Himalaya Capital Management

In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Li Lu's Himalaya Capital Management reported 8 stock positions worth $3.7 billion. Its top holding was Alphabet Class A (GOOGL) at 24.5% of the portfolio, followed by Alphabet Class C (GOOG, 23.4%) and PDD (PDD, 22.2%). Compared with Q1 2026, it sold out of 6 and added to 2. The biggest buy was PDD (PDD, shares +134%) and the biggest sale an exit from Bank of America (BAC).

Most Recent 13F
Q2 2026
Notable People
Li Lu
Location
SEATTLE, WA
CIK
0001709323
Portfolio Value
$3.7B (Q2 2026)
SEC Filing
0002043585-26-000022 ↗ filed Aug 14, 2026

Holdings Value

0$1.0B$2.0B$3.0B$4.0B Q1 2024: $2.3B Q1 2024 Q2 2024: $2.6B Q2 2024 Q3 2024: $2.5B Q3 2024 Q4 2024: $2.7B Q4 2024 Q1 2025: $2.2B Q1 2025 Q2 2025: $2.7B Q2 2025 Q3 2025: $3.2B Q3 2025 Q4 2025: $3.6B Q4 2025 Q1 2026: $3.2B Q1 2026 Q2 2026: $3.7B $3.7B Q2 2026

Holdings 8 stocks · $3.7B
GOOGL Alphabet Inc. Class A 24.55% 2,543,300 $908.9M No change
GOOG Alphabet Inc. Class C 23.39% 2,451,300 $866.1M No change
PDD PDD Holdings Inc. 22.17% 10,761,119 $820.9M Add +133.5%
BRK.B Berkshire Hathaway Inc. Class B 14.98% 1,108,318 $554.6M Add +23.5%
EWBC East West Bancorp Inc. 9.68% 2,776,351 $358.4M No change
CROX Crocs Inc. 2.89% 887,093 $107.0M No change
TME Tencent Music Entertainm-ADR 1.49% 6,590,836 $55.0M No change
AAPL Apple Inc. 0.86% 110,600 $32.0M No change

Portfolio Sells Q1 2026 → Q2 2026
BAC Bank of America Corp. Sold out 0.00% −4.57
OXY Occidental Petroleum Corp. Sold out 0.00% −2.98
SPGI S&P Global Inc. Sold out 0.00% −1.61
HRB H&R Block Inc. Sold out 0.00% −1.61
MCO Moody's Corp. Sold out 0.00% −1.61
MSCI MSCI Inc. Sold out 0.00% −0.32

Portfolio Buys Q1 2026 → Q2 2026
PDD PDD Holdings Inc. Add +133.5% 22.17% +7.46
BRK.B Berkshire Hathaway Inc. Class B Add +23.5% 14.98% +1.54

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 8$3.7BGOOGL, GOOG, PDD, BRK.B, EWBC
Q1 2026 14$3.2BGOOGL, GOOG, PDD, BRK.B, EWBC
Q4 2025Amended 9$3.6BGOOGL, GOOG, BAC, PDD, BRK.B
Q3 2025 9$3.2BGOOGL, PDD, GOOG, BAC, BRK.B
Q2 2025 9$2.7BBAC, PDD, GOOGL, BRK.B, GOOG
Q1 2025 8$2.2BBAC, BRK.B, GOOGL, GOOG, EWBC
Q4 2024 8$2.7BBAC, GOOG, GOOGL, BRK.B, EWBC
Q3 2024 8$2.5BBAC, GOOG, GOOGL, BRK.B, EWBC
Q2 2024 7$2.6BBAC, GOOG, GOOGL, BRK.B, EWBC
Q1 2024 6$2.3BBAC, GOOG, GOOGL, BRK.B, EWBC