Daily Journal

Q4 2021 13F · by Charlie Munger, portfolio manager

As of: Dec 31, 2021
Filed: Jan 4, 2022
US stock: $259M · prev $225M
Positions: 5 · prev 5
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

+7.8 pp in · 0.0 pp out

New 0 0.00 pp
Added 1 +7.79 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 held39.6%
WFC Wells Fargo & Co. held held29.5%
BABA Alibaba Group Holding Limited added+7.79 pp added+7.7927.6%
USB U.S. Bancorp held held3.0%
PKX POSCO Holdings Inc. held held0.2%

Positions5 in this filing · 0 exited


BACBank of America Corporation	39.56%	2,300,000	$102M	held	—	21 q
WFCWells Fargo & Co.	29.53%	1,591,800	$76M	held	—	33 q
BABAAlibaba Group Holding Limited	27.65%	602,060	$72M	added+99%	+7.79 pp	4 q
USBU.S. Bancorp	3.04%	140,000	$8M	held	—	33 q
PKXPOSCO Holdings Inc.	0.22%	9,745	$568,000	held	—	33 q

Source

Form: 13F-HR
Reading: 1 defect · 0 unresolved
Accession: 0001437749-22-000255
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