Li Lu - Himalaya Capital Management Portfolio
| Period Date | Mar 31, 2025 | |
| Filing Date | May 15, 2025 | |
| Total Stocks | 8 | |
| Portfolio Value | $2.21B |
Himalaya Capital Management Strategy Analysis
Investment Strategy Metrics
Key metrics revealing investment style, risk management, and performance characteristics
| Metric | Value | Category | Description |
|---|---|---|---|
| Holding Period | 8.9 months | Style | Average duration positions are maintained |
| Position Count | 9 | Style | Number of active positions in portfolio |
| Position Size | 14.9% | Risk | Typical allocation per position |
| Win Rate | 41.7% | Performance | Percentage of profitable positions |
| Average Return | -5.5% | Performance | Mean return across positions |
| Sharpe Ratio | -0.25 | Performance | Return per unit of risk taken |
Investment Case Study: BK OF AMERICA CORP (BAC)
3/31/2020 - 7/6/2025
Performance Metrics
Total Return: 3.45%
Holding Period: 1923 days
Max Position Size: $577,819,995.00
Position Weight: 28.15%
Key Events
3/31/2020: ENTRY(12,358,987.00 shares) @ $0.02
12/31/2021: INCREASE(2,228,000.00 shares) @ $0.04
3/31/2023: INCREASE(3,494,146.00 shares) @ $0.03
3/31/2025: DECREASE(-4,234,500.00 shares) @ $41.73
Investment Thesis
Entry Context: Initial position established based on fundamental analysis
Sector Conditions: Favorable market conditions in the sector
Risk Factors:
- Market volatility
- Sector-specific risks
Key Learnings
- Position sizing is critical for portfolio management
- Important to monitor sector exposure