Born in China and a triple alumnus of Columbia University, Li Lu (Trades, Portfolio) is the founder of Himalaya Capital, a firm known for its long-term investment strategy primarily in Asia and the U.S. Li Lu (Trades, Portfolio), who serves on several prestigious boards and is a recognized author, adheres to the value investment principles of legends like Benjamin Graham and Warren Buffett (Trades, Portfolio). His investment philosophy emphasizes discipline and a selective approach, akin to baseball legend Ted Williams’ strategy in choosing pitches.
As of the third quarter of 2024, Li Lu (Trades, Portfolio)’s investment portfolio at Himalaya Capital consists of 8 stocks, with significant allocations in major sectors such as Financial Services, Communication Services, Energy, and Technology. The top holdings include 29.02% in Bank of America Corp (NYSE:BAC), 20.58% in Alphabet Inc (NASDAQ:GOOG), 17.06% in Alphabet Inc (NASDAQ:GOOGL), 16.71% in Berkshire Hathaway Inc (NYSE:BRK.B), and 9.29% in East West Bancorp Inc (NASDAQ:EWBC).
In the latest quarter, Li Lu (Trades, Portfolio) made a notable new addition to his portfolio:
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The most significant addition was Sable Offshore Corp (NYSE:SOC), with 1,343,000 shares, accounting for 1.28% of the portfolio and a total value of $31.74 million.
Li Lu (Trades, Portfolio) also made adjustments by reducing positions in certain stocks:
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He significantly reduced his stake in Apple Inc (NASDAQ:AAPL) by 441,900 shares, resulting in a -58.18% decrease in shares and a -3.64% impact on the portfolio. During the quarter, Apple’s stock traded at an average price of $223.32 and has seen a return of 3.04% over the past three months and 19.12% year-to-date.
The reduction in Apple Inc highlights a strategic shift in Li Lu (Trades, Portfolio)’s investment approach, possibly reallocating to more promising opportunities or rebalancing the portfolio to manage risk. Such significant moves are closely watched by investors for insights into broader market trends and individual stock prospects.
Li Lu (Trades, Portfolio)’s disciplined investment strategy, focusing on high-quality companies with substantial economic moats, continues to make Himalaya Capital a closely monitored fund by investors worldwide. His latest moves provide valuable insights into his market outlook and strategy adjustments heading into the final quarter of 2024.
