13F · As of Q2 2026 · filed 2026-08-14 · compared with Q1 2026

Himalaya Capital

Li Lu's fund

Himalaya Capital reported 8 US-listed positions worth $3.7B at the end of Q2 2026. The top three — Alphabet (24.5%), Alphabet (23.4%), PDD (22.2%) — make up 70.1% of the portfolio. Against Q1 2026 it opened 0 new positions, sold out of 6, added to 2 and trimmed 0.

$3.7BReported value
8Positions
0 / 6New / Sold out

Sold out

6
SecurityTickerValue ($)WeightSharesvs prior quarter
Bk Of AmericaBAC 146M—2,997,987 Sold out
Occidental PeteOXY 95.3M—1,466,500 Sold out
S&P GlobalSPGI 51.7M—121,463 Sold out
Block H & RHRB 51.6M—1,626,906 Sold out
MoodysMCO 51.4M—117,784 Sold out
MsciMSCI 10.2M—18,939 Sold out

Added to

2
SecurityTickerValue ($)WeightSharesvs prior quarter
PDDPDD 821M22.2%10,761,119 ▲ 134%
Berkshire HathawayBRK-B 555M15.0%1,108,318 ▲ 23%

All holdings

8
CSV ↓
SecurityTickerValue ($)WeightSharesvs prior quarter
AlphabetGOOGL 909M24.5%2,543,300 –
AlphabetGOOG 866M23.4%2,451,300 –
PDDPDD 821M22.2%10,761,119 ▲ 134%
Berkshire HathawayBRK-B 555M15.0%1,108,318 ▲ 23%
East West BancorpEWBC 358M9.68%2,776,351 –
CrocsCROX 107M2.89%887,093 –
Tencent Music EntertainmTME 55.0M1.49%6,590,836 –
AppleAAPL 32.0M0.86%110,600 –
Top 10 holdings by weight · Q2 2026
Alphabet24.5%Alphabet23.4%PDD22.2%Berkshir…15.0%East Wes…9.68%Crocs2.89%Tencent …1.49%Apple0.86%

If you had bought then

Q1 2026 → Q2 2026

Bought Himalaya Capital's top 10 holdings at the end of Q1 2026, in its weights, and they were +10.7% by the end of Q2 2026. The S&P 500 ETF (SPY) moved +14.8% over the same dates.

+10.7%Top 10, weighted
+14.8%S&P 500 (SPY)
-4.1%pDifference
StockWeightQ1 2026 endQ2 2026 endChange
Alphabet
23.9%$287.56$357.37+24.3%
Alphabet
23.0%$286.86$353.33+23.2%
PDD
15.4%$102.18$76.28-25.3%
Berkshire Hathaway
14.1%$479.20$500.39+4.4%
East West Bancorp
9.69%$106.76$129.09+20.9%
Bk Of America
4.78%$48.75$56.98+16.9%
Occidental Pete
3.12%$65.00$48.57-25.3%
Crocs
2.41%$83.02$120.64+45.3%
Tencent Music Entmt Group
2.00%$9.28$8.35-10.0%
S&P Global
1.69%$425.34$407.26-4.3%

Prices are the quarter-end values reported in 13F filings (value ÷ shares, median across tracked filers), adjusted for confirmed splits; dividends excluded. 13F shows only quarter-end holdings, so this is not the investor's actual return. Past performance does not indicate future results.

Questions

What is Himalaya Capital's largest holding?

Alphabet, 24.5% of reported US holdings ($909M) at the end of Q2 2026.

What did Himalaya Capital buy last quarter?

No new positions.

What did Himalaya Capital sell out of?

6 positions, including Bk Of America, Occidental Pete, S&P Global.

How current is this data?

It is Himalaya Capital's Form 13F for the quarter ending 2026-06-30, filed 2026-08-14. 13F filings are due 45 days after quarter end and list US-listed long positions only.

Restated and computed from SEC (13F, 13D/G, Form 4) and DART filings and NPS public data. Filings describe a past date and may differ from current holdings (13F: quarter end, up to 45 days later). Not investment advice.
Sources: SEC EDGAR, DART, data.go.kr (NPS), OpenFIGI. See Methodology for how figures are computed.