Key Points
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Li Lu, founder and chairman of Himalaya Capital, was inspired by Warren Buffett to pursue value investing.
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Himalaya Capital, launched in 1997, manages a concentrated portfolio of seven stocks valued at over $3.7 billion.
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As of Q2 2023, 70% of the fund’s capital is invested in two companies, with Alphabet (NASDAQ: GOOG) making up 48% of the allocation.
Li Lu, who escaped to the U.S. after the Tiananmen Square protests in 1989, established Himalaya Capital as a fund specializing in value investing. Munger invested tens of millions in the firm, drawing parallels between Lu and Buffett.
Himalaya Capital’s portfolio is significant for its concentration; Alphabet’s position underscores Lu’s bullish outlook, as it continues to evolve amid regulatory challenges and competition from emerging technologies.
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