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Li Lu Portfolio

Himalaya Capital Management Holdings

A filing-based view of Himalaya Capital Management’s publicly disclosed U.S.-listed equity holdings — with portfolio concentration, quarter-over-quarter changes and verified quarterly SEC history.

This tracker follows Himalaya Capital Management’s Form 13F disclosures. It is not Li Lu’s personal portfolio, and 13F filings do not reveal exact trade dates or execution prices.

Confirmed SEC snapshot

$3.70B

Reported 13F value · Q2 2026

813F entries
2026-08-14filing date
13F-HRsource filing
33verified quarters

Portfolio

ALPHABET INCGOOGL
$908.9M
24.5%
+15.7%Est. vs filing basis
Unchanged
Reported shares2,543,300
Current price$332.60
SEC reference price$357.37
Estimated filing-based basis$287.56
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $357.37Est. basis $287.56
Q3 2025
Unchanged
SEC ref. $243.10Est. basis $74.54
Q2 2025
Unchanged
SEC ref. $176.23Est. basis $74.54
Q1 2025
Unchanged
SEC ref. $154.64Est. basis $74.54
Q4 2024
Unchanged
SEC ref. $189.30Est. basis $74.54
Q3 2024
Unchanged
SEC ref. $165.85Est. basis $74.54
Q2 2024
Unchanged
SEC ref. $182.15Est. basis $74.54
Q1 2024
Unchanged
SEC ref. $0.15Est. basis $74.54
Q4 2023
Unchanged
SEC ref. $0.14Est. basis $74.54
Q3 2023
Unchanged
SEC ref. $0.13Est. basis $74.54
Q2 2023
Unchanged
SEC ref. $0.12Est. basis $74.54
Q1 2023
Unchanged
SEC ref. $0.10Est. basis $74.54
Q4 2022
Increased 168.3%+1,595,300 reported shares
SEC ref. $0.09Est. basis $74.54
Q3 2022
Increased 1,900.0%+900,600 reported shares
SEC ref. $95.65Est. basis $199.83
Q2 2022
New position47,400 reported shares
SEC ref. $2,179.26Est. basis $2,179.26
ALPHABET INCGOOG
$866.1M
23.4%
+15.2%Est. vs filing basis
Unchanged
Reported shares2,451,300
Current price$330.39
SEC reference price$353.33
Estimated filing-based basis$286.86
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $353.33Est. basis $286.86
Q3 2025
Unchanged
SEC ref. $243.55Est. basis $217.80
Q2 2025
Unchanged
SEC ref. $177.39Est. basis $217.80
Q1 2025
Reduced 19.5%-592,700 reported shares
SEC ref. $156.23Est. basis $217.80
Q4 2024
Unchanged
SEC ref. $190.44Est. basis $217.80
Q3 2024
Unchanged
SEC ref. $167.19Est. basis $217.80
Q2 2024
Unchanged
SEC ref. $183.42Est. basis $217.80
Q1 2024
Unchanged
SEC ref. $0.15Est. basis $217.80
Q4 2023
Unchanged
SEC ref. $0.14Est. basis $217.80
Q3 2023
Unchanged
SEC ref. $0.13Est. basis $217.80
Q2 2023
Unchanged
SEC ref. $0.12Est. basis $217.80
Q1 2023
Unchanged
SEC ref. $0.10Est. basis $217.80
Q4 2022
Unchanged
SEC ref. $0.09Est. basis $217.80
Q3 2022
Increased 1,900.0%+2,891,800 reported shares
SEC ref. $96.15Est. basis $217.80
Q2 2022
Increased 77.2%+66,300 reported shares
SEC ref. $2,187.45Est. basis $2,529.21
Q3 2021
Unchanged
SEC ref. $2,665.31Est. basis $1,413.61
Q2 2021
Unchanged
SEC ref. $2,506.32Est. basis $1,413.61
Q1 2021
Unchanged
SEC ref. $2,068.63Est. basis $1,413.61
Q4 2020
Unchanged
SEC ref. $1,751.87Est. basis $1,413.61
Q3 2020
Unchanged
SEC ref. $1,469.60Est. basis $1,413.61
PDD HOLDINGS INCPDD
$820.9M
22.2%
+2.0%Est. vs filing basis
New reported position
Reported shares10,761,119
Current price$77.84
SEC reference price$76.28
Estimated filing-based basis$76.28
Position historySEC quarter-end observations
Q2 2026
New position10,761,119 reported shares
SEC ref. $76.28Est. basis $76.28
BERKSHIRE HATHAWAY INC DELBRK/B
$554.6M
15.0%
+4.9%Est. vs filing basis
Position increased 23.5%
Reported shares1,108,318
Current price$507.00
SEC reference price$500.39
Estimated filing-based basis$483.23
