Charlie Munger Portfolio
Charlie Munger was a long-time business-partner of Warren Buffett and vice-chairman of Berkshire Hathaway. Also, Munger until recently was chairman of Daily Journal Corp. (ticker symbol DJCO). Charles Munger also served as a director in Costco. Charlie Munger passed away on November 28th. He was 99 years old. His net worth is estimated to be around $2.7 billion. Munger lived in California, Pasadena.
Charlie Munger will be missed by a community of investors throughout the world. Charlie made a lasting impact on business, charity and values of multitude of people. Shareholders in companies he managed and influenced enjoyed market-beating returns for many decades.
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Charlie Munger’s personal portfolio included:
- 167050 Costco shares
- 4370 Berkshire Hathaway class A shares
- 643 Berkshire Hathaway class B shares
- 50000 Daily Journal Corp. shares
Daily Journal Corp. business is based on publication and managing all sorts of legal information for courts, attorneys, etc. Charlie Munger managed Daily Journal investment portfolio with current market value of around $160 million.
Daily Journal Corporation Stock Holdings as of 30 September, 2023 (reported to SEC on 11 October, 2023)
| Company | Value ($) | Number of shares |
| Bank of America Corp | 62,974,000 | 2,300,000 |
| Wells Fargo & Co | 65,041,000 | 1,591,800 |
| Alibaba Group Holding Ltd | 26,022,000 | 300,000 |
| US Bancorp | 4,628,000 | 140,000 |
Charlie Munger and Alibaba Stock
During last year Charlie Munger was actively purchasing Alibaba shares for Daily Journal Corporation portfolio. Last purchase was made in the last quarter of 2021. Munger defended this investment in interviews and was not worried with steep price decline of BABA stock. However, at the beginning of the year in the SEC filing it was shown that investments in Alibaba were cut in half – 302060 shares were sold in the first quarter of 2022. Charlie Munger declined to comment about this decision.
In the third quarter of 2023 Charles Munger didn’t sell or buy any new positions for Daily Journal’s portfolio.
Source: SEC report