Himalaya Capital Management Portfolio Concentration: Li Lu's Holdings Analysis (March 2026)

As of March 31, 2026, Li Lu's portfolio at Himalaya Capital Management stood at approximately $3.2 billion, showcasing a distinct investment profile. This analysis focuses on the concentration within the portfolio, examining the largest holdings and their recent changes.

The portfolio demonstrates significant concentration, with Alphabet Inc represented by both its Class A (GOOGL) and Class C (GOOG) common stock dominating the holdings. Collectively, these two positions account for nearly 44.82% of the total portfolio value, highlighting a substantial allocation to the technology sector, specifically the Communication Services segment.

Alphabet Inc (GOOGL) represents the largest single holding, with a portfolio allocation of 22.85%. The position saw an increase in shares during the prior period, with a positive change in shares and a corresponding increase in value. Conversely, Alphabet Inc (GOOG) holds the second-largest position at 21.97% allocation. This stock experienced a decrease in shares, but interestingly, its portfolio percentage allocation remains relatively stable compared to the share reduction.

Bank of America Corporation (BAC) is another significant holding, classified under Financial Services, representing 4.57% of the portfolio. This position saw a substantial reduction in shares (-7,433,340 shares) and a significant percentage change (-71.26%), indicating a major shift away from this stock during the period.

Outside the dominant technology and financial services sectors shown by the largest holdings, the portfolio includes several smaller but notable positions. Holdings in Tencent Music Entertainment Group (TME), S&P Global Inc (SPGI), Block Holdings & Retail Inc (HRB), Moody's Corporation (MCO), and MSCI Inc (MSCI) each represent less than 2% of the portfolio but show interesting activity. Several of these positions, including TME, SPGI, HRB, MCO, and MSCI, saw their share counts increase by 100% compared to the prior period, suggesting potential new additions or significant boosts to these smaller allocations.

For a detailed view of Li Lu's investment activities, visit the investor profile on Insiderset: https://www.insiderset.com/investor/li-lu-himalaya-capital-management. For specific information on any stock holding, such as Alphabet Inc (GOOGL) https://www.insiderset.com/investors/stocks/GOOGL, Alphabet Inc (GOOG) https://www.insiderset.com/investors/stocks/GOOG, Bank of America Corporation (BAC) https://www.insiderset.com/investors/stocks/BAC, or Tencent Music Entertainment Group (TME) https://www.insiderset.com/investors/stocks/TME, please refer to the respective stock profiles on Insiderset.