Latticework

Warren Buffett vs Li Lu

Side-by-side 13F comparison as of 2026Q1. Buffett discloses $263.10B across 29 positions; Li Lu (Himalaya Capital Management) discloses $3.20B across 14. They overlap on 6 holdings.

MetricBuffettLi Lu
Disclosed portfolio$263.10B$3.20B
Positions2914
Top-5 concentration67%82%
Latest filing2026Q1 · May 15, 20262026Q1 · May 15, 2026
Clone vs SPY-3.1%/yr · 12.0y-1.3%/yr · 8.9y

Clone vs SPY: each manager's 13F replicated at reported weights with real disclosure lag, vs SPY total return — windows differ per manager. Methodology.

Buffett's top 10

  1. AAPL22.0%
  2. AXP17.4%
  3. KO11.6%
  4. BAC9.5%
  5. CVX6.6%
  6. OXY6.5%
  7. GOOGL5.9%
  8. CB4.2%
  9. MCO4.1%
  10. KHC2.8%

Li Lu's top 10

  1. GOOGL22.8%
  2. GOOG22.0%
  3. PDD14.7%
  4. BRK/B13.4%
  5. EWBC9.3%
  6. BAC4.6%
  7. OXY3.0%
  8. CROX2.3%
  9. TME1.9%
  10. SPGI1.6%

Where they agree

Shared holdingBuffett wt.Li Lu wt.
GOOGL5.9%22.8%
AAPL22.0%0.9%
GOOG0.4%22.0%
BAC9.5%4.6%
OXY6.5%3.0%
MCO4.1%1.6%

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). 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.