Himalaya Capital Management: full 13F, sectors and history

What changed this quarter

8 positions with a change (2 added to, 6 sold). 7 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• PDD Holdings+134%more sharesIncreased
  14.7% → 22.2%
• Bank of America−3.9 ppof portfolioSold out
  4.6% → —
• Berkshire Hathaway+23%more sharesIncreased
  13.4% → 15.0%
• Occidental Petroleum−2.6 ppof portfolioSold out
  3.0% → —
• S&P Global−1.4 ppof portfolioSold out
  1.6% → —
• H&r Block−1.4 ppof portfolioSold out
  1.6% → —
• Moody's−1.4 ppof portfolioSold out
  1.6% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• AlphabetGOOGL · GOOG47.9%Since Q2 2020 · 25 quartersDetails ▾
• PDD HoldingsPDD22.2%Since Q2 2025 · 5 quartersDetails ▾
• Berkshire HathawayBRK/B15.0%Since Q3 2021 · 20 quartersDetails ▾
• East West BancorpEWBC9.7%Since Q1 2023 · 14 quartersDetails ▾
• CrocsCROX2.9%Since Q4 2025 · 3 quartersDetails ▾
• Tencent Music Entertainment GroupTME1.5%Since Q1 2026 · 2 quartersDetails ▾
• AppleAAPL0.9%Since Q4 2020 · 23 quartersDetails ▾

“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.