Li Lu's portfolio
Concentrated long-term value in Asia and globally; backed by Charlie Munger.
What changed in Q2 2026
Compared with the previous 13F. Values are as reported at quarter end. How to read a 13F.
New positions
None this quarter.
Added to
- PDDPDD$821M
- Berkshire Hathaway Inc-Cl BBRK/B$555M
Trimmed
None this quarter.
Sold out
None this quarter.
Holdings
8 US-listed positions in the Q2 2026 13F, largest first.
| Stock | % of portfolio | Value | Shares | Last quarter |
|---|---|---|---|---|
| Alphabet Inc Class AGOOGL | 24.55% | $909M | 2,543,300 | Held |
| Alphabet Inc Class CGOOG | 23.39% | $866M | 2,451,300 | Held |
| PDDPDD | 22.17% | $821M | 10,761,119 | Added |
| Berkshire Hathaway Inc-Cl BBRK/B | 14.98% | $555M | 1,108,318 | Added |
| East West BancorpEWBC | 9.68% | $358M | 2,776,351 | Held |
| CrocsCROX | 2.89% | $107M | 887,093 | Held |
| Tencent Music Entertainment GroupTME | 1.49% | $55M | 6,590,836 | Held |
| AppleAAPL | 0.86% | $32M | 110,600 | Held |
By sector
Share of the reported value.
Reported value over time
Total 13F value at each quarter end.
Questions
What stocks does Li Lu own?
In the Q2 2026 13F, Himalaya Capital Management LLC reported 8 US stock positions worth $3.7B. The largest: Alphabet Inc Class A (GOOGL) 24.5%, Alphabet Inc Class C (GOOG) 23.4%, PDD (PDD) 22.2%, Berkshire Hathaway Inc-Cl B (BRK/B) 15.0%, East West Bancorp (EWBC) 9.7%.
What did Li Lu buy last quarter?
In Q2 2026: added to PDD (PDD); added to Berkshire Hathaway Inc-Cl B (BRK/B).
When is Li Lu's next 13F?
13F filings are due 45 days after each quarter ends. The Q3 2026 filing is due by November 14, 2026.
More investors
13F filings list US-listed long positions (and some options) held at quarter end. They leave out short positions, cash, bonds and non-US holdings, and arrive up to 45 days after the quarter ends, so the investor may have traded since. Information only, not investment advice.