Himalaya Capital Management

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Li Lu's Himalaya Capital Management reported 9 stock positions worth $3.2 billion. Its top holding was Alphabet Class A (GOOGL) at 19.1% of the portfolio, followed by PDD (PDD, 18.9%) and Alphabet Class C (GOOG, 18.5%). Its holdings were unchanged from Q2 2025.

Most Recent 13F
Q2 2026
Notable People
Li Lu
Location
SEATTLE, WA
CIK
0001709323
Portfolio Value
$3.2B (Q3 2025)
SEC Filing
0002043585-25-000015 ↗ filed Nov 12, 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 Q1 2025 Q2 2025: $2.7B Q2 2025 Q3 2025: $3.2B $3.2B Q3 2025 Q4 2025: $3.6B Q4 2025 Q1 2026: $3.2B Q1 2026 Q2 2026: $3.7B Q2 2026

Holdings 9 stocks · $3.2B
GOOGL Alphabet Inc. Class A 19.14% 2,543,300 $618.3M No change
PDD PDD Holdings Inc. 18.85% 4,608,000 $609.0M No change
GOOG Alphabet Inc. Class C 18.48% 2,451,300 $597.0M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 16.66% 10,431,387 $538.2M No change
BRK.B Berkshire Hathaway Inc. Class B 13.97% 897,749 $451.3M No change
EWBC East West Bancorp Inc. 9.15% 2,776,351 $295.5M No change
OXY Occidental Petroleum Corp. 2.15% 1,466,500 $69.3M No change
AAPL Apple Inc. 0.87% 110,600 $28.2M No change
SOC Sable Offshore Corp. 0.73% 1,343,000 $23.4M No change

Portfolio Sells Q2 2025 → Q3 2025
None this quarter.

Portfolio Buys Q2 2025 → Q3 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