Berkshire Hathaway Vice Chairman Charlie Munger sold all shares of POSCO Holdings

Reporter Kim Jisun / approved : 2023-01-26 07:04:08
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This article is translated by AI company Flitto and Alhpa Biz neural machine translation technology
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[Alpha Biz=(Chicago) Reporter Kim Jisun] Berkshire Hathaway Vice Chairman Charlie Munger, dubbed Warren Buffett's right-hand man, sold all shares of POSCO Holdings, which he invested nine years ago.

According to the industry on the 25th, the Daily Journal, run by Vice Chairman Munger, sold all POSCO Holdings ADR through the release of its investment portfolio in the fourth quarter of last year. The Daily Journal bought 4,600 shares of POSCO Holdings ADR 6 alone for about $76 per share in the fourth quarter of 2013. Since then, 84.9% (54,900 shares) of the shares held in the fourth quarter of 2014 have been sold for about $69 per share. 

 

Since then, about 15% (9,750 shares) of the remaining shares have been disposed of for about $ 49 per share in the fourth quarter of last year. The amount is about 500 million won.

The Daily Journal is a newspaper and court software provider, and Munger has invested in stocks through the Daily Journal while serving as chairman. POSCO Holdings ADR accounts for about 0.5% of the total portfolio.

It is analyzed that Munger eventually lost money from investing in POSCO Holdings. The selling price is 9.2% and 35% lower than the purchase price, respectively.

Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)

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