Charlie Munger’s equity investment portfolio at Daily Journal Corporation (NASDAQ:DJCO) was unchanged with a market value of more than $129.22 million for the first of 2014, according to a 13F filed by the company with the SEC.

Munger who is also Warren Buffett’s partner and vice chairman of Berkshire Hathaway Inc. (NYSE:BRK.A) (NYSE:BRK.B) serves as chairman of Daily Journal Corporation (NASDAQ:DJCO), a legal publishing company based in Los Angeles, California. The Daily Journal specializes in public notice advertising, publication of state-mandated notices of death, fictitious business names and trustee sale notices.

Charlie Munger Equity portfolio

According to the 13F, Munger’s equity portfolio at Daily Journal Corporation (NASDAQ:DJCO) is comprised of Wells Fargo & Co. (NYSE:WFC) 1,591, 800 shares; Bank of America Corp. (NYSE:BAC) 2,300,000 shares, U.S. Bancorp (NYSE:USB) 140,000 shares, and POSCO (ADR) (NYSE:PKX) 64,600 shares.

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Daily Journal stock price

Since then, the stock prices of the companies where he made investments gained. The stock price of value of Daily Journal Corporation (NASDAQ:DJCO) also increased significantly.

Over the past 52-week range, the stock price of the legal publishing company surged from $104.56 to its highest level of $194.87 per share. The stock surged more than 285% over the past five years since May 2009. The stock closed at $172 per share today.

Source:Yahoo! Finance Charlie Munger
Source:Yahoo! Finance

Last year, the board of directors of Daily Journal Corporation (NASDAQ:DJCO) said that investing into stocks was the safe move for the company during the financial crisis.

“The board recognized that this decision would be contrary to the conventional (but questionable) notion that the least risky way to preserve corporate capital for the long-term benefit of stockholders is to invest it in government bonds at interest rates approximating zero,” according to the legal counsel of the legal publishing company in a letter to the Securities and Exchange Commission (SEC) a year ago.

According to Daily Journal Corporation (NASDAQ:DJCO), Charlie Munger and its vice chairman J.P. Guerin are responsible for selecting the stocks using their “experience and knowledge of investing…”