Charlie Munger, the vice-president of Berkshire Hathaway, Inc. (NYSE: BRK-A) (NYSE: BRK-B) and At Warren Buffett’s trusted lieutenant, revealed the assets of his publishing house on Friday Daily newspaper second quarter portfolio.

The billionaire’s holdings in the second quarter remained unchanged, in terms of number of shares, compared to the first quarter. Given the fluctuations in inventory, the value of holdings has undergone some changes.

Munger’s Daily Journal held 300,000 shares of Alibaba Holdings Limited BABA, valued at $34.1 million, at the end of the second quarter. In the first quarter, the company halved its stake in Alibaba.

Shares of Alibaba turned around during the quarter, with the stock rising about 4.5% in the second quarter, even as most U.S. tech stocks posted losses for the same period. Alibaba’s stock hit a low of $73.28 in mid-March.

The observed improvement in sentiment towards the Chinese e-commerce giant reflects hopes that the regulatory crackdown on leading domestic tech companies would ease.

Related Link: ‘The Big Short’ Legend Michael Burry Reveals How He Reacted Upon Seeing ‘Hero’ Charlie Munger For The First Time

Other Munger holdings:

• Bank of America Corporation BAC: 2.3 million shares, worth $71.6 million
• POSCO Holdings Inc. PKX: 9,745 shares, worth $434,000
• Wells Fargo and company WFC: 140,000 shares, valued at $6.44 million.
• American bank USB: 1.592 million shares, worth $62.35 million

Photo: Created with an image by Nick Webb on Flickr