<\/p>\n
(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up <\/em>here<\/em><\/a> to receive it every Friday evening in your inbox.)<\/em><\/p>\nJust hours after our initial report last week regarding Berkshire Hathaway’s complete divestment from its stake in BYD<\/a><\/button><\/span><\/span><\/span>, the Chinese electric vehicle manufacturer confirmed the news and expressed gratitude to Warren Buffett and Charlie Munger for their belief in the company.<\/p>\nIn a post on the Chinese social media platform Weibo, BYD’s public relations executive Li Yunfei wrote<\/a>, as translated by Google:<\/p>\n\n“In August 2022, Berkshire began gradually reducing its holdings of company shares purchased in 2008, and by last June, its stake had fallen below 5%… Investing in stocks involves both buying and selling, which is completely normal… We are grateful for Charlie Munger’s and Warren Buffett’s recognition of BYD, as well as for the investment, support, and companionship over the past 17 years… Praise to all long-term believers!”<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\nBYD Dolphin Surf electric cars are parked in front of the venue where BYD carmaker holds a vehicle presentation event in Berlin, Germany May 21, 2025.<\/p>\nAnnegret Hilse | Reuters<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n\nBYD Executive Vice President Stella Li, appearing on CNBC Europe’s Access Middle East<\/em> this week<\/a>, echoed the sentiments expressed on Weibo, stating that Buffett and Munger “loved” BYD and its management. However, she emphasized that “they are investors, so naturally buying and selling is their business, so it’s not because they don’t like us.”<\/p>\nAnd Reuters<\/em> quotes<\/a> a special adviser to BYD, Alfredo Altavilla, as saying that Buffett “made a profit of 20 times the capital he invested. He did very well to do what he did.”<\/p>\n“We’ve been extremely glad to have had Buffett (as an investor), but the fact that he monetized his position is exactly what Berkshire Hathaway does for a living: buying, earning, and selling.”<\/p>\nDespite this, investors around the globe reacted negatively, with BYD shares dropping more than 6% this week in Hong Kong.<\/p>\n<\/p><\/div>\n\n\n\n\n Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline0\"\/>\u200aSecond Japanese stake tops 10%<\/h2>\n<div class=\"group\">\n<p>While Berkshire is winding down its Chinese investments, it is simultaneously increasing its stakes in Japanese “<a href=\"https:\/\/en.wikipedia.org\/wiki\/Sogo_shosha?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">trading house<\/a>” stocks.<\/p>\n<p>This week, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-12\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8031.T-JP\/\">Mitsui<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> announced in a <a href=\"https:\/\/www.mitsui.com\/jp\/en\/release\/2025\/1252094_14855.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">news release<\/a> that it was “informed” by Berkshire that “they now hold 10% or more of the voting rights in Mitsui as a result of an additional acquisition of our shares.”<\/p>\n<p>However, the exact number of shares owned by Berkshire remains undisclosed.<\/p>\n<p>In a <a href=\"https:\/\/disclosure2dl.edinet-fsa.go.jp\/searchdocument\/pdf\/S100VE4E.pdf?sv=2020-08-04&st=2025-09-27T00:10:51Z&se=2030-03-18T15:00:00Z&sr=b&sp=rl&sig=QQVFWJARj%2BlHTbla39taB9pylgMZsulACmaDD2saS5c%3D&__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">March 17 disclosure<\/a>, Berkshire reported holding a 9.8% stake of 285,401,400 Mitsui shares, valued at approximately $7.3 billion at today’s closing prices.<\/p>\n<p>Late last month, a Mitsui official <a href=\"https:\/\/www.cnbc.com\/2025\/08\/28\/berkshire-raises-stake-in-japans-mitsubishi-above-10percent.html\">told <em>Reuters<\/em><\/a> that Berkshire had raised its stake but did not specify a percentage.<\/p>\n<p>Simultaneously, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-16\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8058.T-JP\/\">Mitsubishi<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> reported in a <a href=\"https:\/\/www2.jpx.co.jp\/disc\/80580\/140120250826547340.pdf?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">regulatory filing<\/a> that Berkshire’s stake had increased to 10.2% from 9.7%.<\/p>\n<p>We have yet to receive updates on Berkshire’s three other Japanese holdings: <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-18\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8001.T-JP\/\">Itochu<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-19\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8002.T-JP\/\">Marubeni<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-20\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8053.T-JP\/\">Sumitomo<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, but it wouldn’t be surprising if those stakes have also surpassed 10%.