Group 1 - Berkshire Hathaway has completely exited its stake in Chinese electric vehicle manufacturer BYD, which was initially a profitable investment [1][3] - The company began reducing its holdings in August 2022, having purchased 225 million shares for $230 million in 2008, with the value surging by 41% to $9 billion in Q2 of the same year [1][4] - By June of the previous year, Berkshire had sold nearly 76% of its shares, reducing its stake to below 5% of BYD's circulating shares, which allowed it to stop disclosing further reductions [1][4] Group 2 - Berkshire Hathaway Energy reported the investment value as zero as of March 31, confirming the complete sale of BYD shares [3][4] - The initial investment was made 17 years ago under the recommendation of Charlie Munger, who described BYD and its CEO as a "damn miracle" [6] - Warren Buffett acknowledged BYD as an "extraordinary company" but indicated a preference for reallocating funds elsewhere [8] Group 3 - Concurrently, Berkshire sold nearly all of its stake in TSMC (approximately $4 billion), with Buffett expressing concerns about the current economic environment [8] - Buffett and Jamie Dimon have advocated for companies to stop providing quarterly earnings guidance, arguing it leads to unhealthy short-term profit focus at the expense of long-term strategy [9][10] - They emphasize the importance of companies continuing to provide actual performance reports to allow stakeholders to assess progress reliably [10]

9月21日晚间，据外媒报道，沃伦・巴菲特旗下的伯克希尔・哈撒韦已完全退出其在比亚迪（02594.SZ；01211.HK）的投 资。据统计，巴菲特持有比亚迪股票的这些年里，比亚迪的股价上涨了约3890%。 "伯克希尔发言人证实，比亚迪股份确实已全部售出。"上述报道称。 9月22日上午，比亚迪集团品牌及公关处总经理李云飞发文回应称，2022年8月，伯克希尔开始陆续减持其于2008年购买的 公司股票，去年6月其持股就已在5%以下了。"股票投资，有买就有卖，这是很正常的事情。感谢芒格和巴菲特对比亚迪的 认可，也感谢过去17年的投资、帮助和陪伴，为所有的长期主义点赞。" 之后的14年左右时间内，巴菲特一直重仓着比亚迪，直至2022年。 2022年8月30日，港交所网站显示，巴菲特旗下的伯克希尔在2022年8月24日出售了133万股比亚迪H股，均价277.1016港 元，套现3.69亿港元，仍持有2.18719亿股，占已发行的有投票权的比例降至19.92%。 此后，巴菲特陆续多次减持比亚迪。 2024年7月，港交所第16次披露伯克希尔对比亚迪的减持动作。 此次减持过后，伯克希尔持有的比亚迪股份比例已降至4.94%。彼时就 ...

来源：比亚迪李云飞 责编：王璐璐 针对巴菲特旗下伯克希尔哈撒韦已清仓比亚迪股份的消息，比亚迪集团公关处总经理李云飞发文回应称，2022年8月，伯克希尔开始陆续减持其于2008年 购买的公司股票，去年6月其持股就已在5%以下了。股票投资，有买就有卖，这是很正常的事情。感谢芒格和巴菲特对比亚迪的认可，也感谢过去17年的 投资、帮助和陪伴，为所有的长期主义点赞。 校对：杨舒欣 百万用户都在看 邮箱：bwb@stcn.com ...

Core Viewpoint - Berkshire Hathaway has completely divested its shares in BYD, marking the end of a significant investment relationship that began in 2008 [1] Group 1: Investment Actions - Berkshire Hathaway started reducing its stake in BYD in August 2022, with its holdings falling below 5% by June of the previous year [1] - The divestment reflects a normal investment practice where buying is accompanied by selling [1] Group 2: Company Response - BYD's General Manager of Brand and Public Relations, Li Yunfei, expressed gratitude towards Charlie Munger and Warren Buffett for their recognition and support over the past 17 years [1] - The company emphasizes the importance of long-term investment principles and acknowledges the contributions made by Berkshire Hathaway [1]

9 月 21 日晚间消息，一份财报显示，伯克希尔 · 哈撒韦已经清仓了比亚迪股份。 突发！清 仓了 他称， " 股票投资，有买就有卖，这是很正常的事情。感谢芒格和巴菲特对比亚迪的认可， 也感谢过去 17 年的投资、帮助和陪伴，为所有的长期主义点赞。 " 编辑：格林 校对：纪元 制作：舰长 审核：陈思扬 版权声明 《中国基金报》对本平台所刊载的原创内容享有著作权，未经授权禁止转载，否则将追究法律责任。 授权转载合作联系人：于先生（电话：0755-82468670） 9 月 22 日盘前，比亚迪集团品牌及公关处总经理李云飞在社交平台回应称， 2022 年 8 月，伯克希尔开始陆续减持其于 2008 年购买的公司股票，去年 6 月其持股就已在 5% 以下 了。 ...

Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, has completely divested its shares in BYD, a significant move that reflects ongoing changes in investment strategies [1] Group 1: Company Response - BYD confirmed the news of Berkshire Hathaway's divestment, stating that the reduction in holdings has been ongoing for a considerable time [1] - The public relations manager of BYD expressed gratitude towards Buffett and Munger for their recognition and support over the past 17 years, emphasizing the normalcy of buying and selling in stock investments [1]

Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, has completely divested its shares in BYD, a move that has been confirmed by BYD's public relations manager, Li Yunfei, who emphasized the normalcy of buying and selling in stock investments [1] Group 1 - Berkshire Hathaway began reducing its stake in BYD in August 2022, following an initial investment made in 2008 [1] - By June of the previous year, Berkshire's holdings in BYD had fallen below 5% [1] - Li Yunfei expressed gratitude towards Charlie Munger and Warren Buffett for their recognition of BYD and acknowledged the support received over the past 17 years [1]

Core Viewpoint - Berkshire Hathaway, led by Warren Buffett, has completely divested its shares in BYD, with the investment valued at zero as of March 31 [1] Company Summary - Berkshire Hathaway's spokesperson confirmed the full sale of BYD shares, which began in August 2022, with holdings dropping below 5% by June of the previous year [1] - BYD's public relations manager, Li Yunfei, acknowledged the normalcy of buying and selling in stock investments and expressed gratitude for the recognition and support from Buffett and Munger over the past 17 years [1]

Core Viewpoint - Berkshire Hathaway has completely exited its profitable equity investment in Chinese electric vehicle manufacturer BYD, marking a significant shift in its investment strategy [1][2]. Group 1: Investment Details - Berkshire began reducing its stake in BYD in August 2022, having initially purchased 225 million shares for $230 million (approximately 1.637 billion RMB) in 2008 [1]. - The value of Berkshire's BYD holdings increased by 41% in Q2 2022, reaching $9 billion [1]. - By June 2022, Berkshire had sold nearly 76% of its BYD shares, reducing its ownership to just below 5% of BYD's issued shares [1][2]. Group 2: Regulatory and Financial Reporting - According to Hong Kong Stock Exchange regulations, once a holding falls below 5%, Berkshire is no longer required to disclose subsequent sales [2]. - A financial document from Berkshire Hathaway Energy indicated that the value of the BYD investment was zero as of March 31, 2025, confirming the complete sale of the holdings [2]. Group 3: Historical Context and Performance - Berkshire first acquired BYD shares 17 years ago based on a recommendation from Charlie Munger, with Buffett previously describing BYD and its CEO Wang Chuanfu as extraordinary [2][3]. - During the period of Berkshire's ownership, BYD's stock price increased by approximately 3890% [3]. - Buffett has indicated a desire to find more satisfactory investment opportunities, despite acknowledging BYD as an exceptional company [3].

Market Overview - US stock market saw gains last Friday, with the Dow Jones up 0.38%, Nasdaq up 0.72%, and S&P 500 up 0.49% [1] - Notable stock movements include Tesla up 2.21%, Nvidia up 0.24%, Google A up 1.07%, while Meta down 0.24% and Intel down 3.24% [1] Company Developments - OpenAI plans to invest $100 billion in renting servers [2] - Elon Musk announced a meeting next week regarding the Optimus robot [3] - Apple has notified two suppliers to increase the daily production of iPhone 17 by at least 30% [3] - Oracle is reportedly in talks with Meta for a $20 billion AI cloud computing deal [3] Investment Strategies - Broker strategies remain positive, focusing on market dynamics such as high-low rotation and the entry rhythm of retail investors [5] - Xingsheng Strategy emphasizes the importance of identifying opportunities based on industrial trends rather than simple position switching [5] - Citic Strategy highlights the global expansion of leading Chinese manufacturers as a key driver for market growth [5] - Multiple data points indicate that the current rise in retail investor sentiment is still in its early stages [5] Technology and Innovation - xAI launched Grok 4 Fast, a multimodal reasoning model with a 2M context window [6] - Musk's Neuralink is advancing "thought-to-speech" trials and non-medical brain implants [6] - Samsung's 12-layer stacked HBM3E chip passed Nvidia's testing [6] - The Shanghai Quantum Artificial Intelligence Alliance was established to focus on interdisciplinary research in quantum AI [9] IPO and Market Activity - Moer Thread is set to review its IPO application on September 26, aiming to raise $8 billion for AI chip development [8] - New stock offerings include Aomeisen, a leading manufacturer of air conditioning heat exchangers, priced at 8.25 yuan per share [12] Stock Performance Highlights - Notable stock performances include Yuma Technology up 20.02%, Green Island Wind up 20.01%, and Tengjing Technology up 14.94% [14] - Recent announcements include acquisitions and investments by companies such as Sunflower and Jiayuan Technology to expand their business operations [15]