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Li Lu portfolio: holdings and latest trades

The stocks Himalaya Capital reported in its latest 13F filing, for Q2 2026: 8 positions worth about $3.7B, what was bought and sold in the quarter, and who Lu is.

Data updated August 14, 2026 (13F for Q2 2026)

13F portfolio value
$3.7B
Positions
8
Top 10 holdings
100%
Change in value vs previous quarter
+15.6%

Li Lu top holdings (Q2 2026)

#Stock% of portfolioValueLast quarter
1GOOGL Alphabet Inc-Cl A24.5%$909MUnchanged
2GOOG Alphabet Inc-Cl C23.4%$866MUnchanged
3PDD Pdd Holdings Inc22.2%$821MAdded 134%
4BRK.B Berkshire Hathaway Inc-Cl B15.0%$555MAdded 24%
5EWBC East West Bancorp Inc9.7%$358MUnchanged
6CROX Crocs Inc2.9%$107MUnchanged
7TME Tencent Music Entertainm-ADR1.5%$55MUnchanged
8AAPL Apple Inc0.9%$32MUnchanged

What Lu bought and sold in Q2 2026

Bought or added

  • PDD Pdd Holdings IncAdded 134%
  • BRK.B Berkshire Hathaway Inc-Cl BAdded 24%

Sold or reduced

  • BAC Bank Of America CorpSold out
  • OXY Occidental Petroleum CorpSold out
  • SPGI S&P Global IncSold out
  • HRB H&R Block IncSold out
  • MCO Moody'S CorpSold out
  • MSCI Msci IncSold out

Changes in number of shares against the 13F for the previous quarter (Q1 2026), largest first.

Who is Li Lu

Role
Founder of Himalaya Capital
Fund
Himalaya Capital, founded 1997
Investment style
Concentrated, long-term value investing in the style of Buffett and Munger.
Known for
Backing from Charlie Munger

Li Lu was one of the student leaders of the 1989 Tiananmen Square protests before moving to the United States, where he studied at Columbia. He founded Himalaya Capital in 1997, and Charlie Munger became one of his investors.

Himalaya holds a very short list of stocks for many years; its 13F typically shows only a handful of positions, with a large weight in a few companies.

  • •Backing from Charlie Munger
  • •A portfolio of only a few stocks
  • •Long-term holdings in US and Asian companies

How to read 13F data

A 13F filing lists the US-listed stocks, ETFs and some options a manager held at the end of a quarter. It is filed up to 45 days after the quarter ends, so positions may have changed since. It does not show short positions, bonds, cash, foreign-listed shares or private investments, so for many funds it is only part of the picture.

Questions

What stocks does Li Lu own?

According to the 13F filing of Himalaya Capital for Q2 2026 (period ending June 30, 2026), the largest holdings were Alphabet Inc-Cl A (GOOGL) 24.5%, Alphabet Inc-Cl C (GOOG) 23.4%, Pdd Holdings Inc (PDD) 22.2%, Berkshire Hathaway Inc-Cl B (BRK.B) 15.0%, East West Bancorp Inc (EWBC) 9.7%, out of 8 positions worth about $3.7B.

What did Lu buy and sell last quarter?

New or larger positions in Q2 2026: PDD, BRK.B. Sold or reduced: BAC, OXY, SPGI, HRB, MCO, MSCI. Changes are measured in shares against the previous quarter’s filing.

How up to date is Himalaya Capital’s portfolio?

13F filings are due within 45 days after each quarter ends. This page shows the filing made on August 14, 2026 for the quarter ended June 30, 2026; the fund may have traded since.

What does a 13F filing leave out?

A 13F filing lists the US-listed stocks, ETFs and some options a manager held at the end of a quarter. It is filed up to 45 days after the quarter ends, so positions may have changed since. It does not show short positions, bonds, cash, foreign-listed shares or private investments, so for many funds it is only part of the picture.

Other famous investors

Source: SEC Form 13F-HR filings via EDGAR. Holdings are as reported by the manager for the quarter shown and may have changed since. Educational content, not investment advice: MEDGE Capital does not recommend buying or selling any security. Risk disclaimer.