Estimated from 13F holdings — long US equities only; follow-the-filing returns are net of an assumed 10 bps per unit of turnover.
About the fund
Himalaya Capital is an American investment management firm based in Seattle, Washington, founded by Li Lu in 1997. The firm focuses on long-term value investing, primarily in publicly traded companies in Asia and North America.
Investment approach
The firm employs value investing principles inspired by Benjamin Graham, Warren Buffett, and Charles Munger, focusing on long-term ownership of high-quality companies with substantial economic moats and growth potential. Analysts cover a limited number of companies in detail, reporting directly to Li Lu, who makes the final investment decisions. The firm emphasizes obtaining accurate and complete information, sometimes through direct engagement with company leadership.
History
Founded by Li Lu in 1997 as a hedge fund in New York City, the firm initially struggled during the Asian financial crisis. Following a partnership formed with Charlie Munger in 2003, the firm transitioned into a long-only investment vehicle focused on value investing. The firm relocated to Pasadena, California in 2007 and subsequently to Seattle, Washington in 2018.
Notable positions & campaigns
- BYD Company2002 — A defining long-term investment in the Chinese electric vehicle and battery manufacturer.
- Kweichow Moutai2004 — A significant long-term investment held by the firm.
Profile generated 2026-10-09 from public sources; may be incomplete or out of date.
- Founded by
- Li Lu
- Founded
- 1997
- HQ
- Seattle, United States
- Reported AUM
- $21.4bn (as of March 31, 2026)
- Website
- himcap.com
Management
- Li LuChairman
- Paul TengChief Compliance Officer
Holdings heatmap
Latest 13F (2026-06-30): top 8 positions grouped by sector, sized by weight, coloured by the change in weight since the previous 13F.
Holdings map
Each tile is a position, sized by reported value and coloured by the stock's own price return (red down, green up) — the LiquidRound / finviz-style map.
Copy portfolio vs SPY
Growth of $1 following each filing the trading day after it was filed.
Top holdings
Latest 13F (2026-06-30).
| # | Ticker | Value | Weight |
|---|---|---|---|
| 1 | GOOGL | $909M | 24.5% |
| 2 | GOOG | $866M | 23.4% |
| 3 | PDD | $821M | 22.2% |
| 4 | BRK-B | $555M | 15.0% |
| 5 | EWBC | $358M | 9.7% |
| 6 | CROX | $107M | 2.9% |
| 7 | TME | $55M | 1.5% |
| 8 | AAPL | $32M | 0.9% |
Sector mix
Top-25 holdings by weight.
Changes this quarter
| Move | Ticker | Prev wt | Now wt |
|---|---|---|---|
| added | PDD | 14.7% | 22.2% |
| exited | BAC | 4.6% | 0.0% |
| exited | OXY | 3.0% | 0.0% |
| exited | SPGI | 1.6% | 0.0% |
| exited | HRB | 1.6% | 0.0% |
| exited | MCO | 1.6% | 0.0% |
| added | BRK-B | 13.4% | 15.0% |
| exited | MSCI | 0.3% | 0.0% |
Quarterly copy returns
Each 13F held from the day after filing until the next filing.
| 13F period | Copy | SPY | Alpha | Coverage |
|---|---|---|---|---|
| 2026-06-30 | -2.5% | +0.4% | -2.9% | 99% |
| 2026-03-31 | -4.0% | +4.9% | -8.9% | 98% |
| 2025-12-31 | +11.7% | +7.9% | +3.8% | 100% |
| 2025-09-30 | +1.1% | +2.4% | -1.3% | 100% |
| 2025-06-30 | +18.0% | +4.7% | +13.3% | 100% |
| 2025-03-31 | +9.2% | +8.6% | +0.6% | 100% |
| 2024-12-31 | -4.7% | -2.5% | -2.1% | 100% |
| 2024-09-30 | +3.2% | +4.7% | -1.5% | 100% |
| 2024-06-30 | +11.6% | +6.2% | +5.4% | 100% |
| 2024-03-31 | -0.3% | +4.9% | -5.2% | 100% |
| 2023-12-31 | +14.2% | +5.6% | +8.5% | 100% |
| 2023-09-30 | +10.4% | +12.1% | -1.7% | 100% |
| 2023-06-30 | +3.4% | +1.9% | +1.5% | 100% |
| 2023-03-31 | +5.7% | +7.1% | -1.4% | 100% |
| 2022-12-31 | +4.7% | +0.7% | +4.0% | 100% |
| 2022-09-30 | -2.1% | +4.4% | -6.5% | 100% |
Filing dates
- 2026-08-1413F-HR for 2026-06-30 · $3.7B · 8 rows
- 2026-05-1513F-HR for 2026-03-31 · $3.2B · 14 rows
- 2026-02-1913F-HR/A for 2025-12-31 · $3.6B · 9 rows
- 2026-02-1713F-HR for 2025-12-31 · $3.6B · 9 rows
- 2025-11-1213F-HR for 2025-09-30 · $3.2B · 9 rows
- 2025-08-1413F-HR for 2025-06-30 · $2.7B · 9 rows
- 2025-05-1513F-HR for 2025-03-31 · $2.2B · 8 rows
- 2025-02-1413F-HR for 2024-12-31 · $2.7B · 8 rows
- 2024-11-1413F-HR for 2024-09-30 · $2.5B · 8 rows
- 2024-08-1413F-HR for 2024-06-30 · $2.6B · 7 rows
- 2024-05-1513F-HR for 2024-03-31 · $2.3B · 6 rows
- 2024-02-1413F-HR for 2023-12-31 · $2.1B · 6 rows
Use it with your AI
A public skill.md describes this copy portfolio (rules + parameters) for ChatGPT or Claude.
Copy this fund
Start a paper copy-bot that rebalances the day after each new filing.
Start a copy-bot