TENCENT MUSIC ENTMT GROUP
88034P109
New position
SEC source XMLShare change
+6,590,836
Value change
+$61.2M
Weight change
+1.91%
Back to 13F signalsSEC source XML
HC
Q1 2026
Himalaya Capital
Himalaya Capital is Li Lu's investment firm, followed for a highly concentrated long-term U.S. equity portfolio.
Himalaya Capital Management LLC, CIK 0001709323. Review four-quarter trends, portfolio structure, quarterly operations, and the complete table of original SEC CUSIP holdings.
Report date: 03/31/2026Filing date: 05/15/20260002043585-26-000013
No reliable official logo asset URL was confirmed from the official Himalaya Capital website.
13F portfolio value change
$3.2B
Q1 2026 disclosed value; -$367.6M / -10.3% vs Q4 2025.
Company-level holdings
13
Multiple CUSIP rows for the same company are combined.
Top 10 weight
97.20%
Concentrated
New / increased
6
New positions 7.06%
Exited / reduced
1
Turnover 38.46%
Latest portfolio moves
New positions, increases, reductions, and exits are shown before charts and raw holdings, with SEC source links on every move.
Increased / new this quarter
Company-level positions whose share count increased or appeared for the first time.
S&P GLOBAL INC
78409V104
New position
SEC source XMLShare change
+121,463
Value change
+$51.7M
Weight change
+1.61%
BLOCK H & R INC
093671105
New position
SEC source XMLShare change
+1,626,906
Value change
+$51.6M
Weight change
+1.61%
MOODYS CORP
615369105
New position
SEC source XMLShare change
+117,784
Value change
+$51.4M
Weight change
+1.61%
CROCS INC
227046109
Increased
SEC source XMLShare change
+258,934
Value change
+$19.9M
Weight change
+0.80%
MSCI INC
55354G100
New position
SEC source XMLShare change
+18,939
Value change
+$10.2M
Weight change
+0.32%
Reduced / exited this quarter
Company-level positions whose share count declined or disappeared completely.
BK OF AMERICA CORP
060505104
Reduced
SEC source XMLShare change
-7,433,400
Value change
-$427.6M
Weight change
-11.51%
SEC source transparency
Signals are derived from SEC EDGAR 13F information tables. Search aliases, tickers, themes, and company mappings help discovery but do not replace the original filing.
Data source
SEC EDGAR
Source filings
16
Latest reporting quarter
2026Q1
Largest increase
Rule-based indicators calculated from company-level changes this quarter.
TENCENT MUSIC ENTMT GROUP
88034P109
New position
SEC source XMLShare change
+6,590,836
Value change
+$61.2M
Weight change
+1.91%
Largest reduction
Rule-based indicators calculated from company-level changes this quarter.
BK OF AMERICA CORP
060505104
Reduced
SEC source XMLShare change
-7,433,400
Value change
-$427.6M
Weight change
-11.51%
Manager profile
Style
Deep value, business-quality focus, extreme concentration, and long holding periods similar to Buffett-style value investing.
History
Li Lu founded Himalaya after building a reputation among value investors and later expanded from China-related ideas into U.S. equities.
Scale
The disclosed 13F portfolio is relatively small versus mega funds, but its top holdings often dominate the reported portfolio.
Lead investor
Li Lu is known for low-profile research depth, discipline, and a strong value-investing framework.
Record and context
Public performance detail is limited, but the firm is watched because concentrated holdings can reveal high-conviction ideas.
13F scope
13F reports show disclosed U.S.-listed long equity positions. They exclude most shorts, private holdings, cash, derivatives, and non-U.S. positions.
Trends and portfolio structure
Total value over four quarters
Holdings count trend
Quarterly action counts
Top holdings weight
Theme / industry allocation
Technology45.69%
Unclassified33.11%
China assets16.62%
Energy2.98%
Financials1.61%
Four-quarter summary
| Quarter | Filing date | Accession number | Raw rows | Companies | Total holding value | Top10 |
|---|---|---|---|---|---|---|
| Q1 2026 | 05/15/2026 | 0002043585-26-000013 | 14 | 13 | $3,201,226,867 | 97.20% |
| Q4 2025 | 02/19/2026 | 0002043585-26-000012 | 9 | 8 | $3,568,876,223 | 100.00% |
| Q3 2025 | 11/12/2025 | 0002043585-25-000015 | 9 | 8 | $3,230,264,839 | 100.00% |
| Q2 2025 | 08/14/2025 | 0002043585-25-000010 | 9 | 8 | $2,689,202,442 | 100.00% |
Quarterly operations table
| Company | CUSIP | Change | Current shares | Share change | Share change % | Current value | Value change | Weight change | Theme |
|---|---|---|---|---|---|---|---|---|---|
| BK OF AMERICA CORP 060505104 | 060505104 | Reduced | 2,997,987 | -7,433,400 | -71.26% | $146,151,866 | -$427,574,419 | -11.51% | Unclassified |
