…the transaction lowered Berkshire’s holdings in BYD’s total issued H-shares to 13.97% on Jan 3, down from prior 14.06%.
I suppose this is something, but compared to overall holdings, fairly small. Will be interesting to see if the ‘trend’ continues, though.
The reporting is often very poor. Buffett is reducing our exposure, liquidity is an issue. Hong Kong Exchanges and Clearing Limited (hkex.com.hk)
It’s such a tiny change that it is effectively meaningless to BH.
This morning’s filing is for over a quarter billion US dollars worth of BYD stock sold and it is part of a steady ongoing liquidation. It’s not quite meaningless, at least not for Berkshire Hathaway Energy, the selling party.
@nola622 1.058M shares at US$24.52 each comes to about $26M … pretty much a rounding error for Berkshire.
But it wasn’t 1.058 million shares. It was 10.76 million shares.
I am solely replying to the content of this post … which states 1.058M shares.
164,093,000 shares owned on 12/8/2022 and now 153,332,500 shares owned on 1/3/2023
And I am solely talking about reality, not what an unpaid seeking alpha writer spits out.
But I do agree that Berkshire is slowly divesting itself from the company stock. Stands to reason because nothing is really truly “owned” in China, and with potential big political problems coming, it is prudent to get out while the getting is still good. re:Lukoil “investments”.