Warren Buffett vs Li Lu
Warren Buffett discloses $263.10B across 29 positions as of 2026Q1; Li Lu (Himalaya Capital Management) discloses $3.20B across 14 as of 2026Q1. They overlap on 6 holdings.
| Metric | Buffett | Li Lu |
|---|---|---|
| Disclosed portfolio | $263.10B | $3.20B |
| Positions | 29 | 14 |
| Top-5 concentration | 67% | 82% |
| Latest filing | 2026Q1 · May 15, 2026 | 2026Q1 · May 15, 2026 |
| Cloning this 13F returned | 11.3%/yr over 12.2 yrs | 12.5%/yr over 9.1 yrs |
| S&P 500, same window | 13.8%/yr | 14.7%/yr |
Clone returns replicate each manager's 13F at reported weights with the real disclosure lag; the S&P 500 figure beneath is measured over that manager's identical window (SPY total return). Because each manager has a different amount of 13F history, the two columns cover different spans — compare each manager against their own benchmark row, not across columns. Methodology.
Where they agree
Where they diverge
Buffett's largest holding that Li Ludoesn't own: AXP at 17.4% of the book. Li Lu's largest holding Buffett doesn't own: PDD at 14.7%.
From SEC EDGAR Form 13F-HR filings (2026Q1 / 2026Q1). Long US-listed equities only — cash, shorts, bonds, and non-US positions are not disclosed, and both managers' real books extend beyond what a 13F shows. Not investment advice.