Li Lu's portfolio (Himalaya Capital)
Li Lu founded Himalaya Capital Management in 1997. A value investor, he was long associated with Charlie Munger, who was an early investor in his fund.
Li Lu's holdings — Q2 2026
sorted by share of reported value · click a column to sort| Stock | % of portfolio | Value | Shares | Change in shares | Q2 2026 |
|---|---|---|---|---|---|
| 24.55% | $908.90M | 2.54M | 0 | No change | |
| 23.39% | $866.12M | 2.45M | 0 | No change | |
| 22.17% | $820.86M | 10.76M | +6.15M (+133.5%) | Added | |
| 14.98% | $554.59M | 1.11M | +210.57K (+23.5%) | Added | |
| 9.68% | $358.40M | 2.78M | 0 | No change | |
| 2.89% | $107.02M | 887.09K | 0 | No change | |
TMETencent Music Entertainment Group
|
1.49% | $55.03M | 6.59M | 0 | No change |
| 0.86% | $32.00M | 110.60K | 0 | No change |
What Li Lu bought and sold in Q2 2026
by number of shares, vs. the 13F for Q1 2026New positions (0)
| Stock | Shares | Value | % of portfolio |
|---|---|---|---|
| No new positions this quarter. | |||
Sold out (6)
| Stock | Shares sold | Value in Q1 2026 | Was % of portfolio |
|---|---|---|---|
| −3.00M | $146.15M | 4.57% | |
| −1.47M | $95.32M | 2.98% | |
| −121.46K | $51.66M | 1.61% | |
| −1.63M | $51.64M | 1.61% | |
| −117.78K | $51.38M | 1.61% | |
| −18.94K | $10.21M | 0.32% |
Added to (2)
| Stock | Shares added | Change | % of portfolio |
|---|---|---|---|
| +6.15M | +133.5% | 22.17% | |
| +210.57K | +23.5% | 14.98% |
Reduced (0)
| Stock | Shares sold | Change | % of portfolio |
|---|---|---|---|
| No positions were trimmed. | |||
Changes compare share counts in the two filings, so they show net buying or selling over the quarter, not individual trades or prices paid.
Filings behind this page
EDGAR ↗- 13F-HR Q2 2026 · filed Aug 14, 2026 by Himalaya Capital Management LLC0002043585-26-000022 ↗
- 13F-HR Q1 2026 · filed May 15, 2026 by Himalaya Capital Management LLC0002043585-26-000013 ↗
Frequently asked questions
What is Li Lu's largest holding?
As of June 30, 2026, the largest position in Himalaya Capital's 13F is Alphabet Inc. (Class A) (GOOGL), at 24.5% of the reported portfolio and worth $908.90M. The top 10 positions add up to 100.0% of the $3.70B reported.
What did Li Lu buy and sell in Q2 2026?
Compared with Q1 2026, the Q2 2026 13F shows 0 new positions, 2 positions increased, 0 reduced and 6 sold out (largest: Bank of America, Occidental Petroleum, S&P Global). Changes are measured in shares between the two quarter-end reports.
How current is this portfolio?
Himalaya Capital's latest 13F was filed on August 14, 2026 and shows holdings as of June 30, 2026. Managers have 45 days after each quarter ends to file, and the next report is due about 45 days after the following quarter end, so positions can be several months old by the time you read them.
Does the 13F show everything Li Lu owns?
No. Form 13F covers long positions in US-listed stocks, ETFs and listed options. Short positions, cash, bonds, private investments and most shares listed only outside the US are not reported, so the 13F is a partial view of the portfolio.
Source: SEC Form 13F filings (Himalaya Capital Management LLC, CIK 1709323), as reported by the manager; tickers matched to issuer names by Flash Finance US. Not investment advice.