Great investors · Li Lu
Li Lu portfolio · Q2 2026
Li Lu, founder of Himalaya Capital. This is the stock portfolio Himalaya Capital reported to the SEC (Form 13F) as of Jun 30, 2026, filed on Aug 14, 2026.
The 13F is filed by the firm, not the person: when this page says what Li Lu “owns” or “bought”, it means the positions of Himalaya Capital as a whole.
Next 13F: Q3 2026 usually filed ~Nov 16, 2026; deadline Nov 16, 2026. See the quarter page →
What stocks does Li Lu own?
The largest positions of Himalaya Capital in Q2 2026 are GOOGL, PDD, BRK/B, EWBC, CROX.
- 1AlphabetGOOGL · GOOG47.9%Since Q2 2020 · 25 quarters
- 2PDD HoldingsPDDIncreased22.2%Since Q2 2025 · 5 quartersIt bought in 2 quarters. Quarter-end prices of those quarters per 13F: $76.28 to $104.66.
- 3Berkshire HathawayBRK/BIncreased15.0%Since Q3 2021 · 20 quartersIt bought in 2 quarters. Quarter-end prices of those quarters per 13F: $272.94 to $500.39.
- 4East West BancorpEWBC9.7%Since Q1 2023 · 14 quartersIt bought in 2 quarters. Quarter-end prices of those quarters per 13F: $52.79 to $55.50.
- 5CrocsCROX2.9%Since Q4 2025 · 3 quartersIt bought in 2 quarters. Quarter-end prices of those quarters per 13F: $83.02 to $85.52.
- 6Tencent Music Entertainment GroupTME1.5%Since Q1 2026 · 2 quartersIt bought in 1 quarter. Quarter-end price of that quarter per 13F: $9.28.
- 7AppleAAPL0.9%Since Q4 2020 · 23 quartersIt bought in 1 quarter. Quarter-end price of that quarter per 13F: $132.69.
Where there are two tickers (e.g. GOOGL · GOOG) they are two share classes of the same company and the weight is the sum: that is why there are 7 rows here and the 13F has 8 positions.
“Since”: first quarter of the current run, unbroken until today. 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.
What did Li Lu buy in Q2 2026?
- IncreasedPDD HoldingsPDD+134% shares · 22.2% of portfolio
- IncreasedBerkshire HathawayBRK/B+23% shares · 15.0% of portfolio
What did Li Lu sell in Q2 2026?
- Sold outBank of AmericaBACwas 4.6%
- Sold outOccidental PetroleumOXYwas 3.0%
- Sold outS&P GlobalSPGIwas 1.6%
- Sold outH&r BlockHRBwas 1.6%
- Sold outMoody'sMCOwas 1.6%
- Sold outMsciMSCIwas 0.3%
2 positions opened or added to and 6 trimmed or closed, against the previous quarter's 13F. Each is measured the same way across the page: how much the share count changed and its weight in the portfolio today (share classes of the same company added together). The 13F has 8 positions with a change, 7 of them material (0.5 points of the portfolio or more). All full exits are listed, even those that moved less than 0.5 points of the portfolio.
How its portfolio changed (8 quarters)
Q2 2026: 8
Q2 2026: 100%
Q2 2026: 13.2%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Source: SEC 13F filings show the portfolio at quarter end and are filed up to 45 days later: positions may have changed. They only cover U.S.-listed stocks and some others; no short positions or cash. Not investment advice.