Li Lu

Net selling

Himalaya Capital Management LLC — managed by Li Lu; US equity positions disclosed quarterly via SEC 13F

Data as of 2026-06-30 (filed 2026-08-14) · Source: SEC EDGAR

Portfolio value$3.70B (+16%)

Holdings8 (−6)

Top holdingAlphabet Inc

Below band2

New

Added

Exited

By what price implies: 2 demand a demanding growth rate, 2 modest.

13F × valuation

Valuation posture

Of 4 valued US positions, 2 trade below a conservative value band (1 in the strike zone) (as of 2026-08-26):

Pdd Holdings IncPDD76% · strike
East West Bancorp IncEWBC0% · below

13F · concentration

Lonely conviction

Held by ≤2 tracked superinvestors, each ≥3% of this portfolio (as of 2026-06-30):

East West Bancorp IncEWBC10% · 1

SEC 13F · latest filing

Holdings

Security	Value	Valuation	Holders	Shares	Weight	Signal
Alphabet IncGOOGL	$908.9M	—	41	2,543,300	24.5%	Core 8q
Alphabet IncGOOG	$866.1M	—	37	2,451,300	23.4%	Core 8q
Pdd Holdings IncPDD	$820.9M	Strike zone	4	10,761,119	22.2%	Big new
Berkshire Hathaway IncBRK.B	$554.6M	—	27	1,108,318	15.0%	Big new
East West Bancorp IncEWBC	$358.4M	Below value	1	2,776,351	9.7%	Core 8q
Crocs IncCROX	$107.0M	—	9	887,093	2.9%	—
Tencent Music EntertainmTME	$55.0M	—	3	6,590,836	1.5%	—
Apple IncAAPL	$32.0M	—	28	110,600	0.9%	—

Alphabet IncGOOGLCore 8q
Value$908.9MValuation—Holders41Weight24.5%
Alphabet IncGOOGCore 8q
Value$866.1MValuation—Holders37Weight23.4%
Pdd Holdings IncPDDBig new
Value$820.9MValuationStrike zoneHolders4Weight22.2%
Berkshire Hathaway IncBRK.BBig new
Value$554.6MValuation—Holders27Weight15.0%
East West Bancorp IncEWBCCore 8q
Value$358.4MValuationBelow valueHolders1Weight9.7%
Crocs IncCROX—
Value$107.0MValuation—Holders9Weight2.9%
Tencent Music EntertainmTME—
Value$55.0MValuation—Holders3Weight1.5%
Apple IncAAPL—
Value$32.0MValuation—Holders28Weight0.9%

Exited this quarter (6)Bk Of America Corp、Occidental Pete Corp、S&P Global Inc、Block H & R Inc、Moodys Corp、Msci Inc

What is a superinvestor

About this investor

Portfolio overview

Himalaya Capital Management LLC's most recent 13F filing, for the quarter ended 2026-06-30, reports 8 positions worth $3.70B. The top 5 holdings represent 95% of that value, a concentrated portfolio.

The single largest position is Alphabet Inc at 24.5% of the portfolio, followed by Alphabet Inc at 23.4% and Pdd Holdings Inc at 22.2%.

Against the prior quarter, Li Lu opened 0 new positions, exited 6, added to 2, and trimmed 0. The most notable sale was the full exit from Bk Of America Corp.

Across all 8 quarters on file, Alphabet Inc has appeared in every filing, as has Alphabet Inc. Alphabet Inc currently ranks first by value.

A 13F is filed roughly 45 days after quarter-end and covers only long positions in US-listed equities, so it is a lagging and partial view of the portfolio. Source: SEC EDGAR.

Li Lu holds 1 position now in the strike zone. See the full strike-zone list

Sources· SEC EDGAR 13F as of 2026-06-30 · filed 2026-08-14

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