13 hrs ago
Li Lu Exits Bank of America, Expands Pinduoduo Bet
Li Lu runs an investment firm called Himalaya Capital.
People sometimes call him the Chinese Warren Buffett because of his investing style and connections to Warren Buffett and Charlie Munger.
In a filing dated June 30, 2026, Himalaya reported owning eight stocks worth about $3.7 billion.
The firm bought much more of Pinduoduo, a Chinese e-commerce company.
It also increased its investment in Berkshire Hathaway.
At the same time, Himalaya sold all of its shares in six companies, including Bank of America.
Alphabet’s two types of shares were the largest combined part of the portfolio.
These changes indicate more investment in Chinese consumer businesses and Berkshire Hathaway, alongside less exposure to several U.S. financial and data-services companies.
Himalaya Capital reported an eight-stock portfolio worth $3.7 billion as of June 30, 2026.
Pinduoduo became a major holding after Himalaya increased its stake by 133.53%.
Himalaya also raised its Berkshire Hathaway Class B position by 23.46%.
The firm exited Bank of America, Occidental Petroleum, H&R Block, Moody’s, S&P Global, and MSCI.
Alphabet’s Class A and Class C shares together represented nearly half of the portfolio.
- Who
- Li Lu’s Himalaya Capital Management.
- What
- The firm increased its Pinduoduo and Berkshire Hathaway holdings while exiting six other stocks.
- Where
- The portfolio spans companies in the United States and China.
- When
- The changes were reported for the quarter ending June 30, 2026.
- Why
- The changes increased exposure to Pinduoduo, Berkshire Hathaway, and selected consumer businesses while reducing exposure to several U.S. financial and data-services companies.
Key facts
- Portfolio value
- $3,702,920,000 across eight stocks
- Portfolio date
- June 30, 2026
- Largest holding
- Alphabet Class A shares, representing 24.55%
- Combined Alphabet weighting
- Alphabet Class A and Class C shares represented 47.94% of the portfolio
- Largest purchase
- Pinduoduo; stake increased by 133.53%, with 6,153,119 shares added
- Other purchase
- Berkshire Hathaway Class B; stake increased by 23.46%, with 210,569 shares added
- Complete exits
- Bank of America, Occidental Petroleum, H&R Block, Moody’s, S&P Global, and MSCI
Sources
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