On June 26th, the Hong Kong Stock Exchange revealed that Berkshire Hathaway, owned by Warren Buffett, sold 2.53 million shares of BYD H-shares, reducing its stake from 9.21% to 8.98%. The average selling price was HKD 266.85 per share, with a total value of approximately HKD 676 million.
Since the initial reduction of BYD holdings on August 24th, 2022, this marks the 12th time that Berkshire Hathaway has disclosed a reduction in BYD H-share holdings. The stake has decreased from 19.92% on August 24th, 2022, to the current 8.98%.
According to the Hong Kong Stock Exchange filings, after this reduction, Berkshire Hathaway holds 98.6 million shares of BYD H-shares. Based on BYD's semi-annual report for 2022, as of the end of June 2022, Western Capital Group LLC, a subsidiary of Berkshire Hathaway, was the fourth-largest shareholder with 225 million shares. Calculating from this, Berkshire Hathaway has now sold over 126 million shares of BYD H-shares in total.
