In a notable portfolio shift, Li Lu's Himalaya Capital Management has completely sold off its position in Bank of America (BAC). According to regulatory filings, the fund sold all 3.00 million of its shares, which were previously valued at approximately $146.15 million and constituted over 4.5% of its reported portfolio.
Investors should note that 13F filings are released with a delay. This disclosure, filed on August 14, 2026, reflects trading activity that occurred during the second quarter, which ended on June 30, 2026. The move is significant for Himalaya, which is known for its concentrated, long-term value investing approach inspired by Warren Buffett and Charlie Munger.