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline1\"\/>BUFFETT AROUND THE INTERNET<\/h2>\n<div class=\"group\">\n<p><strong>Some links may require a subscription:<\/strong><\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline2\"\/>HIGHLIGHTS FROM THE ARCHIVE<\/h2>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline3\"\/>Why Berkshire created Class B shares (1996)<\/h2>\n<div class=\"group\">\n<p>Leading up to the Berkshire board’s vote on adding Class B shares, <a href=\"https:\/\/buffett.cnbc.com\/video\/1996\/05\/06\/why-create-class-b-shares.html\" target=\"_blank\">Warren Buffett explains<\/a> the thinking behind the move.<\/p>\n<\/p><\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-105095050\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-105095050\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000009851\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\">\n <img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/105095053-BAM-1996-Clip-1-1.jpg?v=1529477870&w=750&h=422&vtcrop=y\" alt=\"Why create Class B shares?\"\/><br \/>\n <span class=\"InlineVideo-videoButton\"\/><br \/>\n <span\/>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline4\"\/>BERKSHIRE STOCK WATCH<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204775\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:30.48780487804878%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline5\"\/>BERKSHIRE’S TOP STOCK HOLDINGS – Sep. 26, 2025<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204777\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:62.893081761006286%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"group\">\n<p>Berkshire’s top holdings of disclosed publicly traded stocks in the U.S. and Japan, by market value, based on today’s closing prices.<\/p>\n<p>Holdings are as of June 30, 2025, as reported in <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1067983\/000095012325008343\/0000950123-25-008343-index.htm?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">Berkshire Hathaway’s 13F filing<\/a> on August 14, 2025, except for:<\/p>\n<p>The full list of holdings and current market values is available from CNBC.com’s <a href=\"https:\/\/www.cnbc.com\/berkshire-hathaway-portfolio\/\">Berkshire Hathaway Portfolio Tracker<\/a>.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline6\"\/>QUESTIONS OR COMMENTS<\/h2>\n<div class=\"group\">\n<p>Please send any questions or comments about the newsletter to me at <a href=\"https:\/\/www.cnbc.com\/2025\/09\/27\/mailto:alex.crippen@nbcuni.com?subject=Buffett%20newsletter%20feedback\" target=\"_blank\">alex.crippen@nbcuni.com<\/a>. (Sorry, but we don’t forward questions or comments to Buffett himself.)<\/p>\n<p>If you aren’t already subscribed to this newsletter, you can sign up <a href=\"https:\/\/www.cnbc.com\/sign-up-for-cnbc-newsletters\/\">here<\/a>.<\/p>\n<p>Also, Buffett’s annual letters to shareholders are highly recommended reading. They are collected <a href=\"https:\/\/berkshirehathaway.com\/letters\/letters.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">here on Berkshire’s website<\/a>.<\/p>\n<p>— Alex Crippen, Editor, Warren Buffett Watch<\/p>\n<p><em>Correction: The year-to-date return of BYD shares has been corrected in this article.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Just hours after our initial report last week regarding Berkshire Hathaway’s complete divestment from its stake in BYD, the Chinese electric vehicle manufacturer […]<\/p>\n","protected":false},"author":1,"featured_media":1776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-1775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/comments?post=1775"}],"version-history":[{"count":0,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media\/1776"}],"wp:attachment":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media?parent=1775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/categories?post=1775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/tags?post=1775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Just hours after our initial report last week regarding Berkshire Hathaway’s complete divestment from its stake in BYD<\/a><\/button><\/span><\/span><\/span>, the Chinese electric vehicle manufacturer confirmed the news and expressed gratitude to Warren Buffett and Charlie Munger for their belief in the company.<\/p>\nIn a post on the Chinese social media platform Weibo, BYD’s public relations executive Li Yunfei wrote<\/a>, as translated by Google:<\/p>\n\n“In August 2022, Berkshire began gradually reducing its holdings of company shares purchased in 2008, and by last June, its stake had fallen below 5%… Investing in stocks involves both buying and selling, which is completely normal… We are grateful for Charlie Munger’s and Warren Buffett’s recognition of BYD, as well as for the investment, support, and companionship over the past 17 years… Praise to all long-term believers!”<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\nBYD Dolphin Surf electric cars are parked in front of the venue where BYD carmaker holds a vehicle presentation event in Berlin, Germany May 21, 2025.