Li Lu portfolio
Updated November 15, 2026
Li Lu (Himalaya Capital) — The manager Charlie Munger trusted with his money; holds a few stocks with high conviction for a very long time.
According to the latest 13F report that Himalaya Capital filed with the SEC (Q2 2026, filed August 14, 2026), its US stock portfolio is worth about $3.7B across 8 holdings. The largest positions are Alphabet Inc-cl AGOOGL, Alphabet Inc-cl CGOOG, PDD Holdings IncPDD, and the top 10 make up 100% of the portfolio.
| # | Stock | Weight | Value | Change this quarter |
|---|---|---|---|---|
| 1 | Alphabet Inc-cl AGOOGL | 24.5% | $909M | — |
| 2 | Alphabet Inc-cl CGOOG | 23.4% | $866M | — |
| 3 | PDD Holdings IncPDD | 22.2% | $821M | Added +134% |
| 4 | Berkshire Hathaway Inc-cl BBRK-B | 15.0% | $555M | Added +23% |
| 5 | East West Bancorp IncEWBC | 9.7% | $358M | — |
| 6 | Crocs IncCROX | 2.9% | $107M | — |
| 7 | Tencent Music Entertainm-adrTME | 1.5% | $55M | — |
| 8 | Apple IncAAPL | 0.9% | $32M | — |
Positions sold out
Bank OF America CorpBAC, Occidental Petroleum CorpOXY, S&P Global IncSPGI, H&R Block IncHRB, Moody's CorpMCO, Msci IncMSCI
Frequently asked questions
What does Li Lu own now?
According to the latest 13F (Q2 2026), the largest holdings are Alphabet Inc-cl AGOOGL, Alphabet Inc-cl CGOOG, PDD Holdings IncPDD. The full list is in the table above.
What is a 13F report?
US investment managers with more than $100 million in US stocks must list their holdings with the SEC within 45 days after each quarter ends.
Why is the data delayed?
Because 13F reports arrive up to 45 days after the quarter ends, the manager may have traded since then.
Should I copy this portfolio?
Knowing what great investors buy is a good source of ideas, but because of the delay and different goals, copying blindly is not recommended.
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