Himalaya Capital
Li LuSEATTLE, WAfiles as Himalaya Capital Management LLC
$3.7bn in 8 US stocks at the end of 30 June 2026. The top 10 are 100.0% of the money. It changed about 13.1% of the portfolio this quarter.
Value
$3.7bn
Stocks
8
Top 10 share
100.0%
Turnover
13.1%
What changed this quarter
New
Bought for the first time this quarter.
None this quarter.
Added
Bought more of a stock they already held.
- PDD HoldingsPDD22.2% of the fund+134%
- Berkshire HathawayBRK-B15.0% of the fund+23%
Cut
Sold some of their stake.
None this quarter.
Sold out
Sold their entire stake.
- Bank of AmericaBAC-100%
- Occidental PetroleumOXY-100%
- S&P GlobalSPGI-100%
- H&R BlockHRB-100%
- Moody'sMCO-100%
- MsciMSCI-100%
Holdings
- PDD HoldingsPDD
- Share
- 22.2%
- Value
- $821m
- Shares
- 10,761,119
+134%
- Tencent Music Entmt GroupTME
- Share
- 1.5%
- Value
- $55m
- Shares
- 6,590,836
Held
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| AlphabetGOOGL | 24.5% | $909m | 2,543,300 | Held |
| AlphabetGOOG | 23.4% | $866m | 2,451,300 | Held |
| PDD HoldingsPDD | 22.2% | $821m | 10,761,119 | +134% |
| Berkshire HathawayBRK-B | 15.0% | $555m | 1,108,318 | +23% |
| East West BancorpEWBC | 9.7% | $358m | 2,776,351 | Held |
| CrocsCROX | 2.9% | $107m | 887,093 | Held |
| Tencent Music Entmt GroupTME | 1.5% | $55m | 6,590,836 | Held |
| AppleAAPL | 0.9% | $32m | 110,600 | Held |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 37.7% since 30 June 2025.
Where the money is
Media & telecom47.9%
Financial services24.7%
Retail & consumer2.9%
Technology0.9%
Other23.7%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.