Li Lu's Trades and Holdings in Q1 2025


Sharing what I learn investing across public and private markets. Founder of Ligature and Primal Funds. Track record: 58.3% IRR (2016–2024).
Himalaya Capital is an investment firm founded in 1997 by Li Lu, a renowned value investor and protégé of Charlie Munger. The firm embraces the value investment principles of Benjamin Graham and Warren Buffett, seeking superior returns through long-term ownership of high-quality companies with substantial economic moats. Li Lu's disciplined approach focuses on businesses with enduring competitive advantages, growth potential, and trustworthy management teams, primarily in the U.S. and China.