{
  "investorId": "himalaya-capital",
  "displayName": "Himalaya Capital",
  "managerName": "Li Lu",
  "title": "Top Investors - Copycat",
  "cik": "0001709323",
  "combinedValueUsd": 4381049612,
  "positionCount": 8,
  "us13fValueUsd": 3702921099,
  "us13fPositionsRaw": 8,
  "us13fPositionsCombined": 8,
  "nonUsEstimatedValueUsd": 678128513,
  "fx": {
    "pair": "USDHKD",
    "rate": 7.8413,
    "asOf": "2026-10-23",
    "source": "Yahoo Finance HKD=X",
    "note": "HKD per 1 USD (invert for USD per HKD)"
  },
  "enrichment": {
    "note": "Book from SEC 13F-HR filed by Himalaya Capital Management LLC (CIK 0001709323), managed by Li Lu, plus one Non-US line: Postal Savings Bank of China H (HKEX:01658) from HKEX Disclosure of Interests \u2014 985,618,000 H shares (4.96%) as of event 8 May 2025 (dated; last primary share count after falling below 5%). Firm site himcap.com states Asia + North America focus but publishes no holdings list. Form ADV Item 5.F RAUM (~$21.4bn YE 2025) still far exceeds the combined equity book (~$4.4bn) \u2014 residual gap = other Asia / non-13F securities not issuer-disclosed. Non-US hunt: data/_research/himalaya-2026-10-15.md.",
    "firmSite": "https://www.himcap.com/",
    "nonUsResearch": "data/_research/himalaya-2026-10-15.md",
    "nonUsHoldingsPath": "data/himalaya-capital/non_us_holdings.json",
    "disclosedOnFactsheetNotIn13FBook": [
      "Postal Savings Bank of China Co., Ltd. \u2014 H Shares (01658)"
    ]
  },
  "methodology": {
    "weights": "All weights in USD. Reported Equity Holdings = Himalaya Capital Management LLC 13F-HR reported values (same-issuer/CUSIP/class/put-call rows aggregated) + Non-US estimated USD (PSBC H shares \u00d7 live HKEX close \u00f7 live HKD/USD; share count as-of 8 May 2025 DI). Alphabet Class A (GOOGL) and Class C (GOOG) combined into one line (voting rights ignored).",
    "mixedAsOf": "US 13F as of period end 30 Jun 2026. PSBC H Non-US stake as of HKEX DI event 8 May 2025 (dated share count \u2014 last primary DI; price + FX refreshed on each build).",
    "nonUsValuation": "Postal Savings Bank of China H (01658): share count 985,618,000 (HKEX DI 8 May 2025) \u00d7 live HKD close \u00f7 live HKD/USD on each refresh (\u2248 $678m estimated). Share count from HKEX DI Form 2 CS20250513E00011 (event 08/05/2025; fell to 4.96%). Ownership %/shares dated \u2014 no later primary DI. PDD and Tencent Music ADRs remain in the 13F book only.",
    "filerNote": "Display name Himalaya Capital; legal 13F filer Himalaya Capital Management LLC.",
    "alphabetDualClass": "Alphabet Class A (GOOGL) and Class C (GOOG) are combined into one line (summed value, shares, and weight). Voting-rights difference is ignored here. Other dual-class names (e.g. Lennar) stay separate unless noted.",
    "shareClasses": "Alphabet Class A (GOOGL) and Class C (GOOG) are combined into one line (summed value, shares, and weight). Voting-rights difference is ignored here. Other dual-class names (e.g. Lennar) stay separate unless noted."
  },
  "holdings": [
    {
      "id": "us-alphabet-GOOGL-GOOG",
      "issuer": "Alphabet Inc.",
      "ticker": "GOOGL+GOOG",
      "listing": "GOOGL+GOOG \u00b7 Nasdaq",
      "ccy": "USD",
      "shares": 4994600,
      "valueUsd": 1775016950,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Himalaya Capital Management LLC)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "Class A (GOOGL) + Class C (GOOG) combined into one line (2 13F equity classes; voting rights ignored). Values summed as filed.",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1709323/000204358526000022/"
        }
      ],
      "rank": 1,
      "weightPct": 40.5158
    },
    {
      "id": "us-722304102",
      "issuer": "PDD Holdings (ADR)",
      "ticker": "PDD",
      "listing": "PDD \u00b7 Nasdaq",
      "ccy": "USD",
      "shares": 10761119,
      "valueUsd": 820858157,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Himalaya Capital Management LLC)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "SPON ADS US-listed sponsored ADR on 13F (China-related issuer).",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1709323/000204358526000022/"
        }
      ],
      "rank": 2,
      "weightPct": 18.7366
    },
    {
      "id": "nonus-psbc-h",
      "issuer": "Postal Savings Bank of China Co., Ltd. \u2014 H Shares",
      "ticker": "01658",
      "listing": "01658 \u00b7 Hong Kong (HKEX H)",
      "ccy": "HKD",
      "shares": 985618000,
      "valueUsd": 678128513,
      "valueEstimated": true,
      "source": "HKEX DI",
      "sourceDetail": "HKEX Disclosure of Interests Form 2 (substantial shareholder notice)",
      "asOf": "HKEX DI \u2014 8 May 2025 (HKEX DI event date \u2014 dated; last primary share count)",
      "asOfDate": "2025-05-08",
