Li Lu
Li Lu reshuffles $1.3B in Q2 2026, doubling PDD stake to largest on record
- Largest single-quarter reshuffle on record with us — $1.3B
- Largest addition to PDD on record with us — +$350.0M
- Added $350.0M to PDD
Sources & details
Windowpast 90 days · 2 events · ending Sep 27, 2026
DetailLargest single-quarter reshuffle on record with us — $1.3B (since 2025-Q3) · Largest addition to PDD on record with us — +$350.0M (since 2025-Q3) · Added $350.0M to PDD — 9% of portfolio, +134% QoQ · Added $124.4M to BRK.B — 3% of portfolio, +23% QoQ
Full summary
Li Lu executed the largest single-quarter reshuffle on record with us — $1.3B — in the June 2026 quarterly filing, driven by a major expansion of his position in PDD (Pinduoduo). The addition to PDD totaled $350.0M across 6.2M shares, marking the largest addition to the holding on record with us since 2025-Q3 and representing approximately 9% of his disclosed equity book. The position more than doubled on a share-count basis, rising 134% quarter-over-quarter. Lu also added $124.4M to BRK.B (Berkshire Hathaway Inc. Class B), acquiring 210.6k shares in a more modest 23% quarterly increase that accounted for roughly 3% of his book. The two moves together signal a rebalancing toward growth exposure in Chinese e-commerce and a modest top-up in his long-standing Berkshire position, though the PDD expansion dominates the window's activity.
Underlying filings
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GeneratedSep 27, 2026
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