Charlie Munger Legacy
Q2 2026 13F: 4 holdings worth about $256.7M; that quarter 0 new, 0 added, 0 trimmed, 0 sold out.
13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.
Why This Giant Is Included
- Rule numbers (Q2 2026): 4 holdings, top 10 = 100%, stocks $0.3B, options 0%; all four rules met
- Source for the value approach: Poor Charlie’s Almanack, Talk Two: A Lesson on Elementary, Worldly Wisdom as It Relates to Investment Management and Business (Stripe Press (Poor Charlie’s Almanack by Charles T. Munger), 1994-04-14): “We’ve really made the money out of high-quality businesses.” (checked 2026-10-11)
Trades in Q2 2026
Sorted by position shift: how many percentage points of the portfolio the trade moved.
How to Read This
Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.
No trades that quarter.
All Holdings (4 Companies)
Share classes of one company are combined; click a heading to re-sort.
How to Read This
Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.
| Company | Weight (prev.) | Value | This quarter | Quarter-end price | vs cost |
|---|---|---|---|---|---|
| WFCWells Fargo & Co | 45.5%46.7% | $116.8M | Held | $82.64 | +82% |
| BACBank of America Corp | 44.4%40.5% | $114.0M | Held | $56.98 | +266% |
| BABAAlibaba Group Holding Ltd | 7.3%10.2% | $18.7M | Held | $95.98 | −44% |
| USBUS Bancorp | 2.8%2.6% | $7.2M | Held | $60.40 | +50% |
Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost
How to Read This
Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.
Over Time
From Q4 2013, 51 quarters (this giant’s electronic 13F filings).
13F Value
Holdings
Top-10 Concentration
Turnover (Est.)
Sector Mix
Quarter by Quarter, with the Original Filings
* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.
Show 51 Quarters
| Quarter | Holdings | 13F value | SEC |
|---|---|---|---|
| Q2 2026 | 4 | $256.7M | 13F-HR |
| Q1 2026 | 4 | $240.7M | 13F-HR |
| Q4 2025 | 4 | $276.7M | 13F-HR |
| Q3 2025 | 4 | $262.2M | 13F-HR 13F-HR/A |
| Q2 2025 | 4 | $235.4M | 13F-HR |
| Q1 2025 | 4 | $215.7M | 13F-HR |
| Q4 2024 | 4 | $209.4M | 13F-HR |
| Q3 2024 | 4 | $185.3M | 13F-HR |
| Q2 2024 | 4 | $182.2M | 13F-HR |
| Q1 2024 | 4 | $177.2M | 13F-HR |
| Q4 2023 | 4 | $185.1M | 13F-HR |
| Q3 2023 | 4 | $158.7M | 13F-HR |
| Q2 2023 | 4 | $163.6M | 13F-HR |
| Q1 2023 | 4 | $161.0M | 13F-HR |
| Q4 2022 | 4 | $174.4M | 13F-HR |
| Q3 2022 | 5 | $163.5M | 13F-HR |
| Q2 2022 | 5 | $174.9M | 13F-HR |
| Q1 2022 | 5 | $212.6M | 13F-HR |
| Q4 2021 | 5 | $258.7M | 13F-HR |
| Q3 2021 | 5 | $225.2M | 13F-HR |
| Q2 2021 | 5 | $213.1M | 13F-HR |
| Q1 2021 | 5 | $197.1M | 13F-HR |
| Q4 2020 | 4 | $124.9M | 13F-HR |
| Q3 2020 | 4 | $98.3M | 13F-HR |
| Q2 2020 | 4 | $100.9M | 13F-HR |
| Q1 2020 | 4 | $99.7M | 13F-HR |
| Q4 2019 | 4 | $175.4M | 13F-HR |
| Q3 2019 | 4 | $155.6M | 13F-HR |
| Q2 2019 | 4 | $149.9M | 13F-HR 13F-HR/A |
| Q1 2019 | 4 | $147.7M | 13F-HR |
| Q4 2018 | 4 | $137.0M | 13F-HR |
| Q3 2018 | 4 | $159.5M | 13F-HR |
| Q2 2018 | 4 | $160.8M | 13F-HR |
| Q1 2018 | 4 | $160.2M | 13F-HR |
| Q4 2017 | 4 | $172.7M | 13F-HR |
| Q3 2017 | 4 | $154.2M | 13F-HR |
| Q2 2017 | 4 | $151.9M | 13F-HR |
| Q1 2017 | 4 | $150.7M | 13F-HR |
| Q4 2016 | 4 | $146.3M | 13F-HR |
| Q3 2016 | 4 | $113.0M | 13F-HR |
| Q2 2016 | 4 | $111.9M | 13F-HR |
| Q1 2016 | 4 | $114.2M | 13F-HR |
| Q4 2015 | 4 | $131.6M | 13F-HR |
| Q3 2015 | 4 | $123.7M | 13F-HR |
| Q2 2015 * | 4 | $135.2M | 13F-HR |
| Q1 2015 * | 4 | $128.6M | 13F-HR |
| Q4 2014 * | 4 | $135.3M | 13F-HR |
| Q3 2014 * | 4 | $132.5M | 13F-HR |
| Q2 2014 * | 4 | $129.9M | 13F-HR |
| Q1 2014 * | 4 | $129.2M | 13F-HR |
| Q4 2013 * | 4 | $118.8M | 13F-HR |
Large Positions Sold Out
Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.
How to Read This
Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.
| Company | Held | Peak weight | Company since |
|---|---|---|---|
| PKXPosco Holdings Inc | Q4 2013 – Q4 2022 | 4% | Still filing with the SEC |