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Daily Journal
DJCO

41 hedge funds and large institutions have $93.5M invested in Daily Journal in 2016 Q1 according to their latest regulatory filings, with 4 funds opening new positions, 9 increasing their positions, 12 reducing their positions, and 2 closing their positions.

New
Increased
Maintained
Reduced
Closed

200% more funds holding in top 10

Funds holding in top 10: 1 → 3 (+2)

100% more first-time investments, than exits

New positions opened: 4 | Existing positions closed: 2

5% more funds holding

Funds holding: 39 → 41 (+2)

2% less capital invested

Capital invested by funds: $95.7M → $93.5M (-$2.24M)

25% less repeat investments, than reductions

Existing positions increased: 9 | Existing positions reduced: 12

Holders
41
Holders Change
+2
Holders Change %
+5.13%
% of All Funds
1.09%
Holding in Top 10
3
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+200%
% of All Funds
0.08%
New
4
Increased
9
Reduced
12
Closed
2
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
SJL
Shayne & Jacobs LLC
Tennessee
+$1.49M
2
RI
RWWM Inc
California
+$823K
3
SG Americas Securities
SG Americas Securities
New York
+$164K
4
TRCT
Tower Research Capital (TRC)
New York
+$108K
5
Vanguard Group
Vanguard Group
Pennsylvania
+$104K

Top Sellers

Rank Fund Capital Flow
1
ACM
Ashford Capital Management
Delaware
-$1.4M
2
Neuberger Berman Group
Neuberger Berman Group
New York
-$202K
3
PGIM
Pacific Global Investment Management
California
-$116K
4
BNP Paribas Financial Markets
BNP Paribas Financial Markets
France
-$30.6K
5
BFA
BlackRock Fund Advisors
California
-$24K
Name Holding Trade Value Shares
Change 		Change in
Stake
RI
1
RWWM Inc
California
$49.3M +$823K +4,325 +2%
LC
2
Lourd Capital
California
$8.09M – – –
BFA
3
BlackRock Fund Advisors
California
$5.19M -$24K -126 -0.5%
Vanguard Group
4
Vanguard Group
Pennsylvania
$5.17M +$104K +546 +2%
ACM
5
Ashford Capital Management
Delaware
$3.66M -$1.4M -7,368 -28%
State Street
6
State Street
Massachusetts
$2.96M -$3.04K -16 -0.1%
SHGA
7
Sand Hill Global Advisors
California
$2.28M – – –
Northern Trust
8
Northern Trust
Illinois
$2.03M +$951 +5 +0%
BIT
9
BlackRock Institutional Trust
California
$2.02M -$20.7K -109 -1%
Royal Bank of Canada
10
Royal Bank of Canada
Ontario, Canada
$2.01M – – –
SJL
11
Shayne & Jacobs LLC
Tennessee
$1.53M +$1.49M +7,808 New
CCM
12
Covington Capital Management
California
$1.17M – – –
PGIM
13
Pacific Global Investment Management
California
$978K -$116K -610 -11%
I2I
14
Insight 2811 Inc
Illinois
$978K – – –
TCIM
15
TIAA CREF Investment Management
New York
$825K – – –
BIM
16
BlackRock Investment Management
Delaware
$822K -$10.5K -55 -1%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$507K – – –
California State Teachers Retirement System (CalSTRS)
18
California State Teachers Retirement System (CalSTRS)
California
$468K +$78K +410 +21%
EA
19
Elm Advisors
California
$415K -$14.3K -75 -3%
Charles Schwab
20
Charles Schwab
California
$392K – – –
RhumbLine Advisers
21
RhumbLine Advisers
Massachusetts
$340K +$24.3K +128 +8%
TA
22
Teachers Advisors
New York
$301K – – –
New York State Common Retirement Fund
23
New York State Common Retirement Fund
New York
$235K – – –
Dimensional Fund Advisors
24
Dimensional Fund Advisors
Texas
$222K – – –
UBS Group
25
UBS Group
Switzerland
$190K -$2.66K -14 -1%
1
2

DJCO Hedge Fund Activity: Q1 2016 in Review

41 of the 3,754 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q1 2016, worth a combined $93.5M — down 2.3% from $95.7M a quarter earlier.

Buyers outnumbered sellers: 4 funds opened new DJCO positions and 2 closed out — a net gain of 2 holders — while 9 added to existing stakes and 12 trimmed.

The largest buyer was Shayne & Jacobs LLC, opening a new position worth an estimated $1.49M. The largest seller was Ashford Capital Management, cutting an estimated $1.4M.

  • 41 institutional investors held Daily Journal (DJCO) as of Q1 2016, up from 39 in Q4 2015.
  • Funds reported $93.5M of Daily Journal stock for Q1 2016, down 2.3% quarter-over-quarter.
  • 4 funds opened new Daily Journal positions in Q1 2016 and 2 closed out, a net change of +2 holders.
  • The largest Daily Journal buyer in Q1 2016 was Shayne & Jacobs LLC, an estimated $1.49M added.
  • The largest Daily Journal seller in Q1 2016 was Ashford Capital Management, an estimated $1.4M sold.

Based on aggregated 13F filings for Q1 2016.