Charlie Munger runs Daily Journal Corp. Only 4 stocks. Enough said. Every position is a deep conviction call. As of the Q2 2026 13F filing, the disclosed long-equity portfolio is valued at $257M across 4 positions. The largest holdings are Wells Fargo & Co, Bank of America Corp, and Alibaba Group Holding Ltd (Wells Fargo & Co alone is 45.5% of the book).

Charlie Munger runs Daily Journal Corp. Only 4 stocks. Enough said. Every position is a deep conviction call. As of the Q2 2026 13F filing, the disclosed long-equity portfolio is valued at $257M across 4 positions. The largest holdings are Wells Fargo & Co, Bank of America Corp, and Alibaba Group Holding Ltd (Wells Fargo & Co alone is 45.5% of the book).