Li Lu · quarter digest

What Li Lu did in Q1 2025

Himalaya Capital filed 3 moves in Q1 2025: 0 new, 1 add, 2 trim, 0 exit.

13F filed 2025-05-15. Manager quality score: q8. Philosophy: Long-term value, China expertise, Charlie Munger's protégé.

Adds · 1

Adding to conviction

ADD +6%·23.2% book·+14

“First of multi-quarter BAC conviction build.”

Trims · 2

GOOGALPHABET INC

TRIM -19%·17.3% book·0

AAPLAPPLE INC

TRIM -65%·1.1% book·−20

Current top holdings

#	Ticker	Weight	Conviction
1	BAC Bank of America	27.4%	+14
2	GOOG Alphabet	17.1%	0
3	BRK.B Berkshire Hathaway	16.2%	+2
4	META Meta Platforms	11.8%	+5
5	BABA Alibaba	9.7%	+39

Not investment advice. Data from 13F filings with HoldLens parsing. Methodology.