Himalaya Capital (Li Lu)

CIK: 0001709323 · Filing period: 2025-12-31

Steady Compounders

Li Lu is the investor Charlie Munger trusted with his own family's money. He runs a highly concentrated portfolio of businesses he understands deeply.

1.5×

Trust Weight

Positions

In our model

New

Increasing

Decreasing

Unchanged

In Our Model Portfolio

These holdings also appear in the Bogen Capital model

GOOGL 21.6%

Recent Moves

What Himalaya Capital opened, added to, or trimmed in their latest 13F — 9 position changes

GOOGL ALPHABET INC ▲ Added +4% 22.9% of port. GOOG ALPHABET INC ▼ Trimmed -4% 22.0% of port. BAC BK OF AMERICA CORP ▼ Trimmed -71% 4.6% of port. — CROCS INC ▲ Added +41% 2.3% of port. — TENCENT MUSIC ENTMT GROUP ● New 1.9% of port. XYZ BLOCK H & R INC ● New 1.6% of port. MCO MOODYS CORP ● New 1.6% of port. SPGI S&P GLOBAL INC ● New 1.6% of port. — MSCI INC ● New 0.3% of port.

Top 10 positions (% of portfolio)

Sector breakdown

All Holdings

9 positions, sorted by portfolio weight

← swipe to see all columns

#	Company	Ticker	Sector	% of Portfolio	Activity	Change
1	ALPHABET INC	GOOG	Technology	22.3%	▲ Increasing	+4%
2	ALPHABET INC	GOOGL	Technology	21.6%	▼ Decreasing	-4%
3	BK OF AMERICA CORP	BAC	Financials	16.1%	— Unchanged	—
4	PDD HOLDINGS INC	—	Other	14.6%	— Unchanged	—
5	BERKSHIRE HATHAWAY INC DEL	BRK-B	Other	12.6%	— Unchanged	—
6	EAST WEST BANCORP INC	—	Other	8.7%	— Unchanged	—
7	OCCIDENTAL PETE CORP	OXY	Energy	1.7%	— Unchanged	—
8	CROCS INC	—	Other	1.5%	● New	NEW
9	APPLE INC	AAPL	Technology	0.8%	— Unchanged	—

#1 ALPHABET INC 22.3%

GOOG · Technology ▲ Increasing +4%

#2 ALPHABET INC 21.6%

GOOGL · Technology ▼ Decreasing -4%

#3 BK OF AMERICA CORP 16.1%

BAC · Financials — Unchanged

#4 PDD HOLDINGS INC 14.6%

Other — Unchanged

#5 BERKSHIRE HATHAWAY INC DEL 12.6%

BRK-B · Other — Unchanged

#6 EAST WEST BANCORP INC 8.7%

Other — Unchanged

#7 OCCIDENTAL PETE CORP 1.7%

OXY · Energy — Unchanged

#8 CROCS INC 1.5%

Other ● New

#9 APPLE INC 0.8%

AAPL · Technology — Unchanged

⚠ Disclaimer: Holdings data from SEC EDGAR 13F filings for Himalaya Capital (Li Lu), delayed up to 135 days after quarter-end. This is not investment advice. The investor may have already changed these positions.

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