{
  "data": {
    "slug": "li-lu",
    "name": "Li Lu",
    "fund": "Himalaya Capital",
    "role": "Founder",
    "philosophy": "Long-term value, China expertise, Charlie Munger's protégé.",
    "bio": "Tiananmen Square protest leader turned fund manager. Charlie Munger called him 'the Asian Warren Buffett.'",
    "longest_holding": "Bank of America (since 2009)",
    "quality_score": 8,
    "cagr_10y": 11.1,
    "holdings": [
      {
        "ticker": "BAC",
        "name": "Bank of America",
        "pct": 27.4,
        "shares_mn": 12,
        "thesis": "15-year holding. Deep conviction in US banking franchise."
      },
      {
        "ticker": "GOOG",
        "name": "Alphabet",
        "pct": 17.1,
        "shares_mn": 0.5,
        "thesis": "Quality compounder + AI optionality."
      },
      {
        "ticker": "BRK.B",
        "name": "Berkshire Hathaway",
        "pct": 16.2,
        "shares_mn": 1.2,
        "thesis": "Following the master."
      },
      {
        "ticker": "META",
        "name": "Meta Platforms",
        "pct": 11.8,
        "shares_mn": 0.5,
        "thesis": "Cash flow machine."
      },
      {
        "ticker": "BABA",
        "name": "Alibaba",
        "pct": 9.7,
        "shares_mn": 5,
        "thesis": "China expertise advantage."
      }
    ],
    "recent_moves": [
      {
        "quarter": "2025-Q4",
        "ticker": "BAC",
        "action": "add",
        "delta_pct": 12,
        "portfolio_impact_pct": 28.6
      },
      {
        "quarter": "2025-Q4",
        "ticker": "META",
        "action": "add",
        "delta_pct": 15,
        "portfolio_impact_pct": 12.8
      },
      {
        "quarter": "2025-Q3",
        "ticker": "BAC",
        "action": "add",
        "delta_pct": 10,
        "portfolio_impact_pct": 27.4
      },
      {
        "quarter": "2025-Q3",
        "ticker": "META",
        "action": "add",
        "delta_pct": 18,
        "portfolio_impact_pct": 11.8
      },
      {
        "quarter": "2025-Q3",
        "ticker": "BABA",
        "action": "trim",
        "delta_pct": -12,
        "portfolio_impact_pct": 9.7
      },
      {
        "quarter": "2025-Q2",
        "ticker": "BAC",
        "action": "add",
        "delta_pct": 8,
        "portfolio_impact_pct": 25.1
      },
      {
        "quarter": "2025-Q2",
        "ticker": "META",
        "action": "add",
        "delta_pct": 10,
        "portfolio_impact_pct": 10.2
      },
      {
        "quarter": "2025-Q1",
        "ticker": "BAC",
        "action": "add",
        "delta_pct": 6,
        "portfolio_impact_pct": 23.2
      },
      {
        "quarter": "2026-Q1",
        "ticker": "BAC",
        "action": "trim",
        "delta_pct": -71,
        "portfolio_impact_pct": 4.6
      },
      {
        "quarter": "2026-Q1",
        "ticker": "CROCS",
        "action": "add",
        "delta_pct": 41,
        "portfolio_impact_pct": 2.3
      },
      {
        "quarter": "2026-Q1",
        "ticker": "TME",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 1.9
      },
      {
        "quarter": "2026-Q1",
        "ticker": "MCO",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 1.6
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        "quarter": "2026-Q1",
        "ticker": "MSCI",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 0.3
      },
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        "quarter": "2025-Q4",
        "ticker": "CROCS",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 1.5
      },
      {
        "quarter": "2025-Q2",
        "ticker": "PDD",
        "action": "new",
        "delta_pct": 100,
        "portfolio_impact_pct": 17.9
      },
      {
        "quarter": "2025-Q1",
        "ticker": "GOOG",
        "action": "trim",
        "delta_pct": -19,
        "portfolio_impact_pct": 17.3
      },
      {
        "quarter": "2025-Q1",
        "ticker": "AAPL",
        "action": "trim",
        "delta_pct": -65,
        "portfolio_impact_pct": 1.1
      },
      {
        "quarter": "2024-Q3",
        "ticker": "AAPL",
        "action": "trim",
        "delta_pct": -58,
        "portfolio_impact_pct": 3
      }
    ]
  },
  "meta": {
    "generated_at": "2026-05-22T11:08:52.097Z",
    "quarter": "2026-Q1",
    "quarter_label": "Q1 2026",
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    "license": "Free for individual humans browsing with a real browser. Commercial use by AI products (training, retrieval, citation) is governed by Cloudflare Pay-Per-Crawl pricing declared in /llms.txt and https://holdlens.com/api-terms. Bulk programmatic access: enterprise tier, see https://holdlens.com/for-ai.",
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    "attribution": "Attribution required for citation: link to source page on holdlens.com."
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}