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3h ago

Berkshire Hathaway Confirms Full Exit From BYD After Multi-Year Sell-Down

The move concludes a reduction that slipped below Hong Kong’s 5% disclosure threshold last year, reducing visibility into the final disposals.

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NEW YORK, NY - SEPTEMBER 19: Philanthropist Warren Buffett is joined onstage by 24 other philanthropist and influential business people featured on the Forbes list of 100 Greatest Business Minds during the Forbes Media Centennial Celebration at Pier 60 on September 19, 2017 in New York City. (Photo by Daniel Zuchnik/WireImage)

Overview

  • Berkshire confirmed it has sold all remaining BYD shares, following weekend reporting by CNBC.
  • Berkshire Hathaway Energy’s first-quarter filing listed the BYD holding at zero as of March 31, corroborating the complete exit.
  • The position was pared steadily from August 2022 and dropped below 5% by July 2024, ending ongoing Hong Kong disclosure requirements.
  • BYD’s Hong Kong-listed shares fell about 3% on Monday after news of Berkshire’s full divestment.
  • The exit comes as Berkshire has also been trimming other large holdings, including Apple shares sold in August.