"Stock God" Buffett further reduced BYD.BYD is Tesla's competitor in China and has become one of the world's most valuable automakers.
The Wall Street Journal reported that a document showed that Buffett's investment management giant Berkshire Hathaway sold BYD's shares last week, making it the shareholding ratio in BYD Hong Kong stocks.Less than 14%.BYD is also listed on mainland China.
This is just the latest initiative to reduce holdings in BYD in recent months.
Files show that since August, Berkshire Hathaway's holdings have fallen from approximately 218.7 billion shares to about 153.3 million shares, a decrease of nearly one -third.
In 2008, Buffett's company spent 230 million US dollars (about S $ 300 million) to purchase 10%of the company headquarters in Shenzhen.Since then, BYD's stock price has risen sharply -nearly six times the increase between 2020 and 2021.But last year fell about 28%.Berkshire Hathaway's large -scale selling stocks may be a factor that drags the performance of the stock.
