Daily Journal
DJCO
46 hedge funds and large institutions have $116M invested in Daily Journal in 2019 Q1 according to their latest regulatory filings, with 2 funds opening new positions, 16 increasing their positions, 11 reducing their positions, and 4 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
45% more repeat investments, than reductions
Existing positions increased: 16 | Existing positions reduced: 11
0.19% less ownership
Funds ownership: 39.35% → 39.16% (-0.19%)
4% less funds holding
Funds holding: 48 → 46 (-2)
9% less capital invested
Capital invested by funds: $127M → $116M (-$11.4M)
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
RI
RWWM Inc
Rocklin,
California
|
+$2.28M |
| 2 |
MIM
MetLife Investment Management
Whippany,
New Jersey
|
+$265K |
| 3 |
Citadel Advisors
Miami,
Florida
|
+$259K |
| 4 |
SG Americas Securities
New York
|
+$116K |
| 5 |
Vanguard Group
Malvern,
Pennsylvania
|
+$105K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
ACM
Ashford Capital Management
Wilmington,
Delaware
|
-$2.44M |
| 2 |
BlackRock
New York
|
-$732K |
| 3 |
Morgan Stanley
New York
|
-$233K |
| 4 |
MAA
Mraz Amerine & Associates
Modesto,
California
|
-$208K |
| 5 |
California Public Employees Retirement System
Sacramento,
California
|
-$202K |
DJCO Hedge Fund Activity: Q1 2019 in Review
46 of the 4,633 institutional investors tracked by Wall St. Rank reported a position in Daily Journal (DJCO) for Q1 2019, worth a combined $116M — down 8.9% 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 16 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 $116M of Daily Journal stock for Q1 2019, down 8.9% 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.