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Daily Journal
DJCO

42 hedge funds and large institutions have $114M invested in Daily Journal in 2017 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 8 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

88% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 8

8% more capital invested

Capital invested by funds: $105M → $114M (+$8.83M)

0.29% more ownership

Funds ownership: 37.43% → 37.72% (+0.29%)

0% more funds holding in top 10

Funds holding in top 10: 2 → 2 (0)

5% less funds holding

Funds holding: 44 → 42 (-2)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
42
Holders Change
-2
Holders Change %
-4.55%
% of All Funds
1.05%
Holding in Top 10
2
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.05%
New
2
Increased
15
Reduced
8
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Bank of America
Bank of America
North Carolina
+$1.9M
2
BlackRock
BlackRock
New York
+$224K
3
CS
Credit Suisse
Switzerland
+$212K
4
Dimensional Fund Advisors
Dimensional Fund Advisors
Texas
+$205K
5
Wells Fargo
Wells Fargo
California
+$127K

Top Sellers

Rank Fund Capital Flow
1
RI
RWWM Inc
California
-$1.81M
2
Deutsche Bank
Deutsche Bank
Germany
-$79.9K
3
Creative Planning
Creative Planning
Kansas
-$61K
4
State Street
State Street
Massachusetts
-$59.2K
5
Bank of New York Mellon
Bank of New York Mellon
New York
-$58.6K
Name Holding Trade Value Shares
Change 		Change in
Stake
RI
1
RWWM Inc
California
$54.1M -$1.81M -8,580 -3%
BlackRock
2
BlackRock
New York
$12M +$224K +1,064 +2%
LC
3
Lourd Capital
California
$9.04M – – –
Vanguard Group
4
Vanguard Group
Pennsylvania
$8.64M +$87K +413 +1%
State Street
5
State Street
Massachusetts
$4.02M -$59.2K -281 -2%
ACM
6
Ashford Capital Management
Delaware
$3.25M – – –
Northern Trust
7
Northern Trust
Illinois
$2.75M +$5.48K +26 +0.2%
Royal Bank of Canada
8
Royal Bank of Canada
Ontario, Canada
$2.29M +$33.3K +158 +2%
Bank of America
9
Bank of America
North Carolina
$1.97M +$1.9M +9,011 +64,364%
SHGA
10
Sand Hill Global Advisors
California
$1.84M – – –
Geode Capital Management
11
Geode Capital Management
Massachusetts
$1.76M +$31K +147 +2%
CCM
12
Covington Capital Management
California
$1.31M – – –
CG
13
Caprock Group
Idaho
$1.22M – – –
PGIM
14
Pacific Global Investment Management
California
$1.08M +$45.5K +216 +5%
SJL
15
Shayne & Jacobs LLC
Tennessee
$853K – – –
Dimensional Fund Advisors
16
Dimensional Fund Advisors
Texas
$841K +$205K +975 +34%
Bank of New York Mellon
17
Bank of New York Mellon
New York
$826K -$58.6K -278 -7%
TCIM
18
TIAA CREF Investment Management
New York
$707K +$9.27K +44 +1%
Morgan Stanley
19
Morgan Stanley
New York
$498K +$109K +515 +29%
Wells Fargo
20
Wells Fargo
California
$496K +$127K +604 +36%
EA
21
Elm Advisors
California
$463K – – –
Charles Schwab
22
Charles Schwab
California
$438K – – –
TA
23
Teachers Advisors
New York
$398K – – –
California State Teachers Retirement System (CalSTRS)
24
California State Teachers Retirement System (CalSTRS)
California
$392K -$42.1K -200 -10%
Renaissance Technologies
25
Renaissance Technologies
New York
$350K – – –
1
2

DJCO Hedge Fund Activity: Q3 2017 in Review

42 of the 4,012 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q3 2017, worth a combined $114M — up 8.4% from $105M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of DJCO and 2 opened new positions — a net loss of 2 holders — while 8 trimmed existing stakes and 15 added.

The largest buyer was Bank of America, adding an estimated $1.9M. The largest seller was RWWM Inc, cutting an estimated $1.81M.

  • 42 institutional investors held Daily Journal (DJCO) as of Q3 2017, down from 44 in Q2 2017.
  • Funds reported $114M of Daily Journal stock for Q3 2017, up 8.4% quarter-over-quarter.
  • 2 funds opened new Daily Journal positions in Q3 2017 and 4 closed out, a net change of -2 holders.
  • The largest Daily Journal buyer in Q3 2017 was Bank of America, an estimated $1.9M added.
  • The largest Daily Journal seller in Q3 2017 was RWWM Inc, an estimated $1.81M sold.

Based on aggregated 13F filings for Q3 2017.