Himalaya Capital Management LLC

Superinvestor · Li Lu

CIK

1709323

Location

SEATTLE, WA

Portfolio Value

Mid $2,495,260,949

Diversification

Moderately concentrated

Filing Date

Global Rank

#1,059 / 8,603 ▼ 77 · as of Mar 2026

Top Industry

Internet Content & Information 31.8%

3Y Alpha vs SPY

+4.2%

Period ended 3 months ago

Filed May 15, 2026 · 55d

25 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+98.1%

SPY

+76.0%

Annualised alpha

+4.9%

Max drawdown

−21.0%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

13 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025

Top Position

29.3%

+0.9 pts

Top 5

83.2%

−11.7 pts

Top 10

96.5%

−3.5 pts

HHI

1,731

Moderately concentrated−239

Portfolio Trend

25 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2026

Sector	% Portfolio	Value	Positions
Financial Services	39.4%	$983,225,073	6
Communication Services	31.8%	$792,514,306	2
Consumer Cyclical	23.9%	$596,129,896	3
Energy	3.8%	$95,322,500	1
Technology	1.1%	$28,069,174	1

Last Quarter's Activity

Export CSV

Mar 31, 2026 vs Dec 31, 2025

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
CROX	Crocs, Inc.	+258,934	887,093	$73,646,460
No positions match the current search.

Trimmed

Positions the filer reduced

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
BAC	Bank Of America Corp /De/	−7,433,400	2,997,987	$146,151,866
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
TME	Tencent Music Entertainment Group	6,590,836	$61,162,958
HRB	H&R Block Inc	1,626,906	$51,637,996
MCO	Moodys Corp /De/	117,784	$51,383,270
SPGI	S&P Global Inc.	121,463	$48,877,075
MSCI	MSCI Inc.	18,939	$10,208,310
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

13 positions · $2,495,260,949 total · as of Mar 31, 2026

All sectors Communication Services Consumer Cyclical Energy Financial Services Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Est. Price	% of Portfolio
GOOGL	Alphabet Inc. Communication Services	Held	2,543,300	0	$731,351,348	−8.1%	$314.21	29.31%
PDD	PDD Holdings Inc. Consumer Cyclical	Held	4,608,000	0	$470,845,440	−9.9%	$105.11	18.87%
BRK-B	Berkshire Hathaway Inc Financial Services	Held	897,749	0	$430,201,320	−4.7%	$490.90	17.24%
EWBC	East West Bancorp Inc Financial Services	Held	2,776,351	0	$296,403,232	−5.0%	$112.79	11.88%
BAC	Bank Of America Corp /De/ Financial Services	Reduced	2,997,987	-7,433,400	$146,151,866	−74.5%	$51.60	5.86%
OXY	Occidental Petroleum Corp /De/ Energy	Held	1,466,500	0	$95,322,500	+58.1%	$50.29	3.82%
CROX	Crocs, Inc. Consumer Cyclical	Added	887,093	+258,934	$73,646,460	+37.1%	$85.65	2.95%
TME	Tencent Music Entertainment Group Communication Services	NEW	6,590,836	NEW	$61,162,958	NEW	$14.78	2.45%
HRB	H&R Block Inc Consumer Cyclical	NEW	1,626,906	NEW	$51,637,996	NEW	$34.85	2.07%
MCO	Moodys Corp /De/ Financial Services	NEW	117,784	NEW	$51,383,270	NEW	$473.05	2.06%
SPGI	S&P Global Inc. Financial Services	NEW	121,463	NEW	$48,877,075	NEW	$439.22	1.96%
AAPL	Apple Inc. Technology	Held	110,600	0	$28,069,174	−6.6%	$260.25	1.12%
MSCI	MSCI Inc. Financial Services	NEW	18,939	NEW	$10,208,310	NEW	$563.88	0.41%