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Li Lu

Himalaya Capital Management

Munger-backed value investor

📍 Seattle, WAEst. 1997💰 ~$5B AUM

$3.57B

Portfolio Value

9

Holdings

Q4 '25

Period

2026-02-17

Filed

📈

Simulated 13F Return

⚠️ Approximation

Total Return

+24.11%

Q4 '24Q3 '25

Annualized

+33.51%/yr

S&P: +18.77%/yr

Alpha (vs S&P)

+10.39%

3 quarters tracked

1-Year Return

⚠️ Approximation only. 13F filings are delayed ~45 days. Options, shorts, and intra-quarter trades not captured.

📈 Recent Activity

Changes from previous quarter

GOOGINCREASED
22.3% of portfolio
+4% shares+3.8pp
GOOGLREDUCED
21.6% of portfolio
-4% shares+2.4pp
CROXNEW
1.5% of portfolio
New position
SOCSOLD
was 0.7%
Sold out position
Filing price: $17.46

Sold Out (1)

SOLDSOCSABLE OFFSHORE CORPwas 0.73%@$17.46

📊 Sector Breakdown

Portfolio allocation by sector

Technology 59.3%Financials 28.7%Unknown 10.2%Energy 1.7%

💼 Holdings

🔍

9 of 9 positions · $3.57B

This quarter: 1 new position, increased 1, reduced 1, sold 1. Balanced activity.

GOOGINCREASED
22.3%
22.3% of portfolio (was 18.5%, added)
Filed ~$313
📄
GOOGLREDUCED
21.6%
21.6% of portfolio (was 19.1%, trimmed)
Filed ~$314
📄
16.1%
16.1% of portfolio
Filed ~$55
📄
14.6%
14.6% of portfolio
Filed ~$113
📄
12.6%
12.6% of portfolio
Filed ~$503
📄
8.7%
8.7% of portfolio
Filed ~$112
📄
1.7%
1.7% of portfolio
Filed ~$41
📄
CROXNEW
1.5%
1.5% of portfolio (new position)
Filed ~$86
📄
0.8%
0.8% of portfolio
Filed ~$272
📄

🚫 Sold Out (1 positions)

SOLDSOCSABLE OFFSHORE CORPwas 0.73%@$17.461343000 shares · $23.4M