Fondamentix

Li Lu

Himalaya Capital Management. Portfolio reported in the 13F as of June 30, 2026.

$3.7B
reported value
8
positions
94.8%
in the top 5
+$168.4M
last quarter balance

How the portfolio is split

Weight of each sector on the reported value.

  • Consumer Cyclical
  • Communication Services
  • Financial Services
  • Technology
  • Other and unclassified
Q2 2026
25.1%
23.4%
9.7%
41.0%
Q1 2026
17.0%
22.0%
17.4%
42.8%
Q4 2025
16.1%
21.6%
24.8%
36.6%
Q3 2025
18.9%
18.5%
25.8%
36.0%

How much they buy and sell

Estimate of the money put in and taken out each quarter. The balance tells whether they are investing or cashing in.

  • Purchases
  • Sales
$0.0
Q3 2025
+$30.3M
Q4 2025
-$114.8M
Q1 2026
+$168.4M
Q2 2026

Positions over the last 4 quarters

Weight of each position in the portfolio. The last column estimates how much they bought or sold compared with the previous quarter.

CompanyBought / sold
  • ALPHABET INC
    GOOGLnot in our list
    0
    Q3 2025
    19.1%
    Q4 2025
    22.3%
    Q1 2026
    22.8%
    Q2 2026
    24.5%
  • Alphabet Inc.
    GOOG Communication Services
    0
    Q3 2025
    18.5%
    Q4 2025
    21.6%
    Q1 2026
    22.0%
    Q2 2026
    23.4%
  • PDD Holdings Inc.
    PDD Consumer Cyclical
    +$469.4M
    +133.5%
    Q3 2025
    18.9%
    Q4 2025
    14.6%
    Q1 2026
    14.7%
    Q2 2026
    22.2%
  • BERKSHIRE HATHAWAY INC DEL
    BRK/Bnot in our list
    +$105.4M
    +23.5%
    Q3 2025
    14.0%
    Q4 2025
    12.6%
    Q1 2026
    13.4%
    Q2 2026
    15.0%
  • East West Bancorp, Inc.
    EWBC Financial Services
    0
    Q3 2025
    9.1%
    Q4 2025
    8.7%
    Q1 2026
    9.3%
    Q2 2026
    9.7%
  • Crocs, Inc.
    CROX Consumer Cyclical
    0
    Q3 2025
    –
    Q4 2025
    1.5%
    Q1 2026
    2.3%
    Q2 2026
    2.9%
  • TENCENT MUSIC ENTERTAINM
    TMEnot in our list
    0
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    1.9%
    Q2 2026
    1.5%
  • Apple Inc.
    AAPL Technology
    0
    Q3 2025
    0.9%
    Q4 2025
    0.8%
    Q1 2026
    0.9%
    Q2 2026
    0.9%
Closed in the period
  • Bank of America Corp
    BAC Financial Services
    -$146.2M
    closed
    Q3 2025
    16.7%
    Q4 2025
    16.1%
    Q1 2026
    4.6%
    Q2 2026
    –
  • Occidental Petroleum Corp
    OXY Energy
    -$95.3M
    closed
    Q3 2025
    2.1%
    Q4 2025
    1.7%
    Q1 2026
    3.0%
    Q2 2026
    –
  • S&P Global Inc
    SPGI Financial Services
    -$51.7M
    closed
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    1.6%
    Q2 2026
    –
  • BLOCK H & R INC
    HRBnot in our list
    -$51.6M
    closed
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    1.6%
    Q2 2026
    –
  • Moody's Corp
    MCO Financial Services
    -$51.4M
    closed
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    1.6%
    Q2 2026
    –
  • MSCI Inc
    MSCI Financial Services
    -$10.2M
    closed
    Q3 2025
    –
    Q4 2025
    –
    Q1 2026
    0.3%
    Q2 2026
    –
  • SABLE OFFSHORE CORP
    SOCnot in our list
    -$23.4M
    closed
    Q3 2025
    0.7%
    Q4 2025
    –
    Q1 2026
    –
    Q2 2026
    –

Data from 13F filings with the SEC. The 13F lists only US stocks held long: no short positions, foreign stocks not listed in the US or cash. It is filed up to 45 days after the quarter ends and some positions may stay confidential. Purchases and sales are estimates: the difference in shares between two quarters times the quarter-end price.