<\/p>\nAnnegret Hilse | Reuters<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n\nBYD Executive Vice President Stella Li, appearing on CNBC Europe’s Access Middle East<\/em> this week<\/a>, echoed the sentiments expressed on Weibo, stating that Buffett and Munger “loved” BYD and its management. However, she emphasized that “they are investors, so naturally buying and selling is their business, so it’s not because they don’t like us.”<\/p>\nAnd Reuters<\/em> quotes<\/a> a special adviser to BYD, Alfredo Altavilla, as saying that Buffett “made a profit of 20 times the capital he invested. He did very well to do what he did.”<\/p>\n“We’ve been extremely glad to have had Buffett (as an investor), but the fact that he monetized his position is exactly what Berkshire Hathaway does for a living: buying, earning, and selling.”<\/p>\nDespite this, investors around the globe reacted negatively, with BYD shares dropping more than 6% this week in Hong Kong.<\/p>\n<\/p><\/div>\n\n\n\n\n Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline0\"\/>\u200aSecond Japanese stake tops 10%<\/h2>\n<div class=\"group\">\n<p>While Berkshire is winding down its Chinese investments, it is simultaneously increasing its stakes in Japanese “<a href=\"https:\/\/en.wikipedia.org\/wiki\/Sogo_shosha?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">trading house<\/a>” stocks.<\/p>\n<p>This week, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-12\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8031.T-JP\/\">Mitsui<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> announced in a <a href=\"https:\/\/www.mitsui.com\/jp\/en\/release\/2025\/1252094_14855.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">news release<\/a> that it was “informed” by Berkshire that “they now hold 10% or more of the voting rights in Mitsui as a result of an additional acquisition of our shares.”<\/p>\n<p>However, the exact number of shares owned by Berkshire remains undisclosed.<\/p>\n<p>In a <a href=\"https:\/\/disclosure2dl.edinet-fsa.go.jp\/searchdocument\/pdf\/S100VE4E.pdf?sv=2020-08-04&st=2025-09-27T00:10:51Z&se=2030-03-18T15:00:00Z&sr=b&sp=rl&sig=QQVFWJARj%2BlHTbla39taB9pylgMZsulACmaDD2saS5c%3D&__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">March 17 disclosure<\/a>, Berkshire reported holding a 9.8% stake of 285,401,400 Mitsui shares, valued at approximately $7.3 billion at today’s closing prices.<\/p>\n<p>Late last month, a Mitsui official <a href=\"https:\/\/www.cnbc.com\/2025\/08\/28\/berkshire-raises-stake-in-japans-mitsubishi-above-10percent.html\">told <em>Reuters<\/em><\/a> that Berkshire had raised its stake but did not specify a percentage.<\/p>\n<p>Simultaneously, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-16\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8058.T-JP\/\">Mitsubishi<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> reported in a <a href=\"https:\/\/www2.jpx.co.jp\/disc\/80580\/140120250826547340.pdf?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">regulatory filing<\/a> that Berkshire’s stake had increased to 10.2% from 9.7%.<\/p>\n<p>We have yet to receive updates on Berkshire’s three other Japanese holdings: <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-18\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8001.T-JP\/\">Itochu<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-19\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8002.T-JP\/\">Marubeni<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-20\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8053.T-JP\/\">Sumitomo<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, but it wouldn’t be surprising if those stakes have also surpassed 10%.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline1\"\/>BUFFETT AROUND THE INTERNET<\/h2>\n<div class=\"group\">\n<p><strong>Some links may require a subscription:<\/strong><\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline2\"\/>HIGHLIGHTS FROM THE ARCHIVE<\/h2>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline3\"\/>Why Berkshire created Class B shares (1996)<\/h2>\n<div class=\"group\">\n<p>Leading up to the Berkshire board’s vote on adding Class B shares, <a href=\"https:\/\/buffett.cnbc.com\/video\/1996\/05\/06\/why-create-class-b-shares.html\" target=\"_blank\">Warren Buffett explains<\/a> the thinking behind the move.<\/p>\n<\/p><\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-105095050\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-105095050\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000009851\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\">\n <img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/105095053-BAM-1996-Clip-1-1.jpg?v=1529477870&w=750&h=422&vtcrop=y\" alt=\"Why create Class B shares?\"\/><br \/>\n <span class=\"InlineVideo-videoButton\"\/><br \/>\n <span\/>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline4\"\/>BERKSHIRE STOCK WATCH<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204775\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:30.48780487804878%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline5\"\/>BERKSHIRE’S TOP STOCK HOLDINGS – Sep. 26, 2025<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204777\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:62.893081761006286%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"group\">\n<p>Berkshire’s top holdings of disclosed publicly traded stocks in the U.S. and Japan, by market value, based on today’s closing prices.