Li Lu Himalaya Capital Management
Li Lu is the founder of Himalaya Capital Management and a prominent value investor influenced by the Berkshire Hathaway tradition. A student of Charlie Munger’s approach, he is known for concentrated portfolios, long holding periods, and deep fundamental research. His firm’s public filings are followed closely by investors seeking exposure to high-conviction ideas across U.S. and Asian markets.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinduoduo
PDD
|
+$568M |
| 2 |
Berkshire Hathaway Class B
BRK.B
|
+$101M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bank of America
BAC
|
+$146M |
| 2 |
Occidental Petroleum
OXY
|
+$95.3M |
| 3 |
S&P Global
SPGI
|
+$51.7M |
| 4 |
H&R Block
HRB
|
+$51.6M |
| 5 |
Moody's
MCO
|
+$51.4M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 49.42% |
| 2 | Consumer Discretionary | 25.06% |
| 3 | Financials | 24.66% |
| 4 | Technology | 0.86% |
| 5 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Alphabet (Google) Class A
GOOGL
$4.23T
| $909M | 24.55% |
2,543,300
| – | – |
|
|
2
Alphabet (Google) Class C
GOOG
$4.2T
| $866M | 23.39% |
2,451,300
| – | – |
|
|
3
Pinduoduo
PDD
$121B
| $821M | 22.17% |
10,761,119
+6,153,119
| +134% | +$568M |
|
|
4
Berkshire Hathaway Class B
BRK.B
$1.08T
| $555M | 14.98% |
1,108,318
+210,569
| +23% | +$101M |
|
5
East-West Bancorp
EWBC
$18.7B
| $358M | 9.68% |
2,776,351
| – | – |
|
6
Crocs
CROX
$6.32B
| $107M | 2.89% |
887,093
| – | – |
|
7
Tencent Music
TME
$14.5B
| $55M | 1.49% |
6,590,836
| – | – |
|
8
Apple
AAPL
$4.46T
| $32M | 0.86% |
110,600
| – | – |
|
|
9
Bank of America
BAC
$451B
| – | – |
-2,997,987
| Closed | -$146M |
|
|
10
H&R Block
HRB
$6.83B
| – | – |
-1,626,906
| Closed | -$51.6M |
|
|
11
Moody's
MCO
$84B
| – | – |
-117,784
| Closed | -$51.4M |
|
12
MSCI
MSCI
$41.4B
| – | – |
-18,939
| Closed | -$10.2M |
|
|
13
Occidental Petroleum
OXY
$58.3B
| – | – |
-1,466,500
| Closed | -$95.3M |
|
|
14
S&P Global
SPGI
$123B
| – | – |
-121,463
| Closed | -$51.7M |
|
Similar funds
Li Lu's Q2 2026 Portfolio in Review
As of Q2 2026, Li Lu held 14 positions worth $3.7B, up 16% from $3.2B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Li Lu deployed $263M of net new capital in Q2 2026, adding to 2 existing holdings.
By sector, the portfolio is most concentrated in Communication Services at 49% of assets, up from 47% a quarter earlier, followed by Consumer Discretionary and Financials.
On the sell side, the most notable exit was Bank of America, an estimated $146M sold.
- Li Lu added most to Pinduoduo in Q2 2026, an estimated $568M increase.
- Li Lu fully exited Bank of America in Q2 2026, selling an estimated $146M.
- Li Lu's ten largest holdings make up 100% of its $3.7B portfolio in Q2 2026.
- Li Lu opened 0 new positions and closed 6 in Q2 2026.
- Li Lu's portfolio value rose 16% quarter-over-quarter to $3.7B.
Based on Himalaya Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.