Li Lu portfolio
Founder of Himalaya Capital, a concentrated long-term value investor admired by Charlie Munger.
Himalaya Capital's 13F for the quarter ending Jun 30, 2026 (filed Aug 14, 2026) reports 8 positions worth $3.7B. The largest are Alphabet Inc. (24.6%), Alphabet Inc. (23.4%), PDD Holdings Inc. (22.2%). The top five make up 95% of the reported portfolio.
Since their last filing
How the stocks in this filing have moved since its quarter ended, weighted by position size. This is not the fund's own return: a 13F leaves out cash, short positions and anything bought or sold since.
Biggest movers
- GOOGLAlphabet Inc.−2.5%
- PDDPDD Holdings Inc.+2.6%
- GOOGAlphabet Inc.−2.4%
- EWBCEAST WEST BANCORP INC−2.2%
What changed in Q2 2026
Compared with the previous 13F. Sorted by how much the share count changed, not by position size.
Added 2
| PDD PDD Holdings Inc. | +133.5% shares | 14.7% to 22.2% |
| BRK/B Berkshire Hathaway Inc | +23.5% shares | 13.4% to 15.0% |
Sold out 6
| BAC Bank of America Corporation | Sold out | was 4.6% of portfolio |
| OXY Occidental Petroleum Corporation | Sold out | was 3.0% of portfolio |
| MCO Moody's Corporation | Sold out | was 1.6% of portfolio |
| HRB Block H & R Inc | Sold out | was 1.6% of portfolio |
| SPGI S&P Global Inc. | Sold out | was 1.6% of portfolio |
| MSCI MSCI Inc. | Sold out | was 0.3% of portfolio |
Holdings
| # | Stock | Weight | Value | Shares vs last quarter |
|---|---|---|---|---|
| 1 | GOOGL Alphabet Inc. | 24.6% | $908.9M | No change |
| 2 | GOOG Alphabet Inc. | 23.4% | $866.1M | No change |
| 3 | PDD PDD Holdings Inc. | 22.2% | $820.9M | +133.5% |
| 4 | BRK/B Berkshire Hathaway Inc | 15.0% | $554.6M | +23.5% |
| 5 | EWBC East West Bancorp Inc | 9.7% | $358.4M | No change |
| 6 | CROX Crocs, Inc. | 2.9% | $107.0M | No change |
| 7 | TME Tencent Music Entertainment Group | 1.5% | $55.0M | No change |
| 8 | AAPL Apple Inc. | 0.9% | $32.0M | No change |
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Questions
What does Li Lu own?
As of the 13F for Jun 30, 2026, Himalaya Capital's largest holdings were Alphabet Inc. (24.6%), Alphabet Inc. (23.4%), PDD Holdings Inc. (22.2%), Berkshire Hathaway Inc (15.0%), East West Bancorp Inc (9.7%).
What did Li Lu buy last quarter?
Biggest additions by share count: PDD Holdings Inc., Berkshire Hathaway Inc.
What did Li Lu sell last quarter?
Sold out of: Bank of America Corporation, Occidental Petroleum Corporation, Moody's Corporation, Block H & R Inc, S&P Global Inc..
When is Li Lu's next 13F filing?
Funds file a 13F within 45 days after each quarter ends. The next one, covering the quarter ending Sep 30, 2026, is due by Nov 14, 2026.
What doesn't a 13F show?
A 13F lists US-listed stocks and options a fund held on the last day of the quarter. It leaves out cash, short positions, bonds, most non-US stocks, and any trading since the quarter ended.
Other investors
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- Bill AckmanPershing Square Capital Management
- Bill GatesGates Foundation Trust
- Carl IcahnIcahn Capital
- Cathie WoodARK Investment Management
- Chase ColemanTiger Global Management
- Chris HohnTCI Fund Management
- Chuck AkreAkre Capital Management
- Daniel LoebThird Point
- Daniel SundheimD1 Capital Partners
- David EinhornGreenlight Capital
- David TepperAppaloosa Management
- George SorosSoros Fund Management
- Howard MarksOaktree Capital Management
- Leopold AschenbrennerSituational Awareness LP
- Mohnish PabraiPabrai Investment Funds
- Nelson PeltzTrian Partners
- Paul SingerElliott Management
- Philippe LaffontCoatue Management
- Seth KlarmanBaupost Group
- Stanley DruckenmillerDuquesne Family Office
- Stephen MandelLone Pine Capital
- Warren BuffettBerkshire Hathaway