About the Fund
Charlie Munger was the vice chairman of Berkshire Hathaway and chairman of the board of Daily Journal Corporation, where he also managed the company’s investment portfolio. Under his leadership, since 2009 the portfolio grew from zero to more than $300 million, despite DJCO originally being a publishing company. Munger believed that excessive diversification hinders high returns. He preferred to make large bets on a limited number of companies he had strong conviction in. Many positions in the Daily Journal portfolio remained unchanged for more than a decade, reflecting his patience and confidence in his investments. After Charlie Munger’s death in November 2023, Steven Myhill-Jones became chairman and CEO of Daily Journal Corporation. He previously served as CEO of WebMap Solutions and has experience in technology and management.
Portfolio Holdings
Period:
Holding | Ticker | Sector | Portfolio Weight (%) | Change | Return (mln) | Value (mln) |
|---|---|---|---|---|---|---|
Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only |
Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only |
Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only | Data is available to registered users only |
Portfolio Weight
Return (mln)
Change
Value (mln)
Portfolio Weight
Return (mln)
Change
Value (mln)
Portfolio Weight
Return (mln)
Change
Value (mln)
Sector Allocation for Q1 2026
- -Data is available to registered users onlyData is available to registered users only
- -Data is available to registered users onlyData is available to registered users only
- -Data is available to registered users onlyData is available to registered users only
About the Fund
Charlie Munger was the vice chairman of Berkshire Hathaway and chairman of the board of Daily Journal Corporation, where he also managed the company’s investment portfolio. Under his leadership, since 2009 the portfolio grew from zero to more than $300 million, despite DJCO originally being a publishing company. Munger believed that excessive diversification hinders high returns. He preferred to make large bets on a limited number of companies he had strong conviction in. Many positions in the Daily Journal portfolio remained unchanged for more than a decade, reflecting his patience and confidence in his investments. After Charlie Munger’s death in November 2023, Steven Myhill-Jones became chairman and CEO of Daily Journal Corporation. He previously served as CEO of WebMap Solutions and has experience in technology and management.
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