Daily Journal

Q1 2021 13F · by Charlie Munger, portfolio manager

As of: Mar 31, 2021
Filed: Apr 5, 2021
US stock: $197M · prev $125M
Positions: 5 · prev 4
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves1 since the prior filing

+19.0 pp in · 0.0 pp out

New 1 +19.02 pp
Added 0 0.00 pp
Trimmed 0 0.00 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 3 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions100% of US stock

BAC Bank of America Corporation held held45.1%
WFC Wells Fargo & Co. held held31.6%
BABA Alibaba Group Holding Limited new+19.02 pp new+19.0219.0%
USB U.S. Bancorp held held3.9%
PKX POSCO Holdings Inc. held held0.4%

Positions5 in this filing · 0 exited


BACBank of America Corporation	45.15%	2,300,000	$89M	held	—	18 q
WFCWells Fargo & Co.	31.55%	1,591,800	$62M	held	—	30 q
BABAAlibaba Group Holding Limited	19.02%	165,320	$37M	new	+19.02 pp	new
USBU.S. Bancorp	3.93%	140,000	$8M	held	—	30 q
PKXPOSCO Holdings Inc.	0.36%	9,745	$704,000	held	—	30 q

Source

Form: 13F-HR
Reading: 1 defect · 0 unresolved
Accession: 0001437749-21-008249
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

The filing disagrees with its own cover page — cover page declares 0 entries; 5 parsed, value total matches