Himalaya Capital Management

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Li Lu's Himalaya Capital Management reported 8 stock positions worth $2.2 billion. Its top holding was Bank of America (BAC) at 26.1% of the portfolio, followed by Berkshire Hathaway Class B (BRK.B, 21.6%) and Alphabet Class A (GOOGL, 17.8%). Compared with Q4 2024, it reduced 3. The biggest sale was Alphabet Class C (GOOG, shares −19%).

Most Recent 13F
Q2 2026
Notable People
Li Lu
Location
SEATTLE, WA
CIK
0001709323
Portfolio Value
$2.2B (Q1 2025)
SEC Filing
0002043585-25-000004 ↗ filed May 15, 2025

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 $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 Q2 2026

Holdings 8 stocks · $2.2B
BAC Bank of America Corp. filed as BANK AMERICA CORP 26.12% 13,846,633 $577.8M Reduce -23.4%
BRK.B Berkshire Hathaway Inc. Class B 21.61% 897,749 $478.1M No change
GOOGL Alphabet Inc. Class A 17.78% 2,543,300 $393.3M No change
GOOG Alphabet Inc. Class C 17.31% 2,451,300 $383.0M Reduce -19.5%
EWBC East West Bancorp Inc. 11.26% 2,776,351 $249.2M No change
OXY Occidental Petroleum Corp. 3.27% 1,466,500 $72.4M No change
SOC Sable Offshore Corp. 1.54% 1,343,000 $34.1M No change
AAPL Apple Inc. 1.11% 110,600 $24.6M Reduce -65.2%

Portfolio Sells Q4 2024 → Q1 2025
GOOG Alphabet Inc. Class C Reduce -19.5% 17.31% −4.07
BAC Bank of America Corp. Reduce -23.4% 26.12% −3.19
AAPL Apple Inc. Reduce -65.2% 1.11% −1.82

Portfolio Buys Q4 2024 → Q1 2025
None this quarter.

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