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Q2 2026 holdings · 9 filings on record
Himalaya Capital Management
Li Lu
Himalaya Capital is the investment firm founded by Li Lu, its chairman and manager of its principal fund. It follows the value-investing tradition associated with Benjamin Graham, Warren Buffett and Charlie Munger, with an emphasis on understanding businesses and waiting for attractive opportunities. The firm primarily researches publicly traded companies in Asia and North America, seeking lasting competitive advantages, growth potential and trustworthy management. Its clients include endowments, foundations, family offices, individuals and pension plans. Li's stated approach favors patient ownership and committing meaningfully when conviction is high.
AI-written, awaiting an editor · as of Sep 14, 2026 · not from the filings · 1 source
- Himalaya Capital: firm, philosophy and management himcap.com ↗
Held on Jun 30, now 108 days oldReported to the SEC Aug 14, 2026Next filing due Nov 14 · 29 days
US-listed stocks held$3.7B
Positions8
Behaves like5.1equal-sized positions
Top 10 holdings100.0%of the total
Holdings
On June 30, 2026, Himalaya Capital Management held 8 positions in US-listed stocks worth $3.7 billion.
What this filing cannot show
A 13F is a partial picture. Here is the part that is missing.
It lists long positions in US-listed stocks and options only. Not short positions, cash, ordinary bonds, anything listed only abroad, anything private, or anything bought and sold inside the quarter.
What is a 13F?
A quarterly SEC filing where large investment managers list the long positions in US-listed stocks and options they held at the end of the quarter. It is a snapshot, filed up to 45 days after that date.
Why is this list weeks old?
Managers have 45 days after each quarter ends to file, and most of the funds we track file on the last permitted day. So the newest list still describes where the fund stood weeks ago, and the market has moved since.
What does “behaves like” mean?
How many equal-sized positions would be exactly this concentrated. Ten positions of the same size behave like 10. Ten positions where one holds most of the money behave like fewer than 2. It is 1 divided by the sum of each position’s squared share of the total.
Why are two lines sometimes the same company?
Each line is one security as the manager filed it. Two share classes of one company, or a company’s stock and its convertible notes, are separate lines in the filing, and they stay separate here.
Filing history
9 filings on record.
| Quarter ended | Reported to the SEC | Positions | Source |
|---|---|---|---|
| Jun 30, 2026 | Aug 14, 2026 | 8 | Open the SEC filing ↗ |
| Mar 31, 2026 | May 15, 2026 | 14 | Open the SEC filing ↗ |
| Dec 31, 2025 | Feb 19, 2026 | 9 | Open the SEC filing ↗ |
| Sep 30, 2025 | Nov 12, 2025 | 9 | Open the SEC filing ↗ |
| Jun 30, 2025 | Aug 14, 2025 | 9 | Open the SEC filing ↗ |
| Mar 31, 2025 | May 15, 2025 | 8 | Open the SEC filing ↗ |
| Dec 31, 2024 | Feb 14, 2025 | 8 | Open the SEC filing ↗ |
| Sep 30, 2024 | Nov 14, 2024 | 8 | Open the SEC filing ↗ |
| Jun 30, 2024 | Aug 14, 2024 | 7 | Open the SEC filing ↗ |
Where a manager later amended a filing, the date shown is the amendment’s. Every filing from this fund at the SEC ↗
⚠️ Public information, sourced from SEC 13F filings. A 13F shows long US-listed positions only; it cannot show shorts, cash, ordinary bonds, foreign lines, or anything bought and sold within the quarter. Values are the manager’s own quarter-end figures, filed up to 45 days later. Not financial advice.