Li Lu portfolio: what Himalaya Capital holds
Li Lu runs the fund Himalaya Capital. He is a value investor with a concentrated portfolio and a close friend and investment protégé of Charlie Munger.
Stock portfolio value
$3.7B
Stock positions
8
Report date
30 June 2026
Filed
14 August 2026
Largest positions
| # | Company | Weight | Value | Last quarter |
|---|---|---|---|---|
| 1 | Alphabet Inc (Cap Stk Cl A)GOOGL | 24.5% | $908.9M | — |
| 2 | Alphabet Inc (Cap Stk Cl C)GOOG | 23.4% | $866.1M | — |
| 3 | Pdd Holdings IncPDD | 22.2% | $820.9M | Added +134% |
| 4 | Berkshire Hathaway Inc DelBRK.B | 15% | $554.6M | Added +23% |
| 5 | East West Bancorp IncEWBC | 9.7% | $358.4M | — |
| 6 | Crocs IncCROX | 2.9% | $107.0M | — |
| 7 | Tencent Music EntertainmTME | 1.5% | $55.0M | — |
| 8 | Apple IncAAPL | 0.9% | $32.0M | — |
Positions sold
- Bk Of America Corp$146.2M
- Occidental Pete Corp$95.3M
- S&P Global Inc$51.7M
- Block H & R Inc$51.6M
- Moodys Corp$51.4M
- Msci Inc$10.2M
Source: SEC filing. Values count stock positions only; options are left out of the totals and tables.
About Li Lu
- As a student in 1989 he was one of the leaders of the protests in Beijing's Tiananmen Square, then fled to the US.
- He graduated from Columbia University and began investing on Wall Street.
- In 2004 Charlie Munger entrusted him with part of his money, a significant show of trust.
- Through Munger, Berkshire Hathaway also came to invest in the Chinese company BYD.
How to use this page
A 13F filing shows what a manager held on the last day of a quarter, published up to 45 days later. It is a snapshot, not a trading signal: the manager may already have bought or sold since. Learn more in How to read 13F filings.
For information only, not investment advice. 13F filings are delayed by up to 45 days and do not show cash, bonds, short positions or non-US stocks.