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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
-4.57%
1 Year Est. Return
+39.18%
3 Year Est. Return
+115.66%
5 Year Est. Return
+79.58%
10 Year Est. Return
–
AUM
$2.21B
AUM Growth
-$499M
Cap. Flow
-$345M
Cap. Flow %
-15.6%
Top 10 Hldgs %
100%
Holding
8
New
–
Increased
–
Reduced
3
Closed
–

Top Buys

No buys this quarter

Top Sells

Rank Stock Value
1
BAC icon
Bank of America
BAC
+$189M
2
GOOG icon
Alphabet (Google) Class C
GOOG
+$109M
3
AAPL icon
Apple
AAPL
+$48M

Sector Composition

Rank Sector Weight
1 Financials 58.99%
2 Communication Services 35.09%
3 Energy 4.81%
4 Technology 1.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BAC icon
1
Bank of America
BAC
$451B
$578M 26.12%
13,846,633
-4,234,500
-23% -$189M
BRK.B icon
2
Berkshire Hathaway Class B
BRK.B
$1.08T
$478M 21.61%
897,749
– –
GOOGL icon
3
Alphabet (Google) Class A
GOOGL
$4.23T
$393M 17.78%
2,543,300
– –
GOOG icon
4
Alphabet (Google) Class C
GOOG
$4.2T
$383M 17.31%
2,451,300
-592,700
-19% -$109M
EWBC icon
5
East-West Bancorp
EWBC
$18.7B
$249M 11.26%
2,776,351
– –
OXY icon
6
Occidental Petroleum
OXY
$58.3B
$72.4M 3.27%
1,466,500
– –
SOC icon
7
Sable Offshore Corp
SOC
$796M
$34.1M 1.54%
1,343,000
– –
AAPL icon
8
Apple
AAPL
$4.46T
$24.6M 1.11%
110,600
-207,100
-65% -$48M

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Li Lu's Q1 2025 Portfolio in Review

As of Q1 2025, Li Lu held 8 positions worth $2.21B, down 18% from $2.71B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Li Lu withdrew a net $345M in Q1 2025, reducing 3 holdings. Its largest reduction was Bank of America, cutting an estimated $189M.

By sector, the portfolio is most concentrated in Financials at 59% of assets, up from 54% a quarter earlier, followed by Communication Services and Energy.

  • Li Lu's biggest Q1 2025 reduction was Bank of America, cutting an estimated $189M.
  • Li Lu's ten largest holdings make up 100% of its $2.21B portfolio in Q1 2025.
  • Li Lu opened 0 new positions and closed 0 in Q1 2025.
  • Li Lu's portfolio value fell 18% quarter-over-quarter to $2.21B.

Based on Himalaya Capital Management's 13F filing for Q1 2025, filed 15 May 2025.