Warren Buffett's Berkshire Hathaway Trims BYD Stake to 6.9%

Monday, 17 June 2024, 12:29

Berkshire Hathaway, led by Warren Buffett, has decreased its ownership in Chinese electric vehicle manufacturer BYD to 6.9%. The conglomerate sold 1.3 million Hong Kong-listed shares of BYD for $39.8 million, as revealed in a recent filing. This move highlights Berkshire Hathaway's strategic portfolio adjustments amidst evolving market dynamics.

CNBC — Warren Buffett's Berkshire Hathaway Trims BYD Stake to 6.9%

Key Points:

Berkshire Hathaway, led by Warren Buffett, trims BYD stake to 6.9%.

Berkshire Hathaway sells 1.3 million BYD shares for $39.8 million.

Strategic portfolio adjustments reflected in the sale.

Conclusion: Warren Buffett's Berkshire Hathaway strategically reduces its exposure to BYD, showcasing an active approach to portfolio management in response to market changes.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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