Li Lu
Portfolio value$3.7B
Positions8
QuarterQ2 2026ended 2026-06-30
Filed08/142026
Himalaya Capital Management LLC's Q2 2026 13F, filed Aug 14, 2026, reports 8 positions worth $3.7B. The ten largest are 100.0% of the book, led by Alphabet (Class A) at 24.5%, Alphabet (Class C) at 23.4% and PDD Holdings at 22.2%. Against Q1 2026: 0 bought, 2 added to, 0 reduced, 6 sold; the largest moves were added PDD Holdings (+134%) and sold Bank of America.
Where the money is
GOOGLGOOGPDDBRK/BEWBC
Holdings
| Ticker | Issuer | Weight | Value | Q-end → now | Price vs model | Change |
|---|---|---|---|---|---|---|
| GOOGL | Alphabet INC | 24.5% | $908.9M2.5M sh | 357.37 → −5% | 51% overvalued | held |
| GOOG | Alphabet INC | 23.4% | $866.1M2.5M sh | 353.33 → −5% | 49% overvalued | held |
| PDD | Pdd Holdings INC | 22.2% | $820.9M10.8M sh | 76.28 → +6% | no usable model value | added +134% |
| BRK/B | Berkshire Hathaway INC Del | 15.0% | $554.6M1.1M sh | 500.39 → +6% | 21% overvalued | added +23% |
| EWBC | East West Bancorp INC | 9.7% | $358.4M2.8M sh | 129.09 | — | held |
| CROX | Crocs INC | 2.9% | $107.0M887,093 sh | 120.64 | — | held |
| TME | Tencent Music Entertainm | 1.5% | $55.0M6.6M sh | 8.35 | — | held |
| AAPL | Apple INC | 0.9% | $32.0M110,600 sh | 289.36 → +19% | 114% overvalued | held |
Source: the manager's Form 13F-HR on SEC EDGAR, kept as immutable quarterly snapshots; changes compare two consecutive filings. A 13F is filed up to 45 days after quarter end and covers US-listed long positions only. Tickers come from a self-maintained CUSIP map; a position without one shows its CUSIP. Method notes in where the numbers come from.