Berkshire's continued BYD sales have reduced stake by almost a third

The latest in a series of filings reveals Berkshire Hathaway has sold 31.9% of the 225 million BYD shares it purchased in 2008 for $230 million.

VIEW IN BROWSER | SUBSCRIBE FRI, JAN 13, 2023 WARREN BUFFETT WATCH Berkshire's continued BYD sales have reduced stake by almost a third The latest in a series of filings reveals Berkshire Hathaway has sold 31.9% of the 225 million BYD shares it purchased in 2008 for $230 million.   Berkshire reports that as of January 3, it held 153.3 million shares of the Chinese electric car maker that has been outselling Tesla in its home country.   That puts Berkshire's stake at just under 14% of BYD's outstanding shares. Berkshire first disclosed in late August that it had begun selling down its BYD holdings, but neither Warren Buffett nor Charlie Munger have said why.   In the past, both men have highly praised the company and its management, with Munger calling it a "damn miracle."   Reuters reports today that BYD plans to make car parts in Vietnam to reduce its reliance on China and "deepen its supply chain in Southeast Asia as part of a global expansion."   Berkshire's remaining shares are currently valued at more than $4.5 million. BUFFETT AROUND THE INTERNET Some links may require a subscription Bloomberg (subscription): The Warren Buffett Way to Profit From the Energy Crisis - The Oracle of Omaha struck a gusher with his stakes in Japan's major trading houses TheStreet: Warren Buffett's Berkshire Hathaway Stock Is Breaking Out Inc.: Warren Buffett's Time-Tested Tip Will Change Your Life and Career BERKSHIRE STOCK WATCH BERKSHIRE'S TOP U.S. STOCK HOLDINGS - Jan 13, 2023 Berkshire's top holdings of disclosed publicly-traded U.S. stocks, and BYD, by market value, based on today's closing prices.   Holdings are as of September 30, 2022 as reported in Berkshire Hathaway's 13F filing on November 14, 2022, except for:   Apple, Bank of America, Chevron, and U.S. Bancorp, which also include shares held as of September 30, 2022 as disclosed in New England Asset Management's 13F filing on November 14, 2022 BYD, which is as of January 3, 2023   The full list of holdings and current market values is available from CNBC.com's Berkshire Hathaway Portfolio Tracker. QUESTIONS OR COMMENTS Please send any questions or comments about the newsletter to me at alex.crippen@nbcuni.com. (Sorry, but we don't forward questions or comments to Buffett himself.)   If you aren't already subscribed to this newsletter, you can sign up here.     -- Alex Crippen, Editor, Warren Buffett Watch Unsubscribe Manage Newsletters Terms of Service   Digital Products Feedback Privacy Policy   © 2023 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS