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Daily Journal Corporation’s shareholder list shows a concentrated ownership position by an investment adviser and related parties. The group, including Scott P. Roseman and Aaron J. Wagner, reports beneficial ownership of up to 26.5% of the company’s common stock as of the event date.
The advisory firm is shown with 351,652 shares beneficially owned, representing 25.5% of the class, while Roseman and Wagner report 26.5% and 25.7% stakes, respectively, through direct holdings and controlled entities. The securities are stated to be held in the ordinary course of business and not for the purpose of changing or influencing control of Daily Journal.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What ownership stake in Daily Journal Corporation (DJCO) is reported?
The filing reports a significant concentrated stake in Daily Journal Corporation. An investment adviser and related parties collectively report beneficial ownership of up to 26.5% of the common stock, indicating a large, long-term shareholder presence within the company’s investor base.
How many Daily Journal (DJCO) shares does Scott P. Roseman beneficially own?
Scott P. Roseman beneficially owns 365,337 shares of Daily Journal common stock. This amount represents approximately 26.5% of the class, combining his direct holdings with shares held through entities he controls and other accounts over which he has dispositive power.
What percentage of Daily Journal (DJCO) does Aaron J. Wagner report owning?
Aaron J. Wagner reports beneficial ownership of 354,171 shares of Daily Journal common stock. This stake represents about 25.7% of the outstanding class, reflecting both his direct shareholdings and shares held through entities where he has dispositive authority.
What is the investment adviser’s beneficial stake in Daily Journal (DJCO)?
The investment adviser, , Inc., reports beneficial ownership of 351,652 shares of Daily Journal common stock. This position equals roughly 25.5% of the class, consisting primarily of shares held in client accounts where it has sole or shared dispositive power.
Is this large Daily Journal (DJCO) stake intended to influence control of the company?
The reporting persons certify the shares were acquired and are held in the ordinary course of business. They state the holdings are not for the purpose or effect of changing or influencing control of Daily Journal, consistent with a passive investment intent.
When was the ownership position in Daily Journal (DJCO) measured?
The reported beneficial ownership percentages and share counts are tied to an event date of December 31, 2025. That date anchors the calculations of each reporting person’s stake in Daily Journal’s common stock as disclosed in the Schedule 13G/A.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 17)
Daily Journal Corporation
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class of Securities)
233912104
(CUSIP Number)
12/31/2025
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP No.
233912104
1
Names of Reporting Persons
RWWM, Inc.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CALIFORNIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
312,723.00
8
Shared Dispositive Power
38,929.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
351,652.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
25.5 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
233912104
1
Names of Reporting Persons
Roseman Wagner GP, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
30,044.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
30,044.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
30,044.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
2.2 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
CUSIP No.
233912104
1
Names of Reporting Persons
RWWM Inc. 401(k) Profit Sharing Plan
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
CALIFORNIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
8,885.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
8,885.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
0.6 %
12
Type of Reporting Person (See Instructions)
EP
SCHEDULE 13G
CUSIP No.
233912104
1
Names of Reporting Persons
Scott P. Roseman
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
13,685.00
6
Shared Voting Power
39,242.00
7
Sole Dispositive Power
13,685.00
8
Shared Dispositive Power
351,652.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
365,337.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
26.5 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
CUSIP No.
233912104
1
Names of Reporting Persons
Aaron J. Wagner
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
2,519.00
6
Shared Voting Power
39,036.00
7
Sole Dispositive Power
2,519.00
8
Shared Dispositive Power
351,652.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
354,171.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
25.7 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Daily Journal Corporation
(b)
Address of issuer's principal executive offices:
915 E. First Street, Los Angeles, CA, 90012.
Item 2.
(a)
Name of person filing:
RWWM, Inc.
Roseman Wagner GP, LLC
RWWM Inc. 401(k) Profit Sharing Plan
Scott P. Roseman
Aaron J. Wagner
(b)
Address or principal business office or, if none, residence:
4970 Rocklin Road, Suite 200
Rocklin, CA 95677
(c)
Citizenship:
RWWM, Inc. California
Roseman Wagner GP, LLC Delaware
RWWM Inc. 401(k) Profit Sharing Plan California
Scott P. Roseman United States
Aaron J. Wagner United States
(d)
Title of class of securities:
Common Stock, par value $.01 per share
(e)
CUSIP No.:
233912104
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
The securities reported herein consist of (i) 312,723 shares held by clients of RWWM, Inc. over which RWWM, Inc. has sole dispositive power (the "RWWM Advisory Shares"; (ii) 8,885 shares held by the RWWM Inc. 401(k) Profit Sharing Plan over which RWWM, Inc. shares dispositive power (the "401(k) Shares"); (iii) 30,044 shares held by Roseman Wagner Partners, LP, over which Roseman Wagner GP, LLC, as general partner, shares voting and dispositive power (the "Roseman Wagner Shares"); (iv) 13,685 shares held directly and through entities controlled by Scott Roseman; and (v) 2,519 shares held directly and through entities controlled by Aaron Wagner.
As the officers of RWWM, Inc., trustees of the RWWM Inc. 401(k) Profit Sharing Plan and managers of Roseman Wagner GP, LLC, Messrs. Roseman and Wagner may be deemed to share beneficial ownership over the RWWM Advisory Shares, the 401(k) Shares and the Roseman Wagner Shares.
(b)
Percent of class:
RWWM, Inc. 25.5%
Roseman Wagner GP, LLC 2.2%
RWWM Inc. 401(k) Profit Sharing Plan 0.6%
Scott P. Roseman 26.5%
Aaron J. Wagner 25.7%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
RWWM, Inc. 0
Roseman Wagner GP, LLC 0
RWWM Inc. 401(k) Profit Sharing Plan 0
Scott P. Roseman 13,685
Aaron J. Wagner 2,519
(ii) Shared power to vote or to direct the vote:
RWWM, Inc. 0
Roseman Wagner GP, LLC 30,044
RWWM Inc. 401(k) Profit Sharing Plan 8,885
Scott P. Roseman 39,242
Aaron J. Wagner 39,036
(iii) Sole power to dispose or to direct the disposition of:
RWWM, Inc. 312,723
Roseman Wagner GP, LLC 0
RWWM Inc. 401(k) Profit Sharing Plan 0
Scott P. Roseman 13,685
Aaron J. Wagner 2,519
(iv) Shared power to dispose or to direct the disposition of:
RWWM, Inc. 38,929
Roseman Wagner GP, LLC 30,044
RWWM Inc. 401(k) Profit Sharing Plan 0
Scott P. Roseman 351,652
Aaron J. Wagner 351,652
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
The securities as to which this Schedule is filed by RWWM, Inc., in its capacity as investment adviser, are owned of record by clients of RWWM, Inc. Those clients have the right to receive, or the power to direct the receipt of, dividends from, or the proceeds from the sale of, such securities. No such client is known to have such right or power with respect to more than five percent of this class of securities.
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
