Charlie Munger — Daily Journal Corp
Charlie Munger's standalone equity portfolio. He chaired DJCO from 1977 until his retirement in March 2022 and personally ran its securities portfolio — the cleanest record of his picks outside Berkshire. Concentrated by design: typically 4-8 positions, dominated by US banks (Wells Fargo, Bank of America, US Bancorp) and Alibaba/BYD-style China/Asia bets. Quarter-end snapshots, ~45-day filing lag.
Note: Wesco Financial(Munger's other chairmanship, 1973-2011) never filed standalone 13F-HRs — its positions were rolled into Berkshire's 13F via Blue Chip Stamps. Pre-2013 DJCO 13F-NT filings exist on EDGAR but contain no position data. So the position series here begins Q4 2013.
New Initiated (0)
None this quarter
Sold Out (0)
None this quarter
Major Buys / Sells(> 3% of AUM) (0)
No single-position change exceeded 3% of AUM
Position Historylast 50 quarters (2013-12-31 → 2026-03-31)
| Price | Cost basis | Share Trend | |||||
|---|---|---|---|---|---|---|---|
Wells Fargo & Co | — | — | $112.5M | — | 46.74% | 0.0% | |
Bank of America Corp | — | $52.4M | $97.5M | — | 40.51% | 0.0% | |
Alibaba Group Holding Ltd | — | $33.3M | $24.5M | — | 10.17% | 0.0% | |
US Bancorp | — | — | $6.2M | — | 2.58% | 0.0% | |
Bank of
America Corp | — | — | — | — | — | EXITED | |
Posco ADR | — | — | — | — | — | EXITED |
All 13F Filings
52 parsed filings (Q4 2013 → present). DJCO files quarterly like any other 13F filer despite its small size — 4-8 positions per quarter, dominated by US banks.
| Report Period | Holdings | Value ($000) | Form | Date Filed | Filer |
|---|---|---|---|---|---|
| 2026-03-31 | 4 | 240,669 | 13F-HR | 2026-04-15 | DAILY JOURNAL CORP |
| 2025-12-31 | 4 | 276,651 | 13F-HR | 2026-01-13 | DAILY JOURNAL CORP |
| 2025-09-30 | 4 | 262,245 | 13F-HR/A | 2025-10-14 | DAILY JOURNAL CORP |
| 2025-09-30 | 4 | 262,245 | 13F-HR | 2025-10-08 | DAILY JOURNAL CORP |
| 2025-06-30 | 4 | 235,372 | 13F-HR | 2025-07-09 | DAILY JOURNAL CORP |
| 2025-03-31 | 4 | 215,729 | 13F-HR | 2025-04-15 | DAILY JOURNAL CORP |
| 2024-12-31 | 4 | 209,399 | 13F-HR | 2025-02-18 | DAILY JOURNAL CORP |
| 2024-09-30 | 4 | 185,339 | 13F-HR | 2024-10-11 | DAILY JOURNAL CORP |
| 2024-06-30 | 4 | 182,242 | 13F-HR | 2024-10-02 | DAILY JOURNAL CORP |
| 2024-03-31 | 4 | 177,189 | 13F-HR | 2024-04-04 | DAILY JOURNAL CORP |
| 2023-12-31 | 4 | 185,102 | 13F-HR | 2024-01-17 | DAILY JOURNAL CORP |
| 2023-09-30 | 4 | 158,665 | 13F-HR | 2023-10-11 | DAILY JOURNAL CORP |
| 2023-06-30 | 4 | 163,556 | 13F-HR | 2023-07-06 | DAILY JOURNAL CORP |
| 2023-03-31 | 4 | 160,982 | 13F-HR | 2023-04-04 | DAILY JOURNAL CORP |
| 2022-12-31 | 4 | 174 | 13F-HR | 2023-01-05 | DAILY JOURNAL CORP |
