Charlie Munger’s Life History & Stock Portfolio: 2 Biggest Positions

In this piece, we will take a look at Charlie Munger’s life history, his latest stock portfolio, and his biggest investment positions. If you want to learn more about Mr. Munger’s historic journey in the finance and investment industry, then take a look at Charlie Munger’s Life History & Stock Portfolio: 4 Biggest Positions.

2. Bank of America Corporation (NYSE:BAC)

Daily Journal’s Q3 2023 Investment: $62.9 million

Bank of America Corporation (NYSE:BAC), just like U.S. Bancorp, is another classic Warren Buffet and Munger stock pick. It is a much more sizeable bank than U.S. Bancorp, which is a regional institution. Estimates suggest that Bank of America Corporation (NYSE:BAC) is the second biggest bank in the U.S., which naturally lends it the right kind of stability for an investment portfolio geared for returns through long term price appreciation and sizeable dividends. To understand its scale, consider the fact that as of October 2023, Bank of America Corporation (NYSE:BAC) operates 15,000 automated teller machines across the U.S. with a footprint of 3,900 locations.

The Daily Journal has owned Bank of America Corporation (NYSE:BAC)’s shares since 2015’s fourth quarter, and back then, it owned 2.3 million shares that were worth $38.7 million. Mr. Munger’s faith in the stock is evident as since then, his firm has continued to own 2.3 million Bank of America Corporation (NYSE:BAC) shares to date.

During this year’s third quarter, 88 out of the 910 hedge funds profiled by Insider Monkey had also held a stake in Bank of America Corporation (NYSE:BAC). Out of these, its biggest hedge fund shareholder was Warren Buffett’s Berkshire Hathaway through a $28.2 billion stake.