Himalaya Capital Management 13F: Q2 2026 Portfolio — $3.70B Across 8 Positions

Himalaya Capital Management · Li Lu · Q2 2026

Adds to PDD and Berkshire while exiting six positions, keeping a fully top-10 concentrated portfolio

Reported value

$3.70B

Filed 2026-08-14

Positions

Quarter ended 2026-06-30

Top 10 weight

100.0%

New0Added2Trimmed0Exited6View the SEC filing

Form 13F reports long US-listed positions only, up to 45 days after quarter end. It excludes shorts, cash, and non-US holdings, so the live book can differ.

Himalaya Capital Management reported a $3.70B US-listed portfolio in its Q2 2026 Form 13F, filed with the SEC on 2026-08-14 for the quarter ended 2026-06-30. The book holds 8 positions, led by Alphabet at 24.5% of reported value; the top three together account for 70%. Against the Q1 2026 filing, the manager opened 0 new positions, added to 2, trimmed 0, and exited 6.

Top 8 holdings

Portfolio allocation

AlphabetGOOGL24.6%
AlphabetGOOG23.4%
Pdd HoldingsPDD22.2%
Berkshire HathawayBRK-B15.0%
East West BancorpEWBC9.7%
CrocsCROX2.9%
Tencent Music EntertainmTME1.5%
AppleAAPL0.9%

Share of reported 13F value

#	Holding	Action	Weight	Value	Shares vs prior quarter
1	AlphabetGOOGL	Unchanged	24.6%	$909M	0.0%
2	AlphabetGOOG	Unchanged	23.4%	$866M	0.0%
3	Pdd HoldingsPDD	Added	22.2%	$821M	+133.5%
4	Berkshire HathawayBRK-B	Added	15.0%	$555M	+23.5%
5	East West BancorpEWBC	Unchanged	9.7%	$358M	0.0%
6	CrocsCROX	Unchanged	2.9%	$107M	0.0%
7	Tencent Music EntertainmTME	Unchanged	1.5%	$55.0M	0.0%
8	AppleAAPL	Unchanged	0.9%	$32.0M	0.0%

Values and share counts as reported for 2026-06-30; weights are share of reported 13F value.

Actions compare share counts against the prior quarter's filing, so they do not move with price.

New positions and exits

New positions

No new positions this quarter.

Closed out

Bk Of America$146M
Occidental Pete$95.3M
S&P Global$51.7M
Block H & R$51.6M
Moodys$51.4M
Msci$10.2M

Read on the quarter

What the moves add up to

In Q2 2026 (period ended 2026-06-30), Himalaya Capital Management kept a highly concentrated structure, with the top 10 accounting for 100.0% of the portfolio across just 8 positions. The holding base remained anchored by Alphabet dual listings: Alphabet at 24.55% and Alphabet at 23.39%, both marked as holds.

The most consequential change was a rotation within that concentration: Pdd Holdings (PDD) was added and rose to a 22.17% weight, with share count up 133.5% on the quarter. Berkshire Hathaway (BRK-B) was also added to 14.98%, with share count up 23.5%. These increases occurred alongside exits of six names—Bk Of America (BAC), Occidental Pete (OXY), S&P Global (SPGI), Block H & R (HRB), Moodys (MCO), and Msci (MSCI)—while the remaining positions (East West Bancorp, Crocs, Tencent Music Entertainm, and Apple) were held.

Context

How to read this filing

A Form 13F is a quarterly snapshot institutional managers with over $100M in US-listed assets must file within 45 days of quarter end. It shows long equity positions only: no short book, no cash, no non-US listings, no timing inside the quarter. Treat it as a delayed map of where the manager's conviction sat on the reporting date — not a live portfolio, and not a buy list.

Positions may have changed since the reporting date. Weight changes also reflect price moves, not only buying or selling — the action tags on this page are derived from share counts, which do not move with price.