Himalaya Capital Management Portfolio - Jun 30, 2025

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Himalaya Capital Management, Li Lu, has built a diversified portfolio of 9 publicly traded holdings with a total market value of $2.7B as of Jun 30, 2025. This comprehensive analysis examines the latest 13F filing data to understand the investment strategy and recent portfolio adjustments.

The portfolio demonstrates a concentrated approach to stock selection, with the top holding representing 18.4% of the total portfolio value. The top 5 holdings account for 85.3% of the overall portfolio allocation.

Recent portfolio activity shows 10 significant position adjustments, indicating active portfolio management and strategic repositioning. These changes reflect the investor's response to market conditions and evolving investment thesis.

Portfolio Statistics

9
Total Holdings
$2.7B
Portfolio Value
Jun 30, 2025
Latest Filing
18.4%
Largest Position

Top Holdings Analysis

The portfolio's top holdings reveal the investor's core investment thesis and sector preferences. The largest position in BK OF AMERICA CORP (BAC) represents 18.4% of the total portfolio, valued at $493.6M.

Rank Symbol Company Value Portfolio % Change
1 BAC BK OF AMERICA CORP $493.6M 18.4% -24.7%
2 PDD PDD HOLDINGS INC $482.3M 17.9% +1168.8%
3 GOOGL ALPHABET INC $448.2M 16.7% -
4 BRK-B BERKSHIRE HATHAWAY INC DEL $436.1M 16.2% -
5 GOOG ALPHABET INC $434.8M 16.2% -

For a complete analysis of all holdings and detailed portfolio breakdown by sector and market cap, visit our comprehensive holdings page.

Recent Portfolio Activity

Recent portfolio adjustments provide insights into the investor's evolving strategy and market outlook. The following table shows the top 10 most significant position changes from recent reporting periods (out of 42 total transactions), sorted by the magnitude of change.

For a complete history of all portfolio transactions and detailed activity analysis, visit our comprehensive activity page.

Symbol Company Quantity Change Date Action
PDD PDD Holdings Inc. +4,608,000 Jun 30, 2025 BUY
BAC Bank of America Corporation -3,415,246 Jun 30, 2025 SELL
BAC Bank of America Corporation -4,234,500 Mar 31, 2025 SELL
GOOG Alphabet Inc. -592,700 Mar 31, 2025 SELL
AAPL Apple Inc. -207,100 Mar 31, 2025 SELL
SOC Sable Offshore Corp. +1,343,000 Sep 30, 2024 BUY
AAPL Apple Inc. -441,900 Sep 30, 2024 SELL
OXY Occidental Petroleum Corporatio +1,466,500 Jun 30, 2024 BUY
MU Micron Technology, Inc. -6,826,079 Jun 30, 2023 SELL
EWBC East West Bancorp, Inc. +480,051 Jun 30, 2023 BUY

Investment Strategy Insights

Himalaya Capital Management's investment approach can be analyzed through several key metrics. The portfolio's concentration in top holdings suggests a high-conviction investment strategy, with significant positions in companies that align with the investor's long-term thesis.

The largest position in BK OF AMERICA CORP (BAC) demonstrates strong conviction in this particular investment opportunity. Recent activity shows a decrease of 24.7% in this position, indicating active portfolio management and strategic positioning.

Portfolio turnover can be assessed through recent activity patterns. The 10 most significant transactions shown here (out of 42 total transactions) suggest a highly active approach to portfolio management, with frequent strategic adjustments and position changes.

Additional Analysis

Himalaya Capital Management's portfolio as of Jun 30, 2025 reflects a strategic approach to equity investing with 9 holdings valued at $2.7B. The concentrated position in BK OF AMERICA CORP and other top holdings demonstrates the investor's confidence in specific investment themes and long-term value creation opportunities. Recent activity indicates ongoing portfolio optimization and strategic repositioning.

For the most current portfolio data and detailed analysis, refer to the latest SEC 13F filings and our comprehensive holdings and activity pages, which are updated regularly with the latest filing information.

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