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Chinese Electric Car Giant’s Slump Fuels Speculation on Warren Buffett Adjusting Holdings

  • Shares amounting to 20.49% stake appear in Hong Kong’s CCASS
  • BYD falls even after media report that Berkshire bet unchanged
The stake held by Buffett’s firm in BYD remains unchanged as shown by data available to BYD.

The stake held by Buffett’s firm in BYD remains unchanged as shown by data available to BYD.

Photographer: Qilai Shen/Bloomberg
Updated on

BYD Co. shares sank the most in nearly two years after a stake matching the size of Berkshire Hathaway Inc.’s position in the Chinese electric-car giant appeared in Hong Kong’s clearing system, fueling speculation that Warren Buffett’s company may be selling its holdings.

The 20.49% stake -- identical to the size of Berkshire’s last reported BYD position in Hong Kong as of December -- entered the Central Clearing and Settlement System, exchange data as of Monday showed. While there are many reasons a stake might appear in CCASS, such moves are often seen by traders as precursors to sales because shares must enter the system before transactions can be settled.