| 2022-09-30 | 5 | 163,481 | 13F-HR | 2022-10-05 | DAILY JOURNAL CORP |
| 2022-06-30 | 5 | 174,930 | 13F-HR | 2022-07-08 | DAILY JOURNAL CORP |
| 2022-03-31 | 5 | 212,603 | 13F-HR | 2022-04-11 | DAILY JOURNAL CORP |
| 2021-12-31 | 5 | 258,652 | 13F-HR | 2022-01-04 | DAILY JOURNAL CORP |
| 2021-09-30 | 5 | 225,224 | 13F-HR | 2021-10-05 | DAILY JOURNAL CORP |
| 2021-06-30 | 5 | 213,137 | 13F-HR | 2021-07-23 | DAILY JOURNAL CORP |
| 2021-03-31 | 5 | 197,109 | 13F-HR | 2021-04-05 | DAILY JOURNAL CORP |
| 2020-12-31 | 4 | 124,883 | 13F-HR | 2021-01-11 | DAILY JOURNAL CORP |
| 2020-09-30 | 4 | 98,257 | 13F-HR | 2020-10-07 | DAILY JOURNAL CORP |
| 2020-06-30 | 4 | 100,891 | 13F-HR | 2020-07-02 | DAILY JOURNAL CORP |
| 2020-03-31 | 4 | 99,655 | 13F-HR | 2020-04-20 | DAILY JOURNAL CORP |
| 2019-12-31 | 4 | 175,439 | 13F-HR | 2020-01-03 | DAILY JOURNAL CORP |
| 2019-09-30 | 4 | 155,589 | 13F-HR | 2019-10-07 | DAILY JOURNAL CORP |
| 2019-06-30 | 4 | 149,877 | 13F-HR/A | 2019-07-08 | DAILY JOURNAL CORP |
| 2019-06-30 | 4 | 149,877 | 13F-HR | 2019-07-05 | DAILY JOURNAL CORP |
| 2019-03-31 | 4 | 147,657 | 13F-HR | 2019-04-08 | DAILY JOURNAL CORP |
| 2018-12-31 | 4 | 136,956 | 13F-HR | 2019-01-08 | DAILY JOURNAL CORP |
| 2018-09-30 | 4 | 159,459 | 13F-HR | 2018-10-09 | DAILY JOURNAL CORP |
| 2018-06-30 | 4 | 160,811 | 13F-HR | 2018-07-05 | DAILY JOURNAL CORP |
| 2018-03-31 | 4 | 160,242 | 13F-HR | 2018-04-13 | DAILY JOURNAL CORP |
| 2017-12-31 | 4 | 172,733 | 13F-HR | 2018-01-10 | DAILY JOURNAL CORP |
| 2017-09-30 | 4 | 154,249 | 13F-HR | 2017-11-08 | DAILY JOURNAL CORP |
| 2017-06-30 | 4 | 151,878 | 13F-HR | 2017-07-14 | DAILY JOURNAL CORP |
| 2017-03-31 | 4 | 150,695 | 13F-HR | 2017-04-12 | DAILY JOURNAL CORP |
| 2016-12-31 | 4 | 146,258 | 13F-HR | 2017-02-01 | DAILY JOURNAL CORP |
| 2016-09-30 | 4 | 112,983 | 13F-HR | 2016-11-07 | DAILY JOURNAL CORP |
| 2016-06-30 | 4 | 111,941 | 13F-HR | 2016-08-09 | DAILY JOURNAL CORP |
| 2016-03-31 | 4 | 114,219 | 13F-HR | 2016-05-10 | DAILY JOURNAL CORP |
| 2015-12-31 | 4 | 131,558 | 13F-HR | 2016-02-10 | DAILY JOURNAL CORP |
| 2015-09-30 | 4 | 123,655 | 13F-HR | 2015-11-12 | DAILY JOURNAL CORP |
| 2015-06-30 | 4 | 135,222 | 13F-HR | 2015-08-07 | DAILY JOURNAL CORP |
| 2015-03-31 | 4 | 128,638 | 13F-HR | 2015-05-08 | DAILY JOURNAL CORP |
| 2014-12-31 | 4 | 135,324 | 13F-HR | 2015-02-09 | DAILY JOURNAL CORP |
| 2014-09-30 | 4 | 132,541,006 | 13F-HR | 2014-11-07 | DAILY JOURNAL CORP |
| 2014-06-30 | 4 | 129,889,632 | 13F-HR | 2014-08-11 | DAILY JOURNAL CORP |
| 2014-03-31 | 4 | 129,220,418 | 13F-HR | 2014-05-12 | DAILY JOURNAL CORP |
| 2013-12-31 | 4 | 118,773,520 | 13F-HR | 2014-02-11 | DAILY JOURNAL CORP |