      "notes": "985,618,000 H shares (4.96%) after sale of 10,387,000 @ avg HKD 4.7551 on event 08/05/2025 (reason 1704 \u2014 ceased notifiable interest / fell below 5%). No later primary DI found; absent from current SS list as of 2026-10-15 search \u2014 current residual after 8 May 2025 is unknown. Stake 4.96% of H shares. Est. USD via 985,618,000 \u00d7 HKD 5.39 (2026-10-23) \u00f7 FX 7.8413 (2026-10-23). Share count / ownership % as-of 8 May 2025 (HKEX DI event date \u2014 dated; last primary share count); price + FX refreshed to live mark (2026-10-24).",
      "fiIncluded": false,
      "pctOwnership": 4.96,
      "primarySourceUrls": [
        {
          "label": "HKEX DI Form 2 CS20250513E00011 (event 08/05/2025)",
          "url": "https://di.hkex.com.hk/di/NSForm2.aspx?fn=CS20250513E00011"
        },
        {
          "label": "HKEX DI Form 2 CS20241211E00064 (prior, event 06/12/2024)",
          "url": "https://di.hkex.com.hk/di/NSForm2.aspx?fn=CS20241211E00064"
        },
        {
          "label": "Yahoo Finance 1658.HK history",
          "url": "https://finance.yahoo.com/quote/1658.HK/history/"
        },
        {
          "label": "USD/HKD 8 May 2025 (exchange-rates.org)",
          "url": "https://www.exchange-rates.org/exchange-rate-history/usd-hkd-2025-05-08"
        },
        {
          "label": "HKMA Daily Monetary Statistics 08/05/2025",
          "url": "https://www.hkma.gov.hk/eng/data-publications-and-research/data-and-statistics/daily-monetary-statistics/2025/05/ms-20250508/"
        }
      ],
      "priceLocal": 5.395,
      "fxHkdPerUsd": 7.8413,
      "valuationMethod": "985,618,000 shares \u00d7 HKD 5.3950 (2026-10-23) \u00f7 7.8413 HKD/USD (2026-10-23)",
      "rank": 3,
      "weightPct": 15.4787
    },
    {
      "id": "us-084670702",
      "issuer": "Berkshire Hathaway",
      "ticker": "BRK.B",
      "listing": "BRK.B \u00b7 NYSE",
      "ccy": "USD",
      "shares": 1108318,
      "valueUsd": 554591244,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Himalaya Capital Management LLC)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "CL B NEW",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1709323/000204358526000022/"
        }
      ],
      "rank": 4,
      "weightPct": 12.6589
    },
    {
      "id": "us-27579R104",
      "issuer": "East West Bancorp",
      "ticker": "EWBC",
      "listing": "EWBC \u00b7 Nasdaq",
      "ccy": "USD",
      "shares": 2776351,
      "valueUsd": 358399151,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Himalaya Capital Management LLC)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "COM",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1709323/000204358526000022/"
        }
      ],
      "rank": 5,
      "weightPct": 8.1807
    },
    {
      "id": "us-227046109",
      "issuer": "Crocs, Inc.",
      "ticker": "CROX",
      "listing": "CROX \u00b7 Nasdaq",
      "ccy": "USD",
      "shares": 887093,
      "valueUsd": 107018900,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Himalaya Capital Management LLC)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "COM",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1709323/000204358526000022/"
        }
      ],
      "rank": 6,
      "weightPct": 2.4428
    },
    {
      "id": "us-88034P109",
      "issuer": "Tencent Music Entertainment (ADR)",
      "ticker": "TME",
      "listing": "TME \u00b7 NYSE",
      "ccy": "USD",
      "shares": 6590836,
      "valueUsd": 55033481,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Himalaya Capital Management LLC)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "SPON ADS US-listed sponsored ADR on 13F (China-related issuer).",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1709323/000204358526000022/"
        }
      ],
      "rank": 7,
      "weightPct": 1.2562
    },
    {
      "id": "us-037833100",
      "issuer": "Apple Inc.",
      "ticker": "AAPL",
      "listing": "AAPL \u00b7 Nasdaq",
      "ccy": "USD",
      "shares": 110600,
      "valueUsd": 32003216,
      "valueEstimated": false,
      "source": "13F",
      "sourceDetail": "SEC Form 13F-HR (Himalaya Capital Management LLC)",
      "asOf": "13F \u2014 30 Jun 2026",
      "asOfDate": "2026-06-30",
      "notes": "COM",
      "fiIncluded": false,
      "pctOwnership": null,
      "primarySourceUrls": [
        {
          "label": "EDGAR archive",
          "url": "https://www.sec.gov/Archives/edgar/data/1709323/000204358526000022/"
        }
      ],
      "rank": 8,
      "weightPct": 0.7305
    }
  ],
  "updatedAt": "2026-10-15",
  "reportPeriodEnd": "2026-06-30",
  "filingDate": "2026-08-14",
  "accession": "0002043585-26-000022",
  "archiveBase": "https://www.sec.gov/Archives/edgar/data/1709323/000204358526000022",
  "legalName": "Himalaya Capital Management LLC",
  "form": "13F-HR",
  "filingNote": "13F-HR filed by Himalaya Capital Management LLC (CIK 0001709323), the SEC-registered adviser managed by Li Lu.",
  "alphabetCombined": true,
  "alphabetCombinedNote": "GOOGL (Class A) + GOOG (Class C) combined into one line \u2014 voting-rights difference ignored for weights."
}