Buffett reduced his holdings of BYD again: cashed out more than 3 billion Hong Kong dollars within the year and bought TSMC

Leidi.com Rakuten December 13

According to the documents of the Hong Kong Stock Exchange, Berkshire Hathaway, a subsidiary of Warren Buffett, sold 1,329,500 H shares of BYD on December 8, 2022, with an average price of 201.3432 Hong Kong dollars.

Based on this calculation, Buffett cashed out about HK$268 million this time.

Berkshire Hathaway’s H shareholding in BYD dropped from 15.07% to 14.95%.

This is the second time Buffett reduced his shareholding in BYD during the year.

In the third quarter of 2022, BYD suffered two shareholding reductions from the stock god Buffett. Among them, Buffett sold 1.33 million BYD H shares on August 24, 2022, at an average price of HK$277.1 per share, cashing out about HK$369 million (about 325 million yuan). Yuan).

Buffett then reduced his holdings of 1.716 million BYD H shares from August 25 to September 1, with an average price of 262.7243 Hong Kong dollars, and Buffett cashed out 450 million Hong Kong dollars.

On November 1, Buffett sold 3.297 million BYD H shares at a price of HK$1,698,657, cashing in HK$560 million; on November 8, he sold 5,782,500 BYD H shares at a price of HK$196.9945, reducing his shareholding ratio from 17.92%. To 16.62%, cash out 1.138 billion Hong Kong dollars.

On November 17, Buffett reduced his holdings of 3.2255 million shares of BYD (H shares), with an average transaction price of HK$195.42, cashing out HK$630 million.

Based on this calculation, Buffett has cashed out more than HK$3 billion from BYD during the year.

Buffett signed an agreement with BYD in September 2008 to subscribe for 225 million shares of BYD at a price of HK$8 per share, with a total amount of about HK$1.8 billion.

Buffett has been very stable in BYD for more than 10 years, and has always held a heavy position in BYD. However, since 2022, Buffett has changed his routine and continued to reduce his shareholding in BYD.

In the third quarter of 2022, Buffett spent US$4.1 billion to buy TSMC, which is also Berkshire Hathaway’s most bought stock in the third quarter.

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