Li Lu
Himalaya Capital
Profile & Investment Philosophy
Li Lu, founder of Himalaya Capital Management, is one of the most respected investors in the world, managing capital for a select group including Charlie Munger, who called him "the only person I know who is a better investor than I am." His philosophy is a rigorous extension of the Buffett-Munger framework with a focus on Asia, particularly China. Li Lu seeks businesses with durable competitive advantages in industries with long growth runways — companies that can compound intrinsic value over decades. He focuses on technology-enabled businesses in China that combine structural growth with attractive valuations. His concentration is extreme: Himalaya typically holds fewer than 10 positions. Li Lu is known for holding positions through extreme volatility, drawing a sharp distinction between price risk (volatility) and business risk (permanent loss). His conviction in the Chinese consumer economy and technology ecosystem, built over decades, represents one of the most concentrated long-term macro bets among institutional investors.
Current Portfolio
LATEST 13FLatest SEC Form 13F filing. Total portfolio value: $3.6B. Holdings: 9 positions.
| Ticker / Security | Shares | Δ vs Prev | Value | Portfolio % |
|---|---|---|---|---|
| GOOGL Alphabet Inc. (Class A) | 2.54 | 0.00% | $796,050,000 | 22.30% |
| GOOG Alphabet Inc. (Class C) | 2.45 | 0.00% | $769,220,000 | 21.55% |
| BAC Bank of America Corporation | 10.43 | 0.00% | $573,730,000 | 16.07% |
| PDD PDD Holdings Inc. (Pinduoduo) | 4.61 | 0.00% | $522,500,000 | 14.64% |
| BRK.B Berkshire Hathaway Inc. | 0.90 | 0.00% | $451,250,000 | 12.64% |
| EWBC East West Bancorp, Inc. | 2.78 | 0.00% | $312,030,000 | 8.74% |
| OXY Occidental Petroleum Corporation | 1.47 | 0.00% | $60,300,000 | 1.68% |
| CROX Crocs, Inc. | 0.63 | NEW | $53,720,000 | 1.50% |
| AAPL Apple Inc. | 0.11 | 0.00% | $30,070,000 | 0.84% |
SOURCE: SEC Form 13F. See the live BMI Smart Money Tracker.