What did Li Lu buy in Q4 2025?

Li Lu opened 1 new position (CROX) and added to 0 existing holdings in the Q4 2025 13F.

What did Li Lu sell in Q4 2025?

Li Lu exited 1 position (SOC) and trimmed 0.

What Li Lu bought and sold in Q4 2025

In Q4 2025, Li Lu (Himalaya Capital Management) opened 1 new position — including CROX (1.5%), exited 1 (SOC). The book stood at $3.57B across 9 positions, filed Feb 19, 2026.

1New0Added0Trimmed1Exited

Share𝕏 in

New positions (1)

CROXCrocs Inc1.5% · $54M

Exited (1)

SOCSable Offshore Corpwas 0.7% of book

Li Lu's other filings

Q2 2026 changes Q1 2026 changes Q2 2025 changes Q1 2025 changes

Li Lu's full portfolio →The whole cohort in Q4 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.