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The Financial Express

Li Lu’s Himalaya Capital boosts PDD stake 133.5% in 2026 Q2 13F filing

AI Market Summary
Himalaya Capital's 2026 Q2 13F shows a 133.5% increase in PDD, adding 6.15M shares around $92.32 and lifting PDD to 22.17% of the disclosed portfolio. The concentration highlights high conviction despite tariff-related de minimis changes affecting Temu, an EU probe into marketplace compliance, and margin pressure in China. The filing can influence positioning and volatility into the upcoming earnings release.
Impact level
● Medium
Affected assets
NCSKPDD2USD/USDT+0.27%
AI Insight · NCSKPDD2USD/USDTAI Insight
● Neutral
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Li Lu’s Himalaya Capital Management disclosed in its 2026 second-quarter 13F filing that it lifted its stake in PDD Holdings (PDD) by 133.5%, adding 6.15 million shares at an average price of $92.32. The position rose to 22.17% of the fund’s U.S. equity portfolio, making PDD its third-largest holding. PDD shares traded between $73.30 and $104.79 during the quarter. Charlie Munger previously praised Li Lu’s investment returns as extraordinary.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
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