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Value style

Li Lu

Himalaya Capital · Buys great companies for less than they're really worth and holds for the long run

13F report Q2 2026Filed with the SEC on 2026-08-14
Portfolio value (US stocks)
$3.7B
Stocks held
8
New / Added
0 / 2
Trimmed / Sold out
0 / 6

Top 5 holdings: GOOGL 24.5%, GOOG 23.4%, PDD 22.2%, BRK/B 15.0%, EWBC 9.7%

Holdings in or near the buy zone today

From stocks Li Lu holds · latest close

See all

Price levels and picks are calculated automatically with the same formula for every stock — for education only, not a recommendation to buy or sell. · How it's calculated

Trades in Q2 2026

Compared with the previous quarter's report

PDD

PDD HOLDINGS INC

14.7% → 22.2%
Shares +134%
BRK/B

BERKSHIRE HATHAWAY INC DEL

13.4% → 15.0%
Shares +23%

All holdings

Weight = value of that stock ÷ total value of US stocks in the report

GOOGLHeldHit target T1

ALPHABET INC · Communication Services

24.5%
$909M
Since report -2.0%
GOOGHeldNear target

ALPHABET INC · Communication Services

23.4%
$866M
Since report -1.9%
PDDAdded

PDD HOLDINGS INC · Consumer Cyclical · shares +134%

22.2%
$821M
Since report +1.7%
BRK/BAdded

BERKSHIRE HATHAWAY INC DEL · Financial Services · shares +23%

15.0%
$555M
Since report -0.0%
EWBCHeld

EAST WEST BANCORP INC

9.7%
$358M
CROXHeldNear buy zone

CROCS INC · Consumer Cyclical

2.9%
$107M
Since report -1.7%
TMEHeld

TENCENT MUSIC ENTERTAINM

1.5%
$55M
AAPLHeld

APPLE INC · Technology

0.9%
$32M
Since report +16.9%

Portfolio value over time

Each quarter per the 13F report (value at quarter end)

Latest $3.7B

Q1 20258 stocks
Q2 20259 stocks
Q3 20259 stocks
Q4 20259 stocks
Q1 202614 stocks
Q2 20268 stocks
Top holdings’ weight over time
QuarterGOOGLGOOGPDDBRK/BEWBC
Q2 202624.5%23.4%22.2%15.0%9.7%
Q1 202622.8%22.0%14.7%13.4%9.3%
Q4 202521.6%22.3%14.6%12.6%8.7%
Q3 202519.1%18.5%18.9%14.0%9.1%
Q2 202516.7%16.2%17.9%16.2%10.4%
Q1 202517.8%17.3%–21.6%11.3%

Sector breakdown

Communication Services
47.9%
Consumer Cyclical
25.1%
Financial Services
15.0%
Other / funds / unknown
11.2%
Technology
0.9%

Other whales

13F reports show only US stocks held at quarter end and can be filed up to 45 days late · They exclude short sales, options and other assets · For educational purposes only — not investment advice