Berkshire Hathaway Exits BYD Stake After 3,980% Gain, Signaling Portfolio Rebalancing

Warren Buffett's Berkshire Hathaway has sold its entire position in BYD, the Chinese electric vehicle manufacturer that delivered nearly 40-fold returns since its 2008 investment during the financial crisis. The MOVE continues Berkshire's 11-quarter streak of net equity sales, reflecting disciplined portfolio management even for top-performing holdings.

BYD shares surged from Berkshire's initial $230 million investment to become the world's leading EV producer, now valued at over $90 billion. "When we own portions of outstanding businesses with outstanding managements, our favorite holding period is forever," Buffett famously said in 1989—a principle repeatedly tested by market realities.

The divestment highlights Berkshire's cautious stance on China-exposed assets and potentially stretched valuations in the EV sector. No cryptocurrencies or digital assets were involved in this traditional equity transaction.