Buffett’s Moves on BYD Are Now Secret After Stake Falls Below 5%

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.

Read More: Berkshire Slows Pace of BYD Share Selling Amid Stock’s Rebound

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