Himalaya Capital

Q4 2019 13F · by Li Lu, portfolio manager

As of: Dec 31, 2019
Filed: Feb 14, 2020
US stock: $420M · prev $10M
Positions: 1 · prev 2
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves3 since the prior filing

+100.0 pp in · −100.0 pp out

New 1 +100.00 pp
Added 0 0.00 pp
Trimmed 0 0.00 pp
Exited 2 −100.00 pp

The book

Very concentrated · behaves like 1 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 9.6% a year, about 10.4 years per position

Low
Moderate
High

Top 5 positions100% of US stock

MU Micron Technology, Inc. new+100.00 pp new+100.00100.0%

Positions1 in this filing · 2 exited


MUMicron Technology, Inc.	100.00%	7,814,423	$420M	new	+100.00 pp	new
BABAAlibaba Group Holding Limited	—	−53,000	—	exited	−86.82 pp	—
BIDUBaidu, Inc.	—	−5,800	—	exited	−13.18 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0001709323-20-000001
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet