Jonathan Stempel

(Reuters) – Daily Journal Corp. Charlie Munger, Warren Buffett’s business partner, oversees investments at the company. He was previously chairman. Alibaba Group Holding Ltd.

According to a regulatory filing by the Los Angeles-based firm, it claimed that 300,000.00 of Alibaba’s American Depositary Shares (“ADS”) were its ownership as of March 31. This is down from the 602,060 shares held at the close of 2021.

This reduction reversed Daily Journal’s trading activity during the fourth quarter of last year, which saw its Alibaba stake almost double in size.

Alibaba’s ADS prices have fallen by 15%, 68% and 12% respectively from October 2020.

Daily Journal has not responded to my request for comment. This company produces newspapers as well as software for courthouses.

Munger (98) was the chairman of Daily Journal for 45 years, before being resigned last month.

Daily Journal reported that he will remain as a director, and will focus his attention on the matters he worked on including its securities portfolio. Munger’s work at Berkshire is where he was vice chair since 1978. He also helps Buffett, now 91 years old, allocate capital.

Munger, a long-time China bull, spearheaded Berkshire’s roughly 7% stake at electric car manufacturer BYD Co (OTC):

Munger, at the February Annual Meeting of Daily Journal, lamented recent tensions between China and America.

He said, “They should love us” and that they should be like him.

Bank of America Corp (NYSE) is where most of Daily Journal’s other securities portfolio is located. This is a large Berkshire investment and also a key part of Daily Journal. Wells Fargo (NYSE:) & Co.