<\/p>\n<p>Holdings are as of June 30, 2025, as reported in <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1067983\/000095012325008343\/0000950123-25-008343-index.htm?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">Berkshire Hathaway’s 13F filing<\/a> on August 14, 2025, except for:<\/p>\n<p>The full list of holdings and current market values is available from CNBC.com’s <a href=\"https:\/\/www.cnbc.com\/berkshire-hathaway-portfolio\/\">Berkshire Hathaway Portfolio Tracker<\/a>.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline6\"\/>QUESTIONS OR COMMENTS<\/h2>\n<div class=\"group\">\n<p>Please send any questions or comments about the newsletter to me at <a href=\"https:\/\/www.cnbc.com\/2025\/09\/27\/mailto:alex.crippen@nbcuni.com?subject=Buffett%20newsletter%20feedback\" target=\"_blank\">alex.crippen@nbcuni.com<\/a>. (Sorry, but we don’t forward questions or comments to Buffett himself.)<\/p>\n<p>If you aren’t already subscribed to this newsletter, you can sign up <a href=\"https:\/\/www.cnbc.com\/sign-up-for-cnbc-newsletters\/\">here<\/a>.<\/p>\n<p>Also, Buffett’s annual letters to shareholders are highly recommended reading. They are collected <a href=\"https:\/\/berkshirehathaway.com\/letters\/letters.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">here on Berkshire’s website<\/a>.<\/p>\n<p>— Alex Crippen, Editor, Warren Buffett Watch<\/p>\n<p><em>Correction: The year-to-date return of BYD shares has been corrected in this article.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Just hours after our initial report last week regarding Berkshire Hathaway’s complete divestment from its stake in BYD, the Chinese electric vehicle manufacturer […]<\/p>\n","protected":false},"author":1,"featured_media":1776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-1775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/comments?post=1775"}],"version-history":[{"count":0,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media\/1776"}],"wp:attachment":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media?parent=1775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/categories?post=1775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/tags?post=1775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
In a post on the Chinese social media platform Weibo, BYD’s public relations executive Li Yunfei wrote<\/a>, as translated by Google:<\/p>\n\n“In August 2022, Berkshire began gradually reducing its holdings of company shares purchased in 2008, and by last June, its stake had fallen below 5%… Investing in stocks involves both buying and selling, which is completely normal… We are grateful for Charlie Munger’s and Warren Buffett’s recognition of BYD, as well as for the investment, support, and companionship over the past 17 years… Praise to all long-term believers!”<\/p>\n<\/p><\/div>\n<\/p><\/div>\n\n\n\nBYD Dolphin Surf electric cars are parked in front of the venue where BYD carmaker holds a vehicle presentation event in Berlin, Germany May 21, 2025.<\/p>\nAnnegret Hilse | Reuters<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n\nBYD Executive Vice President Stella Li, appearing on CNBC Europe’s Access Middle East<\/em> this week<\/a>, echoed the sentiments expressed on Weibo, stating that Buffett and Munger “loved” BYD and its management. However, she emphasized that “they are investors, so naturally buying and selling is their business, so it’s not because they don’t like us.”<\/p>\nAnd Reuters<\/em> quotes<\/a> a special adviser to BYD, Alfredo Altavilla, as saying that Buffett “made a profit of 20 times the capital he invested. He did very well to do what he did.”<\/p>\n“We’ve been extremely glad to have had Buffett (as an investor), but the fact that he monetized his position is exactly what Berkshire Hathaway does for a living: buying, earning, and selling.”<\/p>\nDespite this, investors around the globe reacted negatively, with BYD shares dropping more than 6% this week in Hong Kong.<\/p>\n<\/p><\/div>\n\n\n\n\n Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline0\"\/>\u200aSecond Japanese stake tops 10%<\/h2>\n<div class=\"group\">\n<p>While Berkshire is winding down its Chinese investments, it is simultaneously increasing its stakes in Japanese “<a href=\"https:\/\/en.wikipedia.org\/wiki\/Sogo_shosha?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">trading house<\/a>” stocks.<\/p>\n<p>This week, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-12\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8031.T-JP\/\">Mitsui<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> announced in a <a href=\"https:\/\/www.mitsui.com\/jp\/en\/release\/2025\/1252094_14855.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">news release<\/a> that it was “informed” by Berkshire that “they now hold 10% or more of the voting rights in Mitsui as a result of an additional acquisition of our shares.”<\/p>\n<p>However, the exact number of shares owned by Berkshire remains undisclosed.