Charlie Munger: Daily Journal Group will leave investments unchanged in the third quarter of 2023

Charlie Munger: Daily Journal Group will leave investments unchanged in the third quarter of 2023

According to a report by www.finanzen.net, Berkshire Hathaway Vice Chairman Charlie Munger made no changes to his holdings portfolio in the third quarter of 2023. He is leaving his investments in some top stocks unchanged, a trend that has already become a tradition. The focus is on bank stocks, while only one China stock is represented in the portfolio.

Munger and his company, Daily Journal Corporation, hold holdings worth approximately $159 million, down slightly from the previous quarter. The impact of this decision could affect the market and the industries affected.

Munger's holdings are listed as follows:

• U.S. Bancorp-Aktie, 140.000 Anteile im Wert von 4,628 Millionen US-Dollar
• Alibaba-Aktie, 300.000 Anteile im Wert von 26,022 Millionen US-Dollar
• Bank of America-Aktie, 2,300,000 Anteile im Wert von 62,974 Millionen US-Dollar
• Wells Fargo-Aktie, 1,591,800 Aktien im Wert von 65,040 Millionen US-Dollar

These stable investments could indicate that Munger has confidence in the banking sector, particularly U.S. financial institutions like U.S. Bancorp, Bank of America and Wells Fargo. The decision not to make any changes despite the general market fluctuations shows the company's strong confidence in the long-term stability of these stocks.

However, Munger is also watching the Chinese market, as a significant investment in Alibaba suggests he is also keeping an eye on growth potential in Asia.

These stable investments could increase investor confidence in the banking sector and stabilize the share prices of these companies. At the same time, the investment in Alibaba suggests that Munger is also keeping an eye on the potential of technology companies outside the US.