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Himalaya Capital Management LLC Li Lu

Seattle, WA 21 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $3.7B
  • 8 holdings
  • 2026 Q2
  • +15.7% QoQ
  • Top 5 94.8%

Li Lu's biggest moves in 2026 Q2 were adding to PDD Holdings and Berkshire Hathaway, and selling out of Bank of America and Occidental.

Portfolio

2026 Q2, filed 8/14/2026, 8 holdings

Top 5 94.8%, top 10 100.0%

  1. GOOGL, Alphabet Class A 24.5%
  2. GOOG, Alphabet Class C 23.4%
  3. PDD, PDD Holdings 22.2%
  4. BRK.B, Berkshire Hathaway 15.0%
  5. WST, East West Bancorp 9.7%
  6. CROX, Crocs 2.9%
  7. TME, Tencent Music Entertainment 1.5%
  8. AAPL, Apple 0.8%

AUM over time

2026 Q2 $3.7B +15.7% QoQ
2021 Q3: $2.1B 2021 Q3: $2.1B
Q3 2021
2021 Q4: $2.7B, +24.1% QoQ 2021 Q4: $2.7B, +24.1% QoQ
Q4
2022 Q1: $2.4B, −10.7% QoQ 2022 Q1: $2.4B, −10.7% QoQ
Q1 2022
2022 Q2: $1.9B, −21.2% QoQ 2022 Q2: $1.9B, −21.2% QoQ
Q2
2022 Q3: $1.7B, −6.9% QoQ 2022 Q3: $1.7B, −6.9% QoQ
Q3
2022 Q4: $1.9B, +10.5% QoQ 2022 Q4: $1.9B, +10.5% QoQ
Q4
2023 Q1: $2B, +5.8% QoQ 2023 Q1: $2B, +5.8% QoQ
Q1 2023
2023 Q2: $1.8B, −12.2% QoQ 2023 Q2: $1.8B, −12.2% QoQ
Q2
2023 Q3: $1.8B, +1.6% QoQ 2023 Q3: $1.8B, +1.6% QoQ
Q3
2023 Q4: $2.1B, +13.1% QoQ 2023 Q4: $2.1B, +13.1% QoQ
Q4
2024 Q1: $2.3B, +9.8% QoQ 2024 Q1: $2.3B, +9.8% QoQ
Q1 2024
2024 Q2: $2.6B, +13.4% QoQ 2024 Q2: $2.6B, +13.4% QoQ
Q2
2024 Q3: $2.5B, −3.5% QoQ 2024 Q3: $2.5B, −3.5% QoQ
Q3
2024 Q4: $2.7B, +9.7% QoQ 2024 Q4: $2.7B, +9.7% QoQ
Q4
2025 Q1: $2.2B, −18.4% QoQ 2025 Q1: $2.2B, −18.4% QoQ
Q1 2025
2025 Q2: $2.7B, +21.6% QoQ 2025 Q2: $2.7B, +21.6% QoQ
Q2
2025 Q3: $3.2B, +20.1% QoQ 2025 Q3: $3.2B, +20.1% QoQ
Q3
2025 Q4: $3.6B, +10.5% QoQ 2025 Q4: $3.6B, +10.5% QoQ
Q4
2026 Q1: $3.2B, −10.3% QoQ 2026 Q1: $3.2B, −10.3% QoQ
Q1 2026
2026 Q2: $3.7B, +15.7% QoQ 2026 Q2: $3.7B, +15.7% QoQ
Q2

Latest book

2026 Q2 2026 Q1, filed 14 Aug, long equity only

Download CSV Download Excel All activity
GOOGL, Alphabet Class A 24.55% Hold 2,543,300 $357.37 $909M — —
GOOG, Alphabet Class C 23.39% Hold 2,451,300 $353.33 $866M — —
PDD, PDD Holdings 22.17%, was 14.71% Add +133.5% 10,761,119 $76.28 $821M +6,153,119 +$350M
BRK.B, Berkshire Hathaway 14.98%, was 13.44% Add +23.5% 1,108,318 $500.39 $555M +210,569 +$124M
WST, East West Bancorp 9.68% Hold 2,776,351 $129.09 $358M — —
CROX, Crocs 2.89% Hold 887,093 $120.64 $107M — —
TME, Tencent Music Entertainment 1.49% Hold 6,590,836 $8.35 $55M — —
AAPL, Apple 0.86% Hold 110,600 $289.36 $32M — —

Exits / last held

Gone since 2026 Q1, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
BAC, Bank of America 4.57% Exit 0 $48.75 $146M −2,997,987 −$146M
OXY, Occidental 2.98% Exit 0 $65.00 $95M −1,466,500 −$95M
SPGI, S&P Global 1.61% Exit 0 $425.34 $52M −121,463 −$52M
HRB 1.61% Exit 0 $31.74 $52M −1,626,906 −$52M
MCO, Moody's 1.61% Exit 0 $436.25 $51M −117,784 −$51M
MSCI 0.32% Exit 0 $538.99 $10M −18,939 −$10M

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2026 Q1. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 8 $3.7B +15.7% 13F-HR 8/14/2026 000204358526000022
2026 Q1 14 $3.2B −10.3% 13F-HR 5/15/2026 000204358526000013
2025 Q4 9 $3.6B — RESTATEMENT 2/19/2026 000204358526000012
2025 Q4 9 $3.6B +10.5% 13F-HR 2/17/2026 000204358526000011
2025 Q3 9 $3.2B +20.1% 13F-HR 11/12/2025 000204358525000015
2025 Q2 9 $2.7B +21.6% 13F-HR 8/14/2025 000204358525000010
2025 Q1 8 $2.2B −18.4% 13F-HR 5/15/2025 000204358525000004
2024 Q4 8 $2.7B +9.7% 13F-HR 2/14/2025 000170932325000001
2024 Q3 8 $2.5B −3.5% 13F-HR 11/14/2024 000170932324000009
2024 Q2 7 $2.6B +13.4% 13F-HR 8/14/2024 000170932324000005
2024 Q1 6 $2.3B +9.8% 13F-HR 5/15/2024 000170932324000004
2023 Q4 6 $2.1B +13.1% 13F-HR 2/14/2024 000170932324000001
2023 Q3 6 $1.8B +1.6% 13F-HR 11/14/2023 000170932323000006
2023 Q2 6 $1.8B −12.2% 13F-HR 8/14/2023 000170932323000005
2023 Q1 7 $2B +5.8% 13F-HR 5/16/2023 000170932323000004
2022 Q4 6 $1.9B +10.5% 13F-HR 2/14/2023 000170932323000001
2022 Q3 6 $1.7B −6.9% 13F-HR 11/14/2022 000170932322000005
2022 Q2 6 $1.9B −21.2% 13F-HR 8/16/2022 000170932322000004
2022 Q1 6 $2.4B −10.7% 13F-HR 5/16/2022 000170932322000003
2021 Q4 6 $2.7B +24.1% 13F-HR 2/15/2022 000170932322000001
2021 Q3 7 $2.1B — 13F-HR 11/15/2021 000170932321000005

About

Himalaya Capital Management LLC

21 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person
Li Lu
SEC filing name
Himalaya Capital Management LLC
Location
Seattle, WA
All SEC filings
View on sec.gov