Li Lu: Top 5 Positions Make Up 94.08% Of His Portfolio (Analysis)

Li Lu’s top 5 positions make up 94.08% of his current portfolio, reflecting a highly concentrated investment style. His largest holding, Bank of America (BAC), accounts for 26.12%. Below is a detailed look at each of the top 5 positions, including shares held, value, portfolio weight, and commentary.

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Bank of America Corp (BAC)
Shares: 13,846,633
Value: $577.82M
Portfolio %: 26.12%
Change in Shares: -4,234,500
% Change in Shares: -23.42%
Analysis: Li Lu trimmed his position in Bank of America significantly this quarter, but it remains his largest holding. His continued conviction suggests confidence in the bank’s long-term fundamentals and its role as a core financial holding.

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Berkshire Hathaway Inc Class B (BRK.B)
Shares: 897,749
Value: $478.12M
Portfolio %: 21.61%
Change in Shares: 0
% Change in Shares: 0.00%
Analysis: This holding underscores Li Lu’s deep respect for Warren Buffett’s conglomerate. The position provides broad economic exposure and signals alignment with long-term, value-driven capital allocation.

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Alphabet Inc Class A (GOOGL)
Shares: 2,543,300
Value: $393.30M
Portfolio %: 17.78%
Change in Shares: 0
% Change in Shares: 0.00%
Analysis: Alphabet’s Class A shares represent a substantial bet on the enduring dominance of Google in search, advertising, and cloud computing. Li Lu appears to be holding steady on this key tech name.

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Alphabet Inc Class C (GOOG)
Shares: 2,451,300
Value: $382.97M
Portfolio %: 17.31%
Change in Shares: -592,700
% Change in Shares: -19.47%
Analysis: While trimming his Class C Alphabet shares, Li Lu maintains a strong combined allocation to the company, reinforcing a bullish view on its long-term innovation and earnings power.

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East West Bancorp Inc (EWBC)
Shares: 2,776,351
Value: $249.21M
Portfolio %: 11.26%
Change in Shares: 0
% Change in Shares: 0.00%
Analysis: This regional bank holding indicates Li Lu’s interest in institutions with strong ties to the Chinese-American community and a niche footprint. It may also reflect a play on rising rates and resilient loan demand.