprise
Minnesota
$155K -$8.46K -57 -7%
1
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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.