Himalaya Capital, whose founder has ties with Charlie Munger, significantly increased its stake in Google parent Alphabet in the second quarter.
The Seattle-based asset manager, founded by Li Lu in 1997, emulates value investment principles of Benjamin Graham, Warren Buffett and Munger. Besides being a longtime admirer of Berkshire Hathaway's legendary founders, Lu has been longtime friends with Munger, introducing him to Chinese stocks like Alibaba and BYD. Munger also previously revealed that Lu has been the only person who has managed his personal assets.
" Munger had been a chairman at Los Angeles-based Daily Journal since 1977 before he stepped down earlier this year. While Himalaya Capital focuses on publicly traded companies in Asia, especially China, a regulatory filing revealed that its concentrated portfolio was mostly made up of U.S. technology companies. The firm had recently exited its bets on Alibaba, Pinduoduo and BYD.
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