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Li Lu Himalaya Capital Management

AUM $3.7B
1-Year Est. Return 39.18%
 

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.

This Fund
S&P 500
This Quarter Est. Return
+21.23%
1 Year Est. Return
+39.18%
3 Year Est. Return
+115.66%
5 Year Est. Return
+79.58%
10 Year Est. Return
–
AUM
$1.06B
AUM Growth
+$351M
Cap. Flow
+$209M
Cap. Flow %
19.65%
Top 10 Hldgs %
100%
Holding
5
New
2
Increased
–
Reduced
–
Closed
1

Top Buys

Rank Stock Value
1
META icon
Meta Platforms (Facebook)
META
+$127M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$116M

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$34M

Sector Composition

Rank Sector Weight
1 Technology 47.99%
2 Financials 27.59%
3 Communication Services 24.41%
4 Consumer Discretionary 0%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MU icon
1
Micron Technology
MU
$1.1T
$511M 47.99%
9,909,423
– –
BAC icon
2
Bank of America
BAC
$451B
$294M 27.59%
12,358,987
– –
META icon
3
Meta Platforms (Facebook)
META
$1.5T
$138M 13%
+608,900
New +$127M
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.2T
$121M 11.42%
+1,718,000
New +$116M
BABA icon
5
Alibaba
BABA
$297B
– –
-175,000
Closed -$34M

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Li Lu's Q2 2020 Portfolio in Review

As of Q2 2020, Li Lu held 5 positions worth $1.06B, up 49% from $713M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Li Lu deployed $209M of net new capital in Q2 2020, opening 2 new positions. Its largest new stake was Meta Platforms (Facebook): 608,900 shares worth $138M.

By sector, the portfolio is most concentrated in Technology at 48% of assets, down from 58% a quarter earlier, followed by Financials and Communication Services.

On the sell side, the most notable exit was Alibaba, an estimated $34M sold.

  • Li Lu's largest Q2 2020 buy was Meta Platforms (Facebook): 608,900 shares worth $138M.
  • Li Lu fully exited Alibaba in Q2 2020, selling an estimated $34M.
  • Li Lu's ten largest holdings make up 100% of its $1.06B portfolio in Q2 2020.
  • Li Lu opened 2 new positions and closed 1 in Q2 2020.
  • Li Lu's portfolio value rose 49% quarter-over-quarter to $1.06B.

Based on Himalaya Capital Management's 13F filing for Q2 2020, filed 17 Aug 2020.