<\/p>\n<p>In a <a href=\"https:\/\/disclosure2dl.edinet-fsa.go.jp\/searchdocument\/pdf\/S100VE4E.pdf?sv=2020-08-04&st=2025-09-27T00:10:51Z&se=2030-03-18T15:00:00Z&sr=b&sp=rl&sig=QQVFWJARj%2BlHTbla39taB9pylgMZsulACmaDD2saS5c%3D&__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">March 17 disclosure<\/a>, Berkshire reported holding a 9.8% stake of 285,401,400 Mitsui shares, valued at approximately $7.3 billion at today’s closing prices.<\/p>\n<p>Late last month, a Mitsui official <a href=\"https:\/\/www.cnbc.com\/2025\/08\/28\/berkshire-raises-stake-in-japans-mitsubishi-above-10percent.html\">told <em>Reuters<\/em><\/a> that Berkshire had raised its stake but did not specify a percentage.<\/p>\n<p>Simultaneously, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-16\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8058.T-JP\/\">Mitsubishi<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> reported in a <a href=\"https:\/\/www2.jpx.co.jp\/disc\/80580\/140120250826547340.pdf?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">regulatory filing<\/a> that Berkshire’s stake had increased to 10.2% from 9.7%.<\/p>\n<p>We have yet to receive updates on Berkshire’s three other Japanese holdings: <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-18\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8001.T-JP\/\">Itochu<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-19\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8002.T-JP\/\">Marubeni<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-20\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8053.T-JP\/\">Sumitomo<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, but it wouldn’t be surprising if those stakes have also surpassed 10%.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline1\"\/>BUFFETT AROUND THE INTERNET<\/h2>\n<div class=\"group\">\n<p><strong>Some links may require a subscription:<\/strong><\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline2\"\/>HIGHLIGHTS FROM THE ARCHIVE<\/h2>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline3\"\/>Why Berkshire created Class B shares (1996)<\/h2>\n<div class=\"group\">\n<p>Leading up to the Berkshire board’s vote on adding Class B shares, <a href=\"https:\/\/buffett.cnbc.com\/video\/1996\/05\/06\/why-create-class-b-shares.html\" target=\"_blank\">Warren Buffett explains<\/a> the thinking behind the move.<\/p>\n<\/p><\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-105095050\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-105095050\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000009851\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\">\n <img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/105095053-BAM-1996-Clip-1-1.jpg?v=1529477870&w=750&h=422&vtcrop=y\" alt=\"Why create Class B shares?\"\/><br \/>\n <span class=\"InlineVideo-videoButton\"\/><br \/>\n <span\/>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline4\"\/>BERKSHIRE STOCK WATCH<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204775\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:30.48780487804878%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline5\"\/>BERKSHIRE’S TOP STOCK HOLDINGS – Sep. 26, 2025<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204777\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:62.893081761006286%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"group\">\n<p>Berkshire’s top holdings of disclosed publicly traded stocks in the U.S. and Japan, by market value, based on today’s closing prices.<\/p>\n<p>Holdings are as of June 30, 2025, as reported in <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1067983\/000095012325008343\/0000950123-25-008343-index.htm?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">Berkshire Hathaway’s 13F filing<\/a> on August 14, 2025, except for:<\/p>\n<p>The full list of holdings and current market values is available from CNBC.com’s <a href=\"https:\/\/www.cnbc.com\/berkshire-hathaway-portfolio\/\">Berkshire Hathaway Portfolio Tracker<\/a>.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline6\"\/>QUESTIONS OR COMMENTS<\/h2>\n<div class=\"group\">\n<p>Please send any questions or comments about the newsletter to me at <a href=\"https:\/\/www.cnbc.com\/2025\/09\/27\/mailto:alex.crippen@nbcuni.com?subject=Buffett%20newsletter%20feedback\" target=\"_blank\">alex.crippen@nbcuni.com<\/a>. (Sorry, but we don’t forward questions or comments to Buffett himself.)<\/p>\n<p>If you aren’t already subscribed to this newsletter, you can sign up <a href=\"https:\/\/www.cnbc.com\/sign-up-for-cnbc-newsletters\/\">here<\/a>.<\/p>\n<p>Also, Buffett’s annual letters to shareholders are highly recommended reading. They are collected <a href=\"https:\/\/berkshirehathaway.com\/letters\/letters.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">here on Berkshire’s website<\/a>.<\/p>\n<p>— Alex Crippen, Editor, Warren Buffett Watch<\/p>\n<p><em>Correction: The year-to-date return of BYD shares has been corrected in this article.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Just hours after our initial report last week regarding Berkshire Hathaway’s complete divestment from its stake in BYD, the Chinese electric vehicle manufacturer […]<\/p>\n","protected":false},"author":1,"featured_media":1776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-1775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/comments?post=1775"}],"version-history":[{"count":0,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media\/1776"}],"wp:attachment":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media?parent=1775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/categories?post=1775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/tags?post=1775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
