Li Lu

Net buying

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

Data as of 2026-03-31 (filed 2026-05-15) · Source: SEC EDGAR

Portfolio value$3.20B（−10%）

Holdings14（+5）

Reporting quarterQ1 2026

Top holdingAlphabet Inc

Portfolio overview

Himalaya Capital Management LLC's most recent 13F filing, for the quarter ended 2026-03-31, reports 14 positions worth $3.20B. The top 5 holdings represent 82% of that value, a concentrated portfolio.

The single largest position is Alphabet Inc at 22.8% of the portfolio, followed by Alphabet Inc at 22.0% and Pdd Holdings Inc at 14.7%.

Against the prior quarter, Li Lu opened 5 new positions, exited 0, added to 2, and trimmed 2. The largest new buy was Tencent Music Entmt Group.

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.

High-conviction

Alphabet IncGOOGLBig new buy

Big add last quarter — 22.8% of the book.

Alphabet IncGOOGCore · 8q

A core position held 8 quarters running.

Berkshire Hathaway IncBRK.BCore · 8q

A core position held 8 quarters running.

Strike-zone picks

None of Li Lu's tracked holdings are in the strike zone right now.

Valuation as of 2026-07-02; method: conservative Greenwald value band + Owner-Earnings DCF. Position observation, not advice.

Next · is it cheap

Li Lu has no positions in the strike zone right now.

Browse the whole market by value band

Holdings

Security	Value	Valuation	Holders	Shares	Weight (prev→now)
Alphabet IncGOOGL	$731.4M	Above value	34	2,543,300	21.6% → 22.8% ▲
Alphabet IncGOOG	$703.2M	Above value	31	2,451,300	22.3% → 22.0% ▼
Pdd Holdings IncPDD	$470.8M	Above value	7	4,608,000	14.6% → 14.7%
Berkshire Hathaway IncBRK.B	$430.2M	—	22	897,749	12.6% → 13.4%
East West Bancorp IncEWBC	$296.4M	Above value	2	2,776,351	8.7% → 9.3%
Bk Of America CorpBAC	$146.2M	Above value	16	2,997,987	16.1% → 4.6% ▼
Occidental Pete CorpOXY	$95.3M	Above value	5	1,466,500	1.7% → 3.0%
Crocs IncCROX	$73.6M	Above value	7	887,093	1.5% → 2.3% ▲
Tencent Music Entmt GroupTME	$61.2M	—	4	6,590,836	New · 1.9%
S&P Global IncSPGI	$51.7M	Above value	13	121,463	New · 1.6%
Block H & R IncHRB	$51.6M	Below value· unconf.	3	1,626,906	New · 1.6%
Moodys CorpMCO	$51.4M	Above value	16	117,784	New · 1.6%
Apple IncAAPL	$28.1M	Above value	21	110,600	0.8% → 0.9%
Msci IncMSCI	$10.2M	Above value	5	18,939	New · 0.3%

Alphabet IncGOOGL
Value$731.4MValuationAbove valueHolders34Weight (prev→now)21.6% → 22.8% ▲
Alphabet IncGOOG
Value$703.2MValuationAbove valueHolders31Weight (prev→now)22.3% → 22.0% ▼
Pdd Holdings IncPDD
Value$470.8MValuationAbove valueHolders7Weight (prev→now)14.6% → 14.7%
Berkshire Hathaway IncBRK.B
Value$430.2MValuation—Holders22Weight (prev→now)12.6% → 13.4%
East West Bancorp IncEWBC
Value$296.4MValuationAbove valueHolders2Weight (prev→now)8.7% → 9.3%
Bk Of America CorpBAC
Value$146.2MValuationAbove valueHolders16Weight (prev→now)16.1% → 4.6% ▼
Occidental Pete CorpOXY
Value$95.3MValuationAbove valueHolders5Weight (prev→now)1.7% → 3.0%
Crocs IncCROX
Value$73.6MValuationAbove valueHolders7Weight (prev→now)1.5% → 2.3% ▲
Tencent Music Entmt GroupTME
Value$61.2MValuation—Holders4Weight (prev→now)New · 1.9%
S&P Global IncSPGI
Value$51.7MValuationAbove valueHolders13Weight (prev→now)New · 1.6%
Block H & R IncHRB
Value$51.6MValuationBelow value· unconf.Holders3Weight (prev→now)New · 1.6%
Moodys CorpMCO
Value$51.4MValuationAbove valueHolders16Weight (prev→now)New · 1.6%
Apple IncAAPL
Value$28.1MValuationAbove valueHolders21Weight (prev→now)0.8% → 0.9%
Msci IncMSCI
Value$10.2MValuationAbove valueHolders5Weight (prev→now)New · 0.3%

Sources· SEC EDGAR 13F as of 2026-03-31 · filed 2026-05-15

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