Position historySEC quarter-end observations
Q2 2026
Increased 23.5%+210,569 reported shares
SEC ref. $500.39Est. basis $483.23
Q3 2025
Unchanged
SEC ref. $502.74Est. basis $352.91
Q2 2025
Unchanged
SEC ref. $485.77Est. basis $352.91
Q1 2025
Unchanged
SEC ref. $532.58Est. basis $352.91
Q4 2024
Unchanged
SEC ref. $453.28Est. basis $352.91
Q3 2024
Unchanged
SEC ref. $460.26Est. basis $352.91
Q2 2024
Unchanged
SEC ref. $406.80Est. basis $352.91
Q1 2024
Unchanged
SEC ref. $0.42Est. basis $352.91
Q4 2023
Unchanged
SEC ref. $0.36Est. basis $352.91
Q3 2023
Unchanged
SEC ref. $0.35Est. basis $352.91
Q2 2023
Unchanged
SEC ref. $0.34Est. basis $352.91
Q1 2023
Unchanged
SEC ref. $0.31Est. basis $352.91
Q4 2022
Unchanged
SEC ref. $0.31Est. basis $352.91
Q3 2022
Unchanged
SEC ref. $267.02Est. basis $352.91
Q2 2022
Unchanged
SEC ref. $273.02Est. basis $352.91
Q3 2021
New position897,749 reported shares
SEC ref. $272.94Est. basis $272.94
EAST WEST BANCORP INCEWBC
$358.4M
9.7%
+21.2%Est. vs filing basis
Unchanged
Reported shares2,776,351
Current price$129.37
SEC reference price$129.09
Estimated filing-based basis$106.76
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $129.09Est. basis $106.76
Q3 2025
Unchanged
SEC ref. $106.45Est. basis $0.06
Q2 2025
Unchanged
SEC ref. $100.98Est. basis $0.06
Q1 2025
Unchanged
SEC ref. $89.76Est. basis $0.06
Q4 2024
Unchanged
SEC ref. $95.76Est. basis $0.06
Q3 2024
Unchanged
SEC ref. $82.74Est. basis $0.06
Q2 2024
Unchanged
SEC ref. $73.23Est. basis $0.06
Q1 2024
Unchanged
SEC ref. $0.08Est. basis $0.06
Q4 2023
Unchanged
SEC ref. $0.07Est. basis $0.06
Q3 2023
Unchanged
SEC ref. $0.05Est. basis $0.06
Q2 2023
Increased 20.9%+480,051 reported shares
SEC ref. $0.05Est. basis $0.06
Q1 2023
New position2,296,300 reported shares
SEC ref. $0.06Est. basis $0.06
CROCS INCCROX
$107.0M
2.9%
+31.1%Est. vs filing basis
Unchanged
Reported shares887,093
Current price$108.83
SEC reference price$120.64
Estimated filing-based basis$83.02
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $120.64Est. basis $83.02
TENCENT MUSIC ENTERTAINMTME
$55.0M
1.5%
-14.9%Est. vs filing basis
Unchanged
Reported shares6,590,836
Current price$7.90
SEC reference price$8.35
Estimated filing-based basis$9.28
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $8.35Est. basis $9.28
APPLE INCAAPL
$32.0M
0.9%
+28.7%Est. vs filing basis
Unchanged
Reported shares110,600
Current price$326.57
SEC reference price$289.36
Estimated filing-based basis$253.79
Position historySEC quarter-end observations
Q2 2026
Unchanged
SEC ref. $289.36Est. basis $253.79
Q3 2025
Unchanged
SEC ref. $254.63Est. basis $174.61
Q2 2025
Unchanged
SEC ref. $205.17Est. basis $174.61
Q1 2025
Reduced 65.2%-207,100 reported shares
SEC ref. $222.13Est. basis $174.61
Q4 2024
Unchanged
SEC ref. $250.42Est. basis $174.61
Q3 2024
Reduced 58.2%-441,900 reported shares
SEC ref. $233.00Est. basis $174.61
Q2 2024
Unchanged
SEC ref. $210.62Est. basis $174.61
Q1 2024
Unchanged
SEC ref. $0.17Est. basis $174.61
Q4 2023
Unchanged
SEC ref. $0.19Est. basis $174.61
Q3 2023
Unchanged
SEC ref. $0.17Est. basis $174.61
Q2 2023
Unchanged
SEC ref. $0.19Est. basis $174.61
Q1 2023
Unchanged
SEC ref. $0.16Est. basis $174.61
Q4 2022
Unchanged
SEC ref. $0.13Est. basis $174.61
Q3 2022
Unchanged
SEC ref. $138.20Est. basis $174.61
Q2 2022
Unchanged
SEC ref. $136.72Est. basis $174.61
Q3 2021
Unchanged
SEC ref. $141.50Est. basis $132.69
Q2 2021
Unchanged
SEC ref. $136.96Est. basis $132.69
Q1 2021
Unchanged
SEC ref. $122.15Est. basis $132.69
Q4 2020
New position759,600 reported shares
SEC ref. $132.69Est. basis $132.69

