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Li Lu’s cannibal stocks.
In the 13F for Q2 2026, Himalaya Capital Management LLC reported 6 stock positions worth $3.7B. 3 of them are companies we track as cannibals: CROX, HRB, MSCI, 3% of the reported portfolio.
| Company | Shares | Value | Of 13F | Last quarter | Shares retired, 12 mo | Stake growth from buybacks |
|---|---|---|---|---|---|---|
 CrocsCROX | 887,093 | $107.0M | 2.9% | unchanged | 7.6% | +8.3% |
 H&R BlockHRB | 0 | $0 | 0.0% | sold | 2.5% | +2.6% |
 MSCIMSCI | 0 | $0 | 0.0% | sold | 3.2% | +3.4% |
Stake growth from buybacks is how much bigger each share became as a slice of the company because the company retired its own stock over the last twelve months. Values as reported in the 13F at quarter end. The Q2 2026 filing on EDGAR.
Eight quarters of shares held
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| CROX | — | — | — | — | — | 628,159 | 887,093 | 887,093 |
| HRB | — | — | — | — | — | — | 1.6M | 0 |
| MSCI | — | — | — | — | — | — | 18,939 | 0 |
Li Lu and the cannibals, answered
Which cannibal stocks does Li Lu own?
In the Q2 2026 13F, Himalaya Capital Management LLC held CROX, HRB, MSCI. 3 of them are on the Buyback Radar leaderboard.
How much of Li Lu's portfolio is in cannibals?
About 3% of the $3.7B reported in the Q2 2026 13F.
Where does this data come from?
From Himalaya Capital Management LLC's 13F-HR filings with the SEC, the last eight quarters, amendments applied. Options are excluded. A 13F shows US-listed stock positions at quarter end, filed up to 45 days later, so it is a record, not a live portfolio.
How do buybacks help Li Lu?
Crocs retired 7.6% of its shares in the last twelve months. That alone made every remaining share, including Li Lu's 887,093, 8.3% bigger as a slice of the company, without buying anything.
Li Lu’s moves in companies like these are covered on Cannibal Stocks.
Read Cannibal Stocks All superinvestors →