| Alphabet Inc. GOOG / GOOGL | 02079K305, 02079K107 | Unchanged | 4,994,600 | 0 | +0.00% | $1,434,531,266 | -$130,739,574 | +0.95% | Technology |
| TENCENT MUSIC ENTMT GROUP 88034P109 | 88034P109 | New position | 6,590,836 | +6,590,836 | n/a | $61,162,958 | +$61,162,958 | +1.91% | China assets |
| S&P GLOBAL INC 78409V104 | 78409V104 | New position | 121,463 | +121,463 | n/a | $51,663,072 | +$51,663,072 | +1.61% | Unclassified |
| PDD HOLDINGS INC 722304102 | 722304102 | Unchanged | 4,608,000 | 0 | +0.00% | $470,845,440 | -$51,655,680 | +0.07% | China assets |
| BLOCK H & R INC 093671105 | 093671105 | New position | 1,626,906 | +1,626,906 | n/a | $51,637,996 | +$51,637,996 | +1.61% | Unclassified |
| MOODYS CORP 615369105 | 615369105 | New position | 117,784 | +117,784 | n/a | $51,383,270 | +$51,383,270 | +1.61% | Financials |
| OCCIDENTAL PETE CORP 674599105 | 674599105 | Unchanged | 1,466,500 | 0 | +0.00% | $95,322,500 | +$35,020,020 | +1.29% | Energy |
| BERKSHIRE HATHAWAY INC DEL 084670702 | 084670702 | Unchanged | 897,749 | 0 | +0.00% | $430,201,321 | -$21,052,214 | +0.79% | Unclassified |
| CROCS INC 227046109 | 227046109 | Increased | 887,093 | +258,934 | +41.22% | $73,646,461 | +$19,926,303 | +0.80% | Unclassified |
| EAST WEST BANCORP INC 27579R104 | 27579R104 | Unchanged | 2,776,351 | 0 | +0.00% | $296,403,233 | -$15,630,856 | +0.52% | Unclassified |
| MSCI INC 55354G100 | 55354G100 | New position | 18,939 | +18,939 | n/a | $10,208,310 | +$10,208,310 | +0.32% | Unclassified |
| APPLE INC 037833100 | 037833100 | Unchanged | 110,600 | 0 | +0.00% | $28,069,174 | -$1,998,542 | +0.03% | Technology |
Showing 13 of 13 changes for this quarter. Portfolio weight is the position’s share of the manager’s total 13F market value for that quarter.
Complete raw holdings table
| Rank | Company | CUSIP | Normalized company | Holding market value | Shares | Weight | Change | Theme | Source |
|---|---|---|---|---|---|---|---|---|---|
| 1 | ALPHABET INC CAP STK CL A | 02079K305 | Alphabet Inc. alphabet | $731,351,348 | 2,543,300 | 22.85% | Unchanged +0.00% | Technology | 05/15/2026 0002043585-26-000013 |
| 2 | ALPHABET INC CAP STK CL C | 02079K107 | Alphabet Inc. alphabet | $703,179,918 | 2,451,300 | 21.97% | Unchanged +0.00% | Technology | 05/15/2026 0002043585-26-000013 |
| 3 | PDD HOLDINGS INC SPONSORED ADS | 722304102 | PDD HOLDINGS INC 722304102 | $470,845,440 | 4,608,000 | 14.71% | Unchanged +0.00% | China assets | 05/15/2026 0002043585-26-000013 |
| 4 | BERKSHIRE HATHAWAY INC DEL CL B NEW | 084670702 | BERKSHIRE HATHAWAY INC DEL 084670702 | $430,201,321 | 897,749 | 13.44% | Unchanged +0.00% | Unclassified | 05/15/2026 0002043585-26-000013 |
| 5 | EAST WEST BANCORP INC COM | 27579R104 | EAST WEST BANCORP INC 27579R104 | $296,403,233 | 2,776,351 | 9.26% | Unchanged +0.00% | Unclassified | 05/15/2026 0002043585-26-000013 |
| 6 | BK OF AMERICA CORP COM | 060505104 | BK OF AMERICA CORP 060505104 | $146,151,866 | 2,997,987 | 4.57% | Reduced -71.26% | Unclassified | 05/15/2026 0002043585-26-000013 |
| 7 | OCCIDENTAL PETE CORP COM | 674599105 | OCCIDENTAL PETE CORP 674599105 | $95,322,500 | 1,466,500 | 2.98% | Unchanged +0.00% | Energy | 05/15/2026 0002043585-26-000013 |
| 8 | CROCS INC COM | 227046109 | CROCS INC 227046109 | $73,646,461 | 887,093 | 2.30% | Increased +41.22% | Unclassified | 05/15/2026 0002043585-26-000013 |
| 9 | TENCENT MUSIC ENTMT GROUP SPON ADS | 88034P109 | TENCENT MUSIC ENTMT GROUP 88034P109 | $61,162,958 | 6,590,836 | 1.91% | New position n/a | China assets | 05/15/2026 0002043585-26-000013 |
| 10 | S&P GLOBAL INC COM | 78409V104 | S&P GLOBAL INC 78409V104 | $51,663,072 | 121,463 | 1.61% | New position n/a | Unclassified | 05/15/2026 0002043585-26-000013 |
| 11 | BLOCK H & R INC COM | 093671105 | BLOCK H & R INC 093671105 | $51,637,996 | 1,626,906 | 1.61% | New position n/a | Unclassified | 05/15/2026 0002043585-26-000013 |
| 12 | MOODYS CORP COM | 615369105 | MOODYS CORP 615369105 | $51,383,270 | 117,784 | 1.61% | New position n/a | Financials | 05/15/2026 0002043585-26-000013 |
| 13 | APPLE INC COM | 037833100 | APPLE INC 037833100 | $28,069,174 | 110,600 | 0.88% | Unchanged +0.00% | Technology | 05/15/2026 0002043585-26-000013 |
| 14 | MSCI INC COM | 55354G100 | MSCI INC 55354G100 | $10,208,310 | 18,939 | 0.32% | New position n/a | Unclassified | 05/15/2026 0002043585-26-000013 |
SEC filing source
Current filing: 0002043585-26-000013, filed 05/15/2026. Open the SEC source above to inspect the original information table.