Buffett reduces his holdings in BYD again, with shareholding falling to 7.98%

News from this site on November 1. According to Hong Kong Stock Exchange documents, on October 25, Buffett’s Berkshire Hathaway completed the sale of 820,500 BYD H shares at an average price of HK$245.86 per share. The shareholding ratio dropped from 8.05% to 7.98%.

This site noticed that Berkshire Hathaway cashed out approximately HK$201.7 million this time. Currently, Berkshire Hathaway holds a total of 87.6131 million shares of BYD. According to the Hong Kong Stock Exchange's disclosure regulations, disclosure is only required when a major shareholder's increase or decrease in stock holdings exceeds a certain integer percentage.

According to statistics from the official website of the Hong Kong Stock Exchange, Berkshire Hathaway, which has held BYD shares for more than ten years, has initiated 13 consecutive reductions since it first reduced its holdings on August 24, 2022. As for holding BYD H shares, the shareholding ratio has dropped from 19.92% on August 24, 2022 to less than 8% today.

On October 30, BYD announced that in the third quarter, it achieved revenue of 162.151 billion yuan, a year-on-year increase of 38.49%; the net profit attributable to shareholders of listed companies in the third quarter was 10.413 billion yuan, a year-on-year increase of 82.16%.

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