“In August 2022, Berkshire began gradually reducing its holdings of company shares purchased in 2008, and by last June, its stake had fallen below 5%… Investing in stocks involves both buying and selling, which is completely normal… We are grateful for Charlie Munger’s and Warren Buffett’s recognition of BYD, as well as for the investment, support, and companionship over the past 17 years… Praise to all long-term believers!”<\/p>\n<\/p><\/div>\n<\/p><\/div>\n
BYD Dolphin Surf electric cars are parked in front of the venue where BYD carmaker holds a vehicle presentation event in Berlin, Germany May 21, 2025.<\/p>\n
Annegret Hilse | Reuters<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n
BYD Executive Vice President Stella Li, appearing on CNBC Europe’s Access Middle East<\/em> this week<\/a>, echoed the sentiments expressed on Weibo, stating that Buffett and Munger “loved” BYD and its management. However, she emphasized that “they are investors, so naturally buying and selling is their business, so it’s not because they don’t like us.”<\/p>\nAnd Reuters<\/em> quotes<\/a> a special adviser to BYD, Alfredo Altavilla, as saying that Buffett “made a profit of 20 times the capital he invested. He did very well to do what he did.”<\/p>\n“We’ve been extremely glad to have had Buffett (as an investor), but the fact that he monetized his position is exactly what Berkshire Hathaway does for a living: buying, earning, and selling.”<\/p>\nDespite this, investors around the globe reacted negatively, with BYD shares dropping more than 6% this week in Hong Kong.<\/p>\n<\/p><\/div>\n\n\n\n\n Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline0\"\/>\u200aSecond Japanese stake tops 10%<\/h2>\n<div class=\"group\">\n<p>While Berkshire is winding down its Chinese investments, it is simultaneously increasing its stakes in Japanese “<a href=\"https:\/\/en.wikipedia.org\/wiki\/Sogo_shosha?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">trading house<\/a>” stocks.<\/p>\n<p>This week, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-12\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8031.T-JP\/\">Mitsui<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> announced in a <a href=\"https:\/\/www.mitsui.com\/jp\/en\/release\/2025\/1252094_14855.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">news release<\/a> that it was “informed” by Berkshire that “they now hold 10% or more of the voting rights in Mitsui as a result of an additional acquisition of our shares.”<\/p>\n<p>However, the exact number of shares owned by Berkshire remains undisclosed.<\/p>\n<p>In a <a href=\"https:\/\/disclosure2dl.edinet-fsa.go.jp\/searchdocument\/pdf\/S100VE4E.pdf?sv=2020-08-04&st=2025-09-27T00:10:51Z&se=2030-03-18T15:00:00Z&sr=b&sp=rl&sig=QQVFWJARj%2BlHTbla39taB9pylgMZsulACmaDD2saS5c%3D&__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">March 17 disclosure<\/a>, Berkshire reported holding a 9.8% stake of 285,401,400 Mitsui shares, valued at approximately $7.3 billion at today’s closing prices.<\/p>\n<p>Late last month, a Mitsui official <a href=\"https:\/\/www.cnbc.com\/2025\/08\/28\/berkshire-raises-stake-in-japans-mitsubishi-above-10percent.html\">told <em>Reuters<\/em><\/a> that Berkshire had raised its stake but did not specify a percentage.<\/p>\n<p>Simultaneously, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-16\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8058.T-JP\/\">Mitsubishi<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> reported in a <a href=\"https:\/\/www2.jpx.co.jp\/disc\/80580\/140120250826547340.pdf?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">regulatory filing<\/a> that Berkshire’s stake had increased to 10.2% from 9.7%.<\/p>\n<p>We have yet to receive updates on Berkshire’s three other Japanese holdings: <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-18\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8001.T-JP\/\">Itochu<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-19\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8002.T-JP\/\">Marubeni<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-20\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8053.T-JP\/\">Sumitomo<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, but it wouldn’t be surprising if those stakes have also surpassed 10%.