Renowned American investor Warren Buffett has accelerated the pace of reducing his holdings in BYD H shares. Recently, Buffett’s company once again reduced its stake in BYD stock, marking the second time in 8 days that they have sold BYD shares.
According to the latest data disclosed by the Hong Kong Stock Exchange, on June 19, Berkshire Hathaway reduced its holding of 2.0175 million BYD H shares at an average price of HK$234.57 per share, totaling HK$473 million in cash.
This is the 15th time that the Hong Kong Stock Exchange has disclosed Berkshire Hathaway’s reduction of BYD H shares.
The last reduction took place not long ago. On June 17, data disclosed by the Hong Kong Stock Exchange showed that Berkshire Hathaway reduced its holdings of BYD H shares on June 11 by 1.3475 million shares, cashing out HK$311 million.
Publicly available information shows that from Berkshire Hathaway’s investment in BYD in 2008 to 2022, the stake remained unchanged for 14 years, but in recent years, continued reductions have sparked much market speculation.
Reviewing previous information, since Buffett first reduced his holdings in BYD on August 24, 2022, he has reduced his holdings multiple times, adjusting Berkshire Hathaway’s stake from 19.92% to the current 5.99%.
According to Securities Times, strategic analysts indicate that once Berkshire Hathaway’s stake in BYD drops below 5%, Buffett’s pace of reducing holdings may accelerate.
In response to Berkshire Hathaway’s reduction of BYD H shares in May, Buffett publicly stated, “In the future, I hope to focus more on the United States.”