Performance

Estimated 1Y performanceFiling-based estimate

+35.35%

Coverage 98% High coverage

Quarterly performanceBackend-published quarter legs within the 1Y estimate
2025-09-30+20.12%
2025-12-31+9.62%
2026-03-31-7.08%
2026-06-30+10.63%

Displayed legs are backend-ready filing-based estimates. They explain the path of the published 1Y result and are not summed or compounded in the browser.

MethodologyMIL_SEC_PERFORMANCE_V2_EXIT_AWARE_M2M
What this measures

Estimated return from standardized SEC-reported portfolio observations using the approved filing-based methodology. It is not an actual transaction-level or realized investor return.

Portfolio history

Q2 2026
$3.70B
8 positions
Q1 2026
$3.20B
14 positions
Q4 2025
$3.57B
9 positions
Q3 2025
$3.23B
9 positions
Q2 2025
$2.69B
9 positions

Methodology

1. Start with SEC filings

Official Form 13F filings and the canonical MarketInsiderLab filing record are authoritative. Unsupported or unverified data is withheld.

2. Use the verified filing denominator

Portfolio weights use the verified full filing total. Security identity and corporate-action continuity are reconciled before publication.

3. Compare verified quarter-end snapshots

Changes describe differences between verified SEC-reported quarter-end positions. They are not presented as exact buys, sells, trade dates, or execution prices.

4. Keep estimates clearly separated

Estimated filing-based basis and filing-based performance are backend-calculated research estimates, not actual execution prices or audited fund returns.

1-year performance is published only when four consecutive quarterly estimates pass QA and the weakest quarterly leg has at least 70% measurable coverage. Coverage of 90% or more is labeled High coverage; 70–89.9% is labeled Partial estimate. Lower-coverage estimates are withheld.

Li Lu Portfolio FAQ

How to interpret Himalaya Capital Management’s delayed SEC disclosures.

What does this page track?
It tracks Himalaya Capital Management’s publicly disclosed U.S.-listed Form 13F positions, not Li Lu’s personal investments or Himalaya Capital’s complete global portfolio.
Why are Alphabet’s two share classes combined?
Both Alphabet rows represent the same underlying company. They remain separate in the raw SEC data, but are combined for company-level concentration and the holdings chart.
Why is the latest confirmed snapshot Q2 2026?
The tracker displays the newest Form 13F currently present in Himalaya Capital Management’s SEC submissions. The page year identifies the current tracker, while the confirmed snapshot states the actual report period and filing date.
Does Form 13F show exact trade dates?
No. It shows reportable positions at quarter-end and is filed later. Changes are inferred by comparing consecutive reports.
MarketInsiderLab tracks what public filings actually show.

Research and context — not a recommendation to copy any investor’s trades.

Explore investor portfolios →

Li Lu Portfolio FAQ

How to interpret Himalaya Capital Management’s delayed SEC disclosures.

What does this page track?
It tracks Himalaya Capital Management’s publicly disclosed U.S.-listed Form 13F positions, not Li Lu’s personal investments or Himalaya Capital’s complete global portfolio.
Why are Alphabet’s two share classes combined?
Both Alphabet rows represent the same underlying company. They remain separate in the raw SEC data, but are combined for company-level concentration and the holdings chart.
Why is the latest confirmed snapshot Q2 2026?
The tracker displays the newest Form 13F currently present in Himalaya Capital Management’s SEC submissions. The page year identifies the current tracker, while the confirmed snapshot states the actual report period and filing date.
Does Form 13F show exact trade dates?
No. It shows reportable positions at quarter-end and is filed later. Changes are inferred by comparing consecutive reports.
MarketInsiderLab tracks what public filings actually show.Research and context — not a recommendation to copy any investor’s trades.
Explore investor portfolios →