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Daily Journal
DJCO

39 hedge funds and large institutions have $75.9M invested in Daily Journal in 2014 Q1 according to their latest regulatory filings, with 1 funds opening new positions, 12 increasing their positions, 10 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

20% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 10

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

3% less funds holding

Funds holding: 40 → 39 (-1)

9% less capital invested

Capital invested by funds: $83.3M → $75.9M (-$7.44M)

50% less first-time investments, than exits

New positions opened: 1 | Existing positions closed: 2

Holders
39
Holders Change
-1
Holders Change %
-2.5%
% of All Funds
1.13%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.06%
New
1
Increased
12
Reduced
10
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RI
RWWM Inc
California
+$745K
2
Vanguard Group
Vanguard Group
Pennsylvania
+$84.4K
3
U
UBS
Switzerland
+$81.9K
4
TRCT
Tower Research Capital (TRC)
New York
+$77.2K
5
Deutsche Bank
Deutsche Bank
Germany
+$50.1K

Top Sellers

Rank Fund Capital Flow
1
Northern Trust
Northern Trust
Illinois
-$298K
2
California Public Employees Retirement System
California Public Employees Retirement System
California
-$100K
3
Citigroup
Citigroup
New York
-$45.4K
4
PCM
Prelude Capital Management
New York
-$38K
5
BFA
BlackRock Fund Advisors
California
-$26.1K
Name Holding Trade Value Shares
Change 		Change in
Stake
RI
1
RWWM Inc
California
$40.3M +$745K +4,460 +2%
LC
2
Lourd Capital
California
$7.15M – – –
ACM
3
Ashford Capital Management
Delaware
$4.52M – – –
BFA
4
BlackRock Fund Advisors
California
$3.96M -$26.1K -156 -0.7%
Vanguard Group
5
Vanguard Group
Pennsylvania
$3.25M +$84.4K +505 +3%
State Street
6
State Street
Massachusetts
$2.16M -$16.9K -101 -0.8%
SHGA
7
Sand Hill Global Advisors
California
$2.01M – – –
CNB
8
City National Bank
California
$1.73M – – –
Northern Trust
9
Northern Trust
Illinois
$1.61M -$298K -1,783 -16%
BIT
10
BlackRock Institutional Trust
California
$1.5M -$10K -60 -0.7%
PGIM
11
Pacific Global Investment Management
California
$1.05M -$5.68K -34 -0.6%
CCM
12
Covington Capital Management
California
$1.04M – – –
I2I
13
Insight 2811 Inc
Illinois
$865K – – –
TCIM
14
TIAA CREF Investment Management
New York
$657K – – –
BIM
15
BlackRock Investment Management
Delaware
$523K +$7.52K +45 +2%
Bank of New York Mellon
16
Bank of New York Mellon
New York
$451K -$25.1K -150 -5%
EA
17
Elm Advisors
California
$387K -$10K -60 -3%
California State Teachers Retirement System (CalSTRS)
18
California State Teachers Retirement System (CalSTRS)
California
$293K – – –
MAA
19
Mraz Amerine & Associates
California
$266K -$10K -60 -4%
BCC
20
Biglari Capital Corp
Texas
$228K – – –
Charles Schwab
21
Charles Schwab
California
$225K – – –
CSIC
22
Clifford Swan Investment Counsel
California
$225K – – –
RhumbLine Advisers
23
RhumbLine Advisers
Massachusetts
$207K -$8.35K -50 -4%
TA
24
Teachers Advisors
New York
$170K – – –
Ameriprise
25
Ameriprise
Minnesota
$140K +$167 +1 +0.1%
1
2

DJCO Hedge Fund Activity: Q1 2014 in Review

39 of the 3,464 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q1 2014, worth a combined $75.9M — down 8.9% from $83.3M a quarter earlier.

Sellers outnumbered buyers: 2 funds closed out of DJCO and 1 opened new positions — a net loss of 1 holder — while 10 trimmed existing stakes and 12 added.

The largest buyer was RWWM Inc, adding an estimated $745K. The largest seller was Northern Trust, cutting an estimated $298K.

  • 39 institutional investors held Daily Journal (DJCO) as of Q1 2014, down from 40 in Q4 2013.
  • Funds reported $75.9M of Daily Journal stock for Q1 2014, down 8.9% quarter-over-quarter.
  • 1 fund opened new Daily Journal positions in Q1 2014 and 2 closed out, a net change of -1 holder.
  • The largest Daily Journal buyer in Q1 2014 was RWWM Inc, an estimated $745K added.
  • The largest Daily Journal seller in Q1 2014 was Northern Trust, an estimated $298K sold.

Based on aggregated 13F filings for Q1 2014.