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline1\"\/>BUFFETT AROUND THE INTERNET<\/h2>\n<div class=\"group\">\n<p><strong>Some links may require a subscription:<\/strong><\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline2\"\/>HIGHLIGHTS FROM THE ARCHIVE<\/h2>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline3\"\/>Why Berkshire created Class B shares (1996)<\/h2>\n<div class=\"group\">\n<p>Leading up to the Berkshire board’s vote on adding Class B shares, <a href=\"https:\/\/buffett.cnbc.com\/video\/1996\/05\/06\/why-create-class-b-shares.html\" target=\"_blank\">Warren Buffett explains<\/a> the thinking behind the move.<\/p>\n<\/p><\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-105095050\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-105095050\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000009851\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\">\n <img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/105095053-BAM-1996-Clip-1-1.jpg?v=1529477870&w=750&h=422&vtcrop=y\" alt=\"Why create Class B shares?\"\/><br \/>\n <span class=\"InlineVideo-videoButton\"\/><br \/>\n <span\/>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline4\"\/>BERKSHIRE STOCK WATCH<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204775\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:30.48780487804878%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline5\"\/>BERKSHIRE’S TOP STOCK HOLDINGS – Sep. 26, 2025<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204777\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:62.893081761006286%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"group\">\n<p>Berkshire’s top holdings of disclosed publicly traded stocks in the U.S. and Japan, by market value, based on today’s closing prices.<\/p>\n<p>Holdings are as of June 30, 2025, as reported in <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1067983\/000095012325008343\/0000950123-25-008343-index.htm?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">Berkshire Hathaway’s 13F filing<\/a> on August 14, 2025, except for:<\/p>\n<p>The full list of holdings and current market values is available from CNBC.com’s <a href=\"https:\/\/www.cnbc.com\/berkshire-hathaway-portfolio\/\">Berkshire Hathaway Portfolio Tracker<\/a>.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline6\"\/>QUESTIONS OR COMMENTS<\/h2>\n<div class=\"group\">\n<p>Please send any questions or comments about the newsletter to me at <a href=\"https:\/\/www.cnbc.com\/2025\/09\/27\/mailto:alex.crippen@nbcuni.com?subject=Buffett%20newsletter%20feedback\" target=\"_blank\">alex.crippen@nbcuni.com<\/a>. (Sorry, but we don’t forward questions or comments to Buffett himself.)<\/p>\n<p>If you aren’t already subscribed to this newsletter, you can sign up <a href=\"https:\/\/www.cnbc.com\/sign-up-for-cnbc-newsletters\/\">here<\/a>.<\/p>\n<p>Also, Buffett’s annual letters to shareholders are highly recommended reading. They are collected <a href=\"https:\/\/berkshirehathaway.com\/letters\/letters.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">here on Berkshire’s website<\/a>.<\/p>\n<p>— Alex Crippen, Editor, Warren Buffett Watch<\/p>\n<p><em>Correction: The year-to-date return of BYD shares has been corrected in this article.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Just hours after our initial report last week regarding Berkshire Hathaway’s complete divestment from its stake in BYD, the Chinese electric vehicle manufacturer […]<\/p>\n","protected":false},"author":1,"featured_media":1776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-1775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/comments?post=1775"}],"version-history":[{"count":0,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media\/1776"}],"wp:attachment":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media?parent=1775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/categories?post=1775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/tags?post=1775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
And Reuters<\/em> quotes<\/a> a special adviser to BYD, Alfredo Altavilla, as saying that Buffett “made a profit of 20 times the capital he invested. He did very well to do what he did.”<\/p>\n“We’ve been extremely glad to have had Buffett (as an investor), but the fact that he monetized his position is exactly what Berkshire Hathaway does for a living: buying, earning, and selling.”<\/p>\nDespite this, investors around the globe reacted negatively, with BYD shares dropping more than 6% this week in Hong Kong.<\/p>\n<\/p><\/div>\n\n\n\n\n Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline0\"\/>\u200aSecond Japanese stake tops 10%<\/h2>\n<div class=\"group\">\n<p>While Berkshire is winding down its Chinese investments, it is simultaneously increasing its stakes in Japanese “<a href=\"https:\/\/en.wikipedia.org\/wiki\/Sogo_shosha?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">trading house<\/a>” stocks.<\/p>\n<p>This week, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-12\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8031.T-JP\/\">Mitsui<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> announced in a <a href=\"https:\/\/www.mitsui.com\/jp\/en\/release\/2025\/1252094_14855.