Charlie Munger's protege - Li Lu's 13F for Q4/2023 - what has he bought and sold?
13F reflects the holdings and I have highlighted some of the interesting activities (sales & purchases). As these took place in Q4/2023, it cannot be a timely tool but it helps to identify concerns and opportunities seen by these great investors.
Mr Li Lu - Himalaya Capital Management
Observations:
There are no sales or purchases in Q4/2023 for Li Lu.
Li is also known as one of the top proteges of the late Charlie Munger and thus, it is interesting to note that there are no major changes to the portfolio.
However, I would be concerned about the holdings in the banking sector as I think that there could be more challenging days coming up starting with the end of the BTF Program in March 2024.
Li Lu is also the one who introduced Berkshire to other Asian stocks like BYD and probably the Asian market. As it is only for US stocks, thus, this is not a complete view of his total portfolio - with the absence of international equities.
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