Himalaya Capital Management

In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), Li Lu's Himalaya Capital Management reported 14 stock positions worth $3.2 billion. Its top holding was Alphabet Class A (GOOGL) at 22.8% of the portfolio, followed by Alphabet Class C (GOOG, 22.0%) and PDD (PDD, 14.7%). Compared with Q4 2025, it opened 5 new positions, added to 1 and reduced 1. The biggest buy was a new position in Tencent Music Entertainm-ADR (TME) and the biggest sale Bank of America (BAC, shares −71%).

Most Recent 13F
Q2 2026
Notable People
Li Lu
Location
SEATTLE, WA
CIK
0001709323
Portfolio Value
$3.2B (Q1 2026)
SEC Filing
0002043585-26-000013 ↗ filed May 15, 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 $3.2B Q1 2026 Q2 2026: $3.7B Q2 2026

Holdings 14 stocks · $3.2B
GOOGL Alphabet Inc. Class A 22.85% 2,543,300 $731.4M No change
GOOG Alphabet Inc. Class C 21.97% 2,451,300 $703.2M No change
PDD PDD Holdings Inc. 14.71% 4,608,000 $470.8M No change
BRK.B Berkshire Hathaway Inc. Class B 13.44% 897,749 $430.2M No change
EWBC East West Bancorp Inc. 9.26% 2,776,351 $296.4M No change
BAC Bank of America Corp. filed as BANK AMERICA CORP 4.57% 2,997,987 $146.2M Reduce -71.3%
OXY Occidental Petroleum Corp. 2.98% 1,466,500 $95.3M No change
CROX Crocs Inc. 2.30% 887,093 $73.6M Add +41.2%
TME Tencent Music Entertainm-ADR 1.91% 6,590,836 $61.2M New
SPGI S&P Global Inc. 1.61% 121,463 $51.7M New
HRB H&R Block Inc. filed as BLOCK H & R INC 1.61% 1,626,906 $51.6M New
MCO Moody's Corp. 1.61% 117,784 $51.4M New
AAPL Apple Inc. 0.88% 110,600 $28.1M No change
MSCI MSCI Inc. 0.32% 18,939 $10.2M New

Portfolio Sells Q4 2025 → Q1 2026
BAC Bank of America Corp. Reduce -71.3% 4.57% −11.51

Portfolio Buys Q4 2025 → Q1 2026
TME Tencent Music Entertainm-ADR New 1.91% +1.91
SPGI S&P Global Inc. New 1.61% +1.61
HRB H&R Block Inc. New 1.61% +1.61
MCO Moody's Corp. New 1.61% +1.61
CROX Crocs Inc. Add +41.2% 2.30% +0.80
MSCI MSCI Inc. New 0.32% +0.32

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