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 |
East-West Bancorp
EWBC
|
+$24.4M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Micron Technology
MU
|
+$412M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 54.23% |
| 2 | Communication Services | 37.55% |
| 3 | Technology | 8.22% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Bank of America
BAC
$351B
| $519M | 28.96% |
18,081,133
| – | – |
2020 Q1
13 quarters
|
|
2
Alphabet (Google) Class C
GOOG
$3.6T
| $368M | 20.56% |
3,044,000
| – | – |
2020 Q2
12 quarters
|
|
3
Berkshire Hathaway Class B
BRK.B
$1.26T
| $306M | 17.09% |
897,749
| – | – |
2021 Q3
7 quarters
|
|
4
Alphabet (Google) Class A
GOOGL
$3.63T
| $304M | 16.99% |
2,543,300
| – | – |
2022 Q2
4 quarters
|
|
5
Apple
AAPL
$5.17T
| $147M | 8.22% |
759,600
| – | – |
2020 Q4
10 quarters
|
|
|
6
East-West Bancorp
EWBC
$18B
| $147M | 8.18% |
2,776,351
+480,051
| +21% | +$24.4M |
2023 Q1
1 quarter
|
|
|
7
Micron Technology
MU
$878B
| – | – |
-6,826,079
| Closed | -$412M | – |
|
Similar funds
Li Lu's Q2 2023 Portfolio in Review
As of Q2 2023, Li Lu held 7 positions worth $1.79B, down 12% from $2.04B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Li Lu withdrew a net $388M in Q2 2023, closing 1 position. Its most notable exit was Micron Technology, an estimated $412M position sold in full.
By sector, the portfolio is most concentrated in Financials at 54% of assets, up from 45% a quarter earlier, followed by Communication Services and Technology.
Against the trend, Li Lu added an estimated $24.4M to East-West Bancorp.
- Li Lu added most to East-West Bancorp in Q2 2023, an estimated $24.4M increase.
- Li Lu fully exited Micron Technology in Q2 2023, selling an estimated $412M.
- Li Lu's ten largest holdings make up 100% of its $1.79B portfolio in Q2 2023.
- Li Lu opened 0 new positions and closed 1 in Q2 2023.
- Li Lu's portfolio value fell 12% quarter-over-quarter to $1.79B.
Based on Himalaya Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.