RWWM Inc. reported a new investment in Costco Wholesale Corporation during the third quarter, as detailed in its latest 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,302 shares of Costco stock, with a total value near $3.98 million.
This purchase represents approximately 0.3% of RWWM Inc.’s overall investment portfolio.
**Why this matters**
The addition of Costco shares indicates RWWM Inc.’s confidence in the retailer’s performance and growth potential. Institutional investments like this can influence market perceptions and highlight companies viewed as strong investment opportunities.
Source: News Source