Himalaya Capital

Q1 2025 13F · by Li Lu, portfolio manager

As of: Mar 31, 2025
Filed: May 15, 2025
US stock: $2.2B · prev $2.7B
Positions: 8 · prev 8
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

0.0 pp in · −9.1 pp out

New 0 0.00 pp
Added 0 0.00 pp
Trimmed 3 −9.08 pp
Exited 0 0.00 pp

The book

Very concentrated · behaves like 5 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Low turnover · 0.0% a year

Low
Moderate
High

Top 5 positions94% of US stock

BAC Bank of America Corporation trimmed−3.19 pp trimmed−3.1926.1%
BRK.B BERKSHIRE HATHAWAY Class B held held21.6%
GOOGL Alphabet Inc. Class A held held17.8%
GOOG Alphabet Inc. Class C trimmed−4.07 pp trimmed−4.0717.3%
EWBC East-West Bancorp Inc held held11.3%

Positions8 in this filing · 0 exited


BACBank of America Corporation	26.12%	13,846,633	$578M	trimmed−23%	−3.19 pp	21 q
BRK.BBERKSHIRE HATHAWAY Class B	21.61%	897,749	$478M	held	—	15 q
GOOGLAlphabet Inc. Class A	17.78%	2,543,300	$393M	held	—	12 q
GOOGAlphabet Inc. Class C	17.31%	2,451,300	$383M	trimmed−19%	−4.07 pp	20 q
EWBCEast-West Bancorp Inc	11.26%	2,776,351	$249M	held	—	9 q
OXYOccidental Petroleum Corporation	3.27%	1,466,500	$72M	held	—	4 q
SOCSable Offshore Corp.	1.54%	1,343,000	$34M	held	—	3 q
AAPLApple Inc.	1.11%	110,600	$25M	trimmed−65%	−1.82 pp	18 q

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0002043585-25-000004
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet