Smart Money
LL

Li Lu

Himalaya Capital·quality·Concentrated / activist
Accredited only

~mid teens since 1997

Portfolio value

$3.7B

Positions

8

Top 5 concentration

95%

New buys this quarter

0

Recent moves vs Mar 2026

$PDDAdded22.2%
$BRK-BAdded15%
$SPGISold out
$OXYSold out
$BACSold out
$MCOSold out
$HRBSold out
$MSCISold out

Holdings

StockMove% of portfolioValue
$GOOGL

ALPHABET INC

Held
24.5%
$909M
$GOOG

ALPHABET INC

Held
23.4%
$866M
$PDD

PDD HOLDINGS INC

Added
22.2%
$821M
$BRK-B

BERKSHIRE HATHAWAY INC DEL

Added
15%
$555M
$EWBC

EAST WEST BANCORP INC

Held
9.7%
$358M
$CROX

CROCS INC

Held
2.9%
$107M
$TME

TENCENT MUSIC ENTERTAINM

Held
1.5%
$55M
$AAPL

APPLE INC

Held
0.9%
$32M

Notable sell-outs this quarter: $SPGI, $OXY, $BAC, $MCO, $HRB, $MSCI

Source: SEC 13F via FMP · Jun 2026 report · 45-day filing delay. Long equity positions only. Not financial advice.