Overview
- A Berkshire spokesperson confirmed the entire BYD position has been sold, and a Berkshire Hathaway Energy filing showed the stake valued at zero as of March 31.
- Berkshire began trimming the holding in August 2022 and fell below Hong Kong’s 5% disclosure threshold by July 2024, limiting visibility into subsequent sales.
- BYD shares in Hong Kong fell about 3% after reports of Berkshire’s complete exit.
- Berkshire bought 225 million BYD shares in late 2008 for about $232 million, roughly 25% of the Hong Kong float and 9.9% of the company.
- Business Insider estimates Berkshire earned roughly $7 billion on the investment as BYD’s valuation rose from under $3 billion to over $130 billion.