 | |
Li Lu13F | |
| Himalaya Capital Management LLC | |
| Last update 2024-08-14 | 7 Stocks (1 new) |
| Value $2.56 Bil | Turnover 4 % |
| Portfolio Report | |
Li Lu Profile
Born and raised in China, Li Lu attended Columbia University, where he received three degrees simultaneously: B.A., J.D., and M.B.A. from Columbia College, Law School and Business School. In 1997, he founded Himalaya Capital, a multibillion-dollar investment firm that primarily focuses on long-term investment opportunities in Asia and the U.S.
Li Lu currently serves as a member of the Board of Trustees of Columbia University and a member of the Board of Trustees of California Institute of Technology (Caltech). He is also a member of the Committee of 100, the Council on Foreign Relations and an Aspen Institute Henry Crown Fellow. He is featured in the Smithsonian Institute's Family of Voices, part of the ongoing Many Voices, One Nation exhibition at the National Museum of American History.
He is the author of "Moving The Mountain: My Life in China" (1990 in English) and "Civilization, Modernization, Value Investing---and China" (2020 in Chinese).
Li Lu currently serves as a member of the Board of Trustees of Columbia University and a member of the Board of Trustees of California Institute of Technology (Caltech). He is also a member of the Committee of 100, the Council on Foreign Relations and an Aspen Institute Henry Crown Fellow. He is featured in the Smithsonian Institute's Family of Voices, part of the ongoing Many Voices, One Nation exhibition at the National Museum of American History.
He is the author of "Moving The Mountain: My Life in China" (1990 in English) and "Civilization, Modernization, Value Investing---and China" (2020 in Chinese).
Li Lu Investing Philosophy
Li Lu's firm embraces the value investment principles of Benjamin Graham, Warren Buffett and Charlie Munger. It primarily focuses on publicly traded companies in Asia, with an emphasis on China. The firm aims to achieve superior returns by being long-term owners of high-quality companies with a substantial “economic moat,” great growth potential and are run by trustworthy people.
Li Lu said, "In making investments, I have always believed that you must act with discipline whenever you see something you truly like. To explain this philosophy, Buffett/Munger likes to use a baseball analogy that I find particularly illuminating, though I myself am not at all a baseball expert. Ted Williams is the only baseball player who had a .400 single-season hitting record in the last seven decades. In the Science of Hitting, he explained his technique. He divided the strike zone into 77 cells, each representing the size of a baseball. He would insist on swinging only at balls in his ‘best’ cells, even at the risk of striking out, because reaching for the ‘worst’ spots would seriously reduce his chances of success."
Li Lu said, "In making investments, I have always believed that you must act with discipline whenever you see something you truly like. To explain this philosophy, Buffett/Munger likes to use a baseball analogy that I find particularly illuminating, though I myself am not at all a baseball expert. Ted Williams is the only baseball player who had a .400 single-season hitting record in the last seven decades. In the Science of Hitting, he explained his technique. He divided the strike zone into 77 cells, each representing the size of a baseball. He would insist on swinging only at balls in his ‘best’ cells, even at the risk of striking out, because reaching for the ‘worst’ spots would seriously reduce his chances of success."
Li Lu Top Holdings of 2024-06-30
View Full List
| Ticker | | Company | Shares | Value ($1000) | Shares Change % | Weighting % | Trade Impact % | % of Shares outstanding | 3M Change % | YTD Change % | Market Cap $Mil | Industry |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BAC | Bank of America Corp | 18,081,133 | 719086.660 | 0% | 28.070 | 0% | 0.230 | +18.88% | +36.69% | 346277.056 | Banks | |
GOOG | Alphabet Inc | 3,044,000 | 558330.480 | 0% | 21.800 | 0% | 0.020 | +9.92% | +27.94% | 2191538.690 | Interactive Media | |
GOOGL | Alphabet Inc | 2,543,300 | 463262.100 | 0% | 18.080 | 0% | 0.020 | +10.22% | +27.99% | 2191538.690 | Interactive Media | |
BRK.B | Berkshire Hathaway Inc | 897,749 | 365204.290 | 0% | 14.260 | 0% | 0.040 | +7.39% | +29.93% | 999724.216 | Insurance | |
EWBC | East West Bancorp Inc | 2,776,351 | 203312.180 | 0% | 7.940 | 0% | 2.000 | +30.50% | +45.50% | 14121.485 | Banks | |
AAPL | Apple Inc | 759,600 | 159986.950 | 0% | 6.250 | 0% | 0.000 | +6.64% | +18.46% | 3430687.188 | Hardware | |
OXY | Occidental Petroleum Corp | 1,466,500 | 92433.500 | New Holding | 3.610 | +3.61% | 0.160 | -13.30% | -14.39% | 47254.460 | Oil & Gas |
Li Lu's Historical Top Holdings Breakdowns
Li Lu's Top Stock Picks
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| Ticker | | Company | Date | Action | Impact % | Price Range | Price | Price Change from Avrg% | Comment | Current Shares | Share Change |
|---|---|---|---|---|---|---|---|---|---|---|---|
OXY | Occidental Petroleum Corp | 2024-06-30 | New Buy | +3.61% | 59.48 ($64.13) 69.26 | $50.53 | -21.21% | New holding | 1,466,500 | 1,466,500 | |
MU | Micron Technology Inc | 2023-06-30 | Sold Out | -20.20% | 57.02 ($64.22) 73.93 | $111.94 | 74.31% | Sold Out | 0 | -6,826,079 | |
EWBC | East West Bancorp Inc | 2023-06-30 | Add | +1.41% | 41.39 ($50.82) 55.69 | $101.88 | 100.47% | Add 20.91% | 2,776,351 | 480,051 | |
MU | Micron Technology Inc | 2023-03-31 | Reduce | -12.06% | 50.37 ($58.6) 63.87 | $111.94 | 91.02% | Reduce -40.52% | 6,826,079 | -4,650,444 | |
EWBC | East West Bancorp Inc | 2023-03-31 | New Buy | +6.25% | 51.82 ($69.02) 79.96 | $101.88 | 47.61% | New holding | 2,296,300 | 2,296,300 | |
BAC | Bank of America Corp | 2023-03-31 | Add | +4.90% | 26.97 ($33.01) 36.77 | $45.13 | 36.72% | Add 23.95% | 18,081,133 | 3,494,146 | |
GOOGL | Alphabet Inc | 2022-12-31 | Add | +7.30% | 83.43 ($95.03) 104.48 | $178.35 | 87.68% | Add 168.28% | 2,543,300 | 1,595,300 |
Li Lu Total Holding History ($B)
Li Lu's Asset Allocation
Li Lu Past Portfolios
| Portfolio Date | Number of Stocks | New Stocks | Total Value ($Mil) | Q/Q Turnover |
|---|---|---|---|---|
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Li Lu's Hypothetical Growth since 2024-06-30
Li Lu's Yearly Returns
| Year | Portfolio % | % | Excess Gain % |
|---|
Li Lu's Holdings Heat Map
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Li Lu's Holdings Bubble Chart
Li Lu News
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