Alibaba, BofA And More: Charlie Munger's Top Holdings At The End Of Q4

Zinger Key Points
  • Charlie Munger is considered an astute investor by the investment community and his holdings evince keen interest.
  • His firm liquidated out of South Korean steel maker Posco in the fourth quarter.
Alibaba, BofA And More: Charlie Munger's Top Holdings At The End Of Q4

Billionaire investor and Warren Buffett’s trusted lieutenant Charlie Munger-run Daily Journal has filed its quarterly 13F, disclosing its investment holdings at the end of the fourth quarter.

What Happened: Bank of America Corp. BAC continued to be Daily Journal’s top holding. The firm maintained its BofA position unchanged at 2.3 million.

The value increased from $69.46 million at the end of the third quarter to $76.18 million. BofA’s shares ended the fourth quarter at $33.12, up from $30.02 at the end of the third quarter.

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Munger’s firm also maintained its status quo with its other two bank holdings. It held 1.592 million shares of Wells Fargo & Co. WFC, valued at $65.73 million, at the end of the fourth quarter.

The firm’s holding of US Bancorp. USB was at 140,000, valued at $6.11 million.

Daily Journal maintained its stake in Chinese e-commerce giant Alibaba Group Holding Ltd. BABA at 300,000, although its value increased from $24 million to $26.43 million. In the first quarter of 2022, the firm halved its Alibaba stake from 602,0606 to 300,000 shares and has been holding it unchanged since then.

Alibaba shares bottomed at $58.01 in late October before staging a recovery, helped by bargain hunting amid a solid third-quarter report and hopes of China reopening following the strict COVID-19 lockdowns. On Wednesday, the stock jumped 12.98% to $103.92, according to Benzinga Pro data.

Daily Journal, meanwhile, liquidated its entire holdings, numbering 9,745 shares, in South Korean steel giant Posco Holdings Inc. PKX.



Posted In: Long IdeasNewsTrading Ideas13FCharlie MungerChinaCovid-19Warren Buffett