Li Lu

Biography

Li Lu was born in Tangshan, China, in 1966 and was a student leader in the 1989 Tiananmen Square protests before leaving for the United States, where he earned a BA, MBA and JD from Columbia University. After working in investment banking at Donaldson, Lufkin & Jenrette, he founded Himalaya Capital in Seattle in 1997 and has managed its principal fund since then. The firm follows the value principles of Benjamin Graham, Warren Buffett and Charlie Munger, investing mainly in listed companies in Asia and North America; Munger was an investor in the fund and Li introduced BYD to Munger and Buffett.

In their own words

Himalaya Capital’s largest US holdings

From the Q2 2026 13F, worth $3.7bn in total. See every holding and change

1. AlphabetGOOG47.9%
2. PDD HoldingsPDD22.2%
3. Berkshire HathawayBRK.B15.0%
4. East West BancorpEWBC9.7%
5. CrocsCROX2.9%
6. Tencent Music Entertainment GroupTME1.5%
7. AppleAAPL0.9%