Li Lu
Himalaya Capital Management · Concentrated long-term value Li Lu's Himalaya runs a highly concentrated, long-term value book; Charlie Munger entrusted him with family capital.
Li Lu (born 1966) is a Chinese-American investor who founded Himalaya Capital Management. A student leader of the 1989 Tiananmen Square protests, he later became a value investor and is one of the few outside managers Charlie Munger entrusted with capital. Himalaya runs a highly concentrated, long-term portfolio, and Li Lu is credited with introducing Munger and Buffett to BYD.
Showing all 8 reported 13(f) positions; TradingPilot links only the 2 matching its curated universe — a licensed CUSIP↔ticker database was not used. Unmapped positions render as plain text, exactly as filed.
Portfolio allocation (reported 13F equity)
Long US-listed equity positions only; options excluded.
- GOOGL24.5%
- ALPHABET INC23.4%
- PDD HOLDINGS INC22.2%
- BERKSHIRE HATHAWAY INC DEL15.0%
- EAST WEST BANCORP INC9.7%
- CROCS INC2.9%
- TENCENT MUSIC ENTERTAINM1.5%
- AAPL0.9%
Reported 13F equity value — not a return, not AUM
Long US-listed equity positions only; filed with a ~45-day lag.
| # | Ticker | Security (as filed) | % of 13F | Shares | Reported price | Current | Value | Activity |
|---|---|---|---|---|---|---|---|---|
| 1 | GOOGL | ALPHABET INC | 24.5% | 2,543,300 | $357.37 | $278.99 -21.9% | $908.9M | Held +0% |
| 2 | — | ALPHABET INC | 23.4% | 2,451,300 | $353.33 | — | $866.1M | Held +0% |
| 3 | — | PDD HOLDINGS INC | 22.2% | 10,761,119 | $76.28 | — | $820.9M | Added +134% |
| 4 | — | BERKSHIRE HATHAWAY INC DEL | 15.0% | 1,108,318 | $500.39 | — | $554.6M | Added +23% |
| 5 | — | EAST WEST BANCORP INC | 9.7% | 2,776,351 | $129.09 | — | $358.4M | Held +0% |
| 6 | — | CROCS INC | 2.9% | 887,093 | $120.64 | — | $107.0M | Held +0% |
| 7 | — | TENCENT MUSIC ENTERTAINM | 1.5% | 6,590,836 | $8.35 | — | $55.0M | Held +0% |
| 8 | AAPL | APPLE INC | 0.9% | 110,600 | $289.36 | $338.32 +16.9% | $32.0M | Held +0% |
| — | — | BK OF AMERICA CORP | — | 0 | — | — | $0 | Sold-Out −100% |
| — | — | BLOCK H & R INC | — | 0 | — | — | $0 | Sold-Out −100% |
| — | — | MOODYS CORP | — | 0 | — | — | $0 | Sold-Out −100% |
| — | — | MSCI INC | — | 0 | — | — | $0 | Sold-Out −100% |
| — | — | OCCIDENTAL PETE CORP | — | 0 | — | — | $0 | Sold-Out −100% |
| — | — | S&P GLOBAL INC | — | 0 | — | — | $0 | Sold-Out −100% |
Reported price = value ÷ shares at the quarter-end — an average, NOT the manager's buy/sell price.
Current shows the stock's price change since the filing quarter-end (mapped names only) — it is the STOCK's move, not the manager's realized return (we don't know their cost basis or whether they still hold).
TradingPilot analysis of the reported 13F equity book
As of 2026Q2, Li Lu's reported 13F book holds 8 equity positions; the top 5 are 95% of it.
- ALPHABET INC (GOOGL) — 24.5% of 13F
- ALPHABET INC — 23.4% of 13F
- PDD HOLDINGS INC — 22.2% of 13F
- BERKSHIRE HATHAWAY INC DEL — 15.0% of 13F
- EAST WEST BANCORP INC — 9.7% of 13F
This quarter: 0 new, 2 added, 0 trimmed, 6 sold out.
- PDD HOLDINGS INC — Added (+6,153,119 sh)
- BK OF AMERICA CORP — Sold-Out (−2,997,987 sh)
- BLOCK H & R INC — Sold-Out (−1,626,906 sh)
- OCCIDENTAL PETE CORP — Sold-Out (−1,466,500 sh)
- BERKSHIRE HATHAWAY INC DEL — Added (+210,569 sh)