Li Lu
Q2 2026 13F: 8 holdings worth about $3.7B; that quarter 0 new, 2 added, 0 trimmed, 6 sold out.
13F lists only long positions in US-listed stocks (and some ETFs and convertibles); short positions, cash, bonds, shares listed outside the US and private companies are not shown, so this is not the giant’s whole portfolio.
Why This Giant Is Included
- Rule numbers (Q2 2026): 8 holdings, top 10 = 100%, stocks $3.7B, options 0%; all four rules met
- Source for the value approach: Himalaya Capital (Himalaya Capital Management LLC): “We embrace the value investment principles of Benjamin Graham, Warren Buffett, and Charles Munger” (checked 2026-10-11)
Trades in Q2 2026
Sorted by position shift: how many percentage points of the portfolio the trade moved.
How to Read This
Share changes are split-adjusted. Est. trade price = (start + end price) ÷ 2; 13F does not show the actual trade date or price.
| Move | Company | Change in shares | Position shift (pts) |
|---|---|---|---|
| Added | PDDPDD Holdings Inc | +6.15M | +12.68 |
| Sold out | BACBank of America Corp | −3.00M | −4.61 |
| Added | BRK.BBerkshire Hathaway Inc | +210.6K | +2.85 |
| Sold out | OXYOccidental Petroleum Corp | −1.47M | −1.92 |
| Sold out | HRBH&R Block Inc | −1.63M | −1.67 |
| Sold out | MCOMoody’s Corp | −117.8K | −1.44 |
| Sold out | SPGIS&P Global Inc | −121.5K | −1.34 |
| Sold out | MSCIMSCI Inc | −18.9K | −0.29 |
All Holdings (7 Companies)
Share classes of one company are combined; click a heading to re-sort.
How to Read This
Est. average cost: shares bought each quarter × (start + end price) ÷ 2, weighted; trims do not change the cost. Positions held before Q1 1999 (or the giant’s earliest electronic filing) start from that quarter’s price and are marked ‘start point’. vs cost = quarter-end price ÷ est. average cost − 1, excluding dividends.
| Company | Weight (prev.) | Value | This quarter | Quarter-end price | vs cost |
|---|---|---|---|---|---|
| GOOGLAlphabet Inc | 47.9%44.8% | $1.8B | Held | $357.37 | +265% |
| PDDPDD Holdings Inc | 22.2%14.7% | $820.9M | Added +134% | $76.28 | −23% |
| BRK.BBerkshire Hathaway Inc | 15.0%13.4% | $554.6M | Added +23% | $500.39 | +58% |
| EWBCEast West Bancorp | 9.7%9.3% | $358.4M | Held | $129.09 | +134% |
| CROXCrocs, Inc | 2.9%2.3% | $107.0M | Held | $120.64 | +43% |
| TMETencent Music Entertainment Group | 1.5%1.9% | $55.0M | Held | $8.35 | −38% |
| AAPLApple Inc | 0.9%0.9% | $32.0M | Held | $289.36 | +133% |
Portfolio Map: Size Is Weight, Colour Is Gain or Loss against Cost
How to Read This
Each block is a company (up to 60); area = portfolio weight. The darker the colour, the further the quarter-end price is above (or below) the estimated cost: light 5–25%, medium 25–100%, darkest over 100%; grey is within 5%.
Over Time
From Q4 2016, 35 quarters (this giant’s electronic 13F filings).
13F Value
Holdings
Top-10 Concentration
Turnover (Est.)
Sector Mix
Quarter by Quarter, with the Original Filings
* = not counted in that quarter’s totals. Links open the original SEC filing; 13F-HR/A is an amendment.
Show 35 Quarters
| Quarter | Holdings | 13F value | SEC |
|---|---|---|---|
| Q2 2026 | 8 | $3.7B | 13F-HR |
| Q1 2026 | 14 | $3.2B | 13F-HR |
| Q4 2025 | 9 | $3.6B | 13F-HR 13F-HR/A |
| Q3 2025 | 9 | $3.2B | 13F-HR |
| Q2 2025 | 9 | $2.7B | 13F-HR |
| Q1 2025 | 8 | $2.2B | 13F-HR |
| Q4 2024 | 8 | $2.7B | 13F-HR |
| Q3 2024 | 8 | $2.5B | 13F-HR |
| Q2 2024 | 7 | $2.6B | 13F-HR |
| Q1 2024 | 6 | $2.3B | 13F-HR |
| Q4 2023 | 6 | $2.1B | 13F-HR |
| Q3 2023 | 6 | $1.8B | 13F-HR |
| Q2 2023 | 6 | $1.8B | 13F-HR |
| Q1 2023 | 7 | $2.0B | 13F-HR |
| Q4 2022 | 6 | $1.9B | 13F-HR |
| Q3 2022 | 6 | $1.7B | 13F-HR |
| Q2 2022 | 6 | $1.9B | 13F-HR |
| Q1 2022 | 6 | $2.4B | 13F-HR |
| Q4 2021 | 6 | $2.7B | 13F-HR |
| Q3 2021 | 7 | $2.1B | 13F-HR |
| Q2 2021 * | 6 | $2.0B | 13F-HR |
| Q1 2021 * | 6 | $2.0B | 13F-HR |
| Q4 2020 * | 6 | $1.8B | 13F-HR |
| Q3 2020 * | 4 | $1.3B | 13F-HR |
| Q2 2020 * | 4 | $1.1B | 13F-HR |
| Q1 2020 * | 3 | $713.2M | 13F-HR |
| Q4 2019 * | 1 | $420.3M | 13F-HR |
| Q3 2018 * | 2 | $10.1M | 13F-HR |
| Q2 2018 * | 2 | $11.2M | 13F-HR |
| Q1 2018 * | 4 | $17.1M | 13F-HR |
| Q4 2017 * | 3 | $7.1M | 13F-HR |
| Q3 2017 * | 3 | $8.0M | 13F-HR |
| Q2 2017 * | 3 | $5.8M | 13F-HR |
| Q1 2017 * | 2 | $117.6M | 13F-HR |
| Q4 2016 * | 2 | $111.6M | 13F-HR |
Large Positions Sold Out
Positions that once made up 2% or more of the portfolio and were later sold out (latest 40): holding period and what became of the company, without profit or loss.
How to Read This
Sold out means the holding no longer appears on the 13F: it may have been sold, or the company was acquired or delisted. Company status is checked only for companies the giants together once held $100M or more of, from the company’s own SEC filings (for example 8-K item 1.03 = bankruptcy filing); a dash means not checked.
| Company | Held | Peak weight | Company since |
|---|---|---|---|
| BACBank of America Corp | Q1 2020 – Q2 2026 | 37% | — |
| OXYOccidental Petroleum Corp | Q2 2024 – Q2 2026 | 4% | — |
| MUMicron Technology Inc | Q4 2019 – Q2 2023 | 100% | — |
| METAMeta Platforms, Inc | Q2 2020 – Q2 2022 | 27% | — |
| PDDPDD Holdings Inc | Q4 2020 – Q4 2021 | 4% | — |