Hyperdrive
Buffett’s Moves on BYD Are Now Secret After Stake Falls Below 5%
- Berkshire Hathaway holds 4.94%, no longer required to disclose
- Billionaire saw gain of about 2,000% from his early bet on BYD
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When Berkshire Hathaway Inc. offloads another chunk of BYD Co. shares — a stock it has held for more than 15 years — it will be done in secret.
Warren Buffett’s investment firm disclosed in a filing to the Hong Kong exchange Monday that its stake has fallen to 4.94% from 5.06%, and down from over 20% two years ago. Dropping below the 5% threshold means that Berkshire is no longer obligated to disclose any further sales, or whether it exits its position altogether.