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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
+10.03%
1 Year Est. Return
+39.18%
3 Year Est. Return
+115.66%
5 Year Est. Return
+79.58%
10 Year Est. Return
–
AUM
$2.71B
AUM Growth
+$239M
Cap. Flow
$0
Cap. Flow %
0%
Top 10 Hldgs %
100%
Holding
8
New
–
Increased
–
Reduced
–
Closed
–

Top Buys

No buys this quarter

Top Sells

No sells this quarter

Sector Composition

Rank Sector Weight
1 Financials 54.12%
2 Communication Services 39.14%
3 Energy 3.81%
4 Technology 2.93%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC icon
1
Bank of America
BAC
$451B
$795M 29.31%
18,081,133
– –
GOOG icon
2
Alphabet (Google) Class C
GOOG
$4.2T
$580M 21.38%
3,044,000
– –
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$4.23T
$481M 17.76%
2,543,300
– –
BRK.B icon
4
Berkshire Hathaway Class B
BRK.B
$1.08T
$407M 15.01%
897,749
– –
EWBC icon
5
East-West Bancorp
EWBC
$18.7B
$266M 9.81%
2,776,351
– –
AAPL icon
6
Apple
AAPL
$4.46T
$79.6M 2.93%
317,700
– –
OXY icon
7
Occidental Petroleum
OXY
$58.3B
$72.5M 2.67%
1,466,500
– –
SOC icon
8
Sable Offshore Corp
SOC
$796M
$30.8M 1.13%
1,343,000
– –

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Li Lu's Q4 2024 Portfolio in Review

As of Q4 2024, Li Lu held 8 positions worth $2.71B, up 9.7% from $2.47B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Trading was light in Q4 2024: portfolio turnover was 0%. Li Lu opened no new positions and made no exits, leaving the 8-position portfolio largely intact.

By sector, the portfolio is most concentrated in Financials at 54% of assets, down from 55% a quarter earlier, followed by Communication Services and Energy.

  • Li Lu's ten largest holdings make up 100% of its $2.71B portfolio in Q4 2024.
  • Li Lu opened 0 new positions and closed 0 in Q4 2024.
  • Li Lu's portfolio value rose 9.7% quarter-over-quarter to $2.71B.

Based on Himalaya Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.