Financial Associated Press (Shanghai, editor Shi Zhengcheng) news, local time on Tuesday, local time, Charlie Munger's publishing group Daily Journal submitted a 13F form to the US SEC for the fourth quarter of last year, and the news of increasing holdings also triggered intraday changes in Chinese stock Alibaba.
According to WhaleWisdom data, the Daily Journal's overall holding value as of the end of the reporting period was $258 million. In the last three months of last year, the company's only operation was to buy 300,000 shares of Alibaba, raising the total number of positions to 602,000 shares. The remaining five companies held by the company are Bank of America, Wells Fargo, United Bank of America and POSCO ADR.
(Source: WhaleWisdom)
It is worth mentioning that the Daily Journal's current round of alibaba construction began in the first quarter of 2021. According to estimates, the average cost of holding this Chinese star stock is about $155, and the current floating loss is about 20%.
Affected by the increase in positions of well-known investors, Ali's stock price has risen, from a 3% decline to nearly a red market.
