What did Li Lu buy in Q2 2025?

Li Lu opened 1 new position (PDD) and added to 0 existing holdings in the Q2 2025 13F.

What did Li Lu sell in Q2 2025?

Li Lu exited 0 positions and trimmed 1.

What Li Lu bought and sold in Q2 2025

In Q2 2025, Li Lu (Himalaya Capital Management) opened 1 new position — including PDD (17.9%), trimmed 1. The book stood at $2.69B across 9 positions, filed Aug 14, 2025.

1New0Added1Trimmed0Exited

Share𝕏 in

New positions (1)

PDDPdd Holdings Inc17.9% · $482M

Trimmed (1)

BACBank OF America Corp-25% shares · 18.4% · $494M

Li Lu's other filings

Q1 2026 changes Q4 2025 changes Q1 2025 changes

Li Lu's full portfolio →The whole cohort in Q2 2025 →

Changes vs the prior quarter's 13F, long US equity positions only (no shorts, options, or non-US listings). ADD/TRIM are share- count changes of ±20% or more. Sourced from SEC EDGAR. Not investment advice.