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Daily Journal
DJCO

46 hedge funds and large institutions have $115M invested in Daily Journal in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 15 increasing their positions, 11 reducing their positions, and 4 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 1 → 2 (+1)

36% more repeat investments, than reductions

Existing positions increased: 15 | Existing positions reduced: 11

0.28% less ownership

Funds ownership: 39.35% → 39.07% (-0.28%)

4% less funds holding

Funds holding: 48 → 46 (-2)

9% less capital invested

Capital invested by funds: $127M → $115M (-$11.6M)

50% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 4

Holders
46
Holders Change
-2
Holders Change %
-4.17%
% of All Funds
1%
Holding in Top 10
2
Holding in Top 10 Change
+1
Holding in Top 10 Change %
+100%
% of All Funds
0.04%
New
2
Increased
15
Reduced
11
Closed
4
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
RI
RWWM Inc
California
+$2.28M
2
Citadel Advisors
Citadel Advisors
Florida
+$259K
3
SG Americas Securities
SG Americas Securities
New York
+$116K
4
Vanguard Group
Vanguard Group
Pennsylvania
+$105K
5
Barclays
Barclays
United Kingdom
+$90.9K

Top Sellers

Rank Fund Capital Flow
1
ACM
Ashford Capital Management
Delaware
-$2.44M
2
BlackRock
BlackRock
New York
-$732K
3
Morgan Stanley
Morgan Stanley
New York
-$233K
4
MAA
Mraz Amerine & Associates
California
-$208K
5
California Public Employees Retirement System
California Public Employees Retirement System
California
-$202K
Name Holding Trade Value Shares
Change 		Change in
Stake
RI
1
RWWM Inc
California
$58M +$2.28M +10,306 +4%
BlackRock
2
BlackRock
New York
$12.3M -$732K -3,302 -5%
Vanguard Group
3
Vanguard Group
Pennsylvania
$9.33M +$105K +474 +1%
LC
4
Lourd Capital
California
$8.85M – – –
State Street
5
State Street
Massachusetts
$4M +$80K +361 +2%
Northern Trust
6
Northern Trust
Illinois
$2.84M -$5.54K -25 -0.2%
Royal Bank of Canada
7
Royal Bank of Canada
Ontario, Canada
$2.21M +$9.09K +41 +0.4%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$2.19M +$57.4K +259 +3%
Bank of America
9
Bank of America
North Carolina
$1.77M -$100K -451 -5%
CCM
10
Covington Capital Management
California
$1.28M – – –
CG
11
Caprock Group
Idaho
$1.2M – – –
Dimensional Fund Advisors
12
Dimensional Fund Advisors
Texas
$1.1M – – –
PGIM
13
Pacific Global Investment Management
California
$1.01M -$42.6K -192 -4%
Wells Fargo
14
Wells Fargo
California
$981K +$3.55K +16 +0.4%
Bank of New York Mellon
15
Bank of New York Mellon
New York
$843K +$12.6K +57 +1%
SJL
16
Shayne & Jacobs LLC
Tennessee
$836K – – –
SHGA
17
Sand Hill Global Advisors
California
$688K – – –
Charles Schwab
18
Charles Schwab
California
$559K -$28.8K -130 -5%
TCIM
19
TIAA CREF Investment Management
New York
$491K – – –
EA
20
Elm Advisors
California
$454K – – –
Morgan Stanley
21
Morgan Stanley
New York
$443K -$233K -1,051 -34%
TA
22
Teachers Advisors
New York
$387K – – –
California State Teachers Retirement System (CalSTRS)
23
California State Teachers Retirement System (CalSTRS)
California
$367K – – –
RhumbLine Advisers
24
RhumbLine Advisers
Massachusetts
$353K -$1.55K -7 -0.4%
New York State Common Retirement Fund
25
New York State Common Retirement Fund
New York
$321K – – –
1
2

DJCO Hedge Fund Activity: Q1 2019 in Review

46 of the 4,621 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q1 2019, worth a combined $115M — down 9.1% from $127M a quarter earlier.

Sellers outnumbered buyers: 4 funds closed out of DJCO and 2 opened new positions — a net loss of 2 holders — while 11 trimmed existing stakes and 15 added.

The largest buyer was RWWM Inc, adding an estimated $2.28M. The largest seller was Ashford Capital Management, exiting entirely with an estimated $2.44M sold.

  • 46 institutional investors held Daily Journal (DJCO) as of Q1 2019, down from 48 in Q4 2018.
  • Funds reported $115M of Daily Journal stock for Q1 2019, down 9.1% quarter-over-quarter.
  • 2 funds opened new Daily Journal positions in Q1 2019 and 4 closed out, a net change of -2 holders.
  • The largest Daily Journal buyer in Q1 2019 was RWWM Inc, an estimated $2.28M added.
  • The largest Daily Journal seller in Q1 2019 was Ashford Capital Management, an estimated $2.44M sold.

Based on aggregated 13F filings for Q1 2019.