Managers / Q4 2018 · view latest →
DAILY JOURNAL CORP
CIK 0000783412 · 915 EAST FIRST STREET, LOS ANGELES, CA, 90012 · 2132295300
Summary
Daily Journal Corp reported $137M in U.S.-listed holdings across 4 positions for Q4 2018.
The portfolio is heavily concentrated: WFC alone accounts for 53.6% of reported value.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 99.6% · $136M
- ADR · 0.4% · $536,000
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| WFCWells Fargo & Co | NEW | +1.59M | 1.59M | +$73M | $73M |
| BACBank of America Corp | NEW | +2.30M | 2.30M | +$57M | $57M |
| USBUS Bancorp | NEW | +140.0K | 140.0K | +$6M | $6M |
| PKXPosco ADR | NEW | +9.7K | 9.7K | +$536,000 | $536,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2018
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | WFCWells Fargo & Cohistory → | Common Stock | 53.56% | $73M | 1.59M |
| 2 | BACBank of America Corphistory → | Common Stock | 41.38% | $57M | 2.30M |
| 3 | USBUS Bancorphistory → | Common Stock | 4.67% | $6M | 140.0K |
| 4 | PKXPosco ADR | Sponsored ADR | 0.39% | $536,000 | 9.7K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $241M | 4 | Apr 15, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $277M | 4 | Jan 13, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $262M | 4 | Oct 14, 2025 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2025 | $235M | 4 | Jul 9, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $216M | 4 | Apr 15, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $209M | 4 | Feb 18, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $185M | 4 | Oct 11, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $177M | 4 | Apr 4, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | $185M | 4 | Jan 17, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $159M | 4 | Oct 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $164M | 4 | Jul 6, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | Under review | 4 | Apr 4, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | Under review | 4 | Jan 5, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $163M | 5 | Oct 5, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $175M | 5 | Jul 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $213M | 5 | Apr 11, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $259M | 5 | Jan 4, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $225M | 5 | Oct 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $213M | 5 | Jul 23, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $197M | 5 | Apr 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $125M | 4 | Jan 11, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $98M | 4 | Oct 7, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $101M | 4 | Jul 2, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $100M | 4 | Apr 20, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $175M | 4 | Jan 3, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $156M | 4 | Oct 7, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $150M | 4 | Jul 8, 2019 | RESTATEMENT | changes · EDGAR ↗ |
| Q1 2019 | $148M | 4 | Apr 8, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $137M | 4 | Jan 8, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.