On Tuesday local time in the USA, Charlie Munger's Daily Journal submitted the form 13f for the fourth quarter of last year, showing a purchase of 0.3 million shares of Alibaba's US stocks, increasing the total hold positions to 0.602 million shares. The number of shares held doubled.
Data platform Whale Wisdom shows that the total holding value of Daily Journal by the end of the reporting period was $0.258 billion. In the fourth quarter of 2021, the only transaction made by this company was buying 0.3 million shares of Alibaba, increasing the total hold positions to 0.602 million shares. Based on the closing price of $121.16 for US stocks on the morning of January 6, 2022 Beijing time, it is approximately valued at $72.938 million.
In the first quarter of 2021, Daily Journal Corp initiated a new position in Alibaba, with a holding of 165,320 shares by the end of March, valued at approximately $37.5 million at the then share price.
In addition, the company also holds shares of Wells Fargo & Co, Bank of America, POSCO, and U.S. Bancorp, with these investments remaining unchanged since the end of 2020. Currently, Alibaba's weight has increased to 27.65%, second only to Bank of America's 39.56% and Wells Fargo's 29.53%.
As Buffett's partner, Munger is well-versed in value investment theory. The fact that Daily Journal Corp has maintained its holdings of companies like Wells Fargo & Co and Bank of America unchanged since 2020 shows that Munger and Buffett do not easily sell their investments, and when they do, they hold them for a considerable amount of time...