Himalaya Capital Management (Li Lu)
china, li-lu, value, concentrated, active
Fund Profile
Stored public background and source notes.
Fund Profile
Stored public background and source notes.
Background
Li Lu fled China after Tiananmen 1989, graduated from Columbia, and founded Himalaya in 1997. Charlie Munger publicly endorsed Li as his preferred next-generation value investor and put Munger's Daily Journal portfolio under Li's management.
Key People
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Li Lu
Founder
Charlie Munger's chosen successor for his personal value-investing capital.
Track Record / Style
BYD is the signature position — entered around 2002, held through BYD's pivot into EVs into a global EV leader, with reported partial trims aligned with Berkshire's 2022–2024 sales. Outside BYD, the book is small, weighted toward U.S.-listed Chinese and global quality names, with very low turnover.
Profile Sources
Total Disclosed Value
2016-12-31 → 2026-03-31 · $111.6M → $3.20B