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">news release<\/a> that it was “informed” by Berkshire that “they now hold 10% or more of the voting rights in Mitsui as a result of an additional acquisition of our shares.”<\/p>\n<p>However, the exact number of shares owned by Berkshire remains undisclosed.<\/p>\n<p>In a <a href=\"https:\/\/disclosure2dl.edinet-fsa.go.jp\/searchdocument\/pdf\/S100VE4E.pdf?sv=2020-08-04&st=2025-09-27T00:10:51Z&se=2030-03-18T15:00:00Z&sr=b&sp=rl&sig=QQVFWJARj%2BlHTbla39taB9pylgMZsulACmaDD2saS5c%3D&__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">March 17 disclosure<\/a>, Berkshire reported holding a 9.8% stake of 285,401,400 Mitsui shares, valued at approximately $7.3 billion at today’s closing prices.<\/p>\n<p>Late last month, a Mitsui official <a href=\"https:\/\/www.cnbc.com\/2025\/08\/28\/berkshire-raises-stake-in-japans-mitsubishi-above-10percent.html\">told <em>Reuters<\/em><\/a> that Berkshire had raised its stake but did not specify a percentage.<\/p>\n<p>Simultaneously, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-16\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8058.T-JP\/\">Mitsubishi<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> reported in a <a href=\"https:\/\/www2.jpx.co.jp\/disc\/80580\/140120250826547340.pdf?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">regulatory filing<\/a> that Berkshire’s stake had increased to 10.2% from 9.7%.<\/p>\n<p>We have yet to receive updates on Berkshire’s three other Japanese holdings: <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-18\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8001.T-JP\/\">Itochu<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-19\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8002.T-JP\/\">Marubeni<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"SpecialReportArticle-QuoteInBody-20\"><a href=\"https:\/\/www.cnbc.com\/quotes\/8053.T-JP\/\">Sumitomo<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span>, but it wouldn’t be surprising if those stakes have also surpassed 10%.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline1\"\/>BUFFETT AROUND THE INTERNET<\/h2>\n<div class=\"group\">\n<p><strong>Some links may require a subscription:<\/strong><\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline2\"\/>HIGHLIGHTS FROM THE ARCHIVE<\/h2>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline3\"\/>Why Berkshire created Class B shares (1996)<\/h2>\n<div class=\"group\">\n<p>Leading up to the Berkshire board’s vote on adding Class B shares, <a href=\"https:\/\/buffett.cnbc.com\/video\/1996\/05\/06\/why-create-class-b-shares.html\" target=\"_blank\">Warren Buffett explains<\/a> the thinking behind the move.<\/p>\n<\/p><\/div>\n<div role=\"region\" aria-labelledby=\"Placeholder-ArticleBody-Video-105095050\">\n<div role=\"button\" tabindex=\"0\" id=\"Placeholder-ArticleBody-Video-105095050\" class=\"PlaceHolder-wrapper\" data-vilynx-id=\"7000009851\" data-test=\"VideoPlaceHolder\">\n<div class=\"InlineVideo-videoEmbed\" id=\"InlineVideo-0\" data-test=\"InlineVideo\">\n<div class=\"InlineVideo-wrapper\">\n<div class=\"InlineVideo-inlineThumbnailContainer\">\n <img decoding=\"async\" class=\"InlineVideo-videoThumbnail\" src=\"https:\/\/image.cnbcfm.com\/api\/v1\/image\/105095053-BAM-1996-Clip-1-1.jpg?v=1529477870&w=750&h=422&vtcrop=y\" alt=\"Why create Class B shares?\"\/><br \/>\n <span class=\"InlineVideo-videoButton\"\/><br \/>\n <span\/>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline4\"\/>BERKSHIRE STOCK WATCH<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204775\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:30.48780487804878%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline5\"\/>BERKSHIRE’S TOP STOCK HOLDINGS – Sep. 26, 2025<\/h2>\n<div class=\"InlineImage-imageEmbed InlineImage-inlineInfographic\" id=\"ArticleBody-InlineImage-108204777\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div class=\"InlineImage-imagePlaceholder\" style=\"padding-bottom:62.893081761006286%\">\n<div>\n <button class=\"InlineImage-closeEnlargedImage\"><svg width=\"20\" height=\"20\" viewbox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"\/><path d=\"M9.20185 10.7982C8.96049 10.5568 8.57037 10.5568 8.32901 10.7982L5.67901 13.4482V11.2346C5.67901 10.8938 5.40308 10.6173 5.06173 10.6173C4.72037 10.6173 4.44444 10.8938 4.44444 11.2346V14.9383C4.44444 15.279 4.72037 15.5556 5.06173 15.5556H8.76543C9.10679 15.5556 9.38271 15.279 9.38271 14.9383C9.38271 14.5975 9.10679 14.321 8.76543 14.321H6.55185L9.20185 11.671C9.44321 11.4296 9.44321 11.0395 9.20185 10.7982ZM14.9383 4.44446H11.2346C10.8932 4.44446 10.6173 4.721 10.6173 5.06174C10.6173 5.40248 10.8932 5.67903 11.2346 5.67903H13.4481L10.7981 8.32903C10.5568 8.57038 10.5568 8.96051 10.7981 9.20187C10.9185 9.32224 11.0765 9.38273 11.2346 9.38273C11.3926 9.38273 11.5506 9.32224 11.671 9.20187L14.321 6.55187V8.76545C14.321 9.10619 14.5969 9.38273 14.9383 9.38273C15.2796 9.38273 15.5556 9.10619 15.5556 8.76545V5.06174C15.5556 4.721 15.2796 4.44446 14.9383 4.44446Z\"\/><\/svg><\/button>\n <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"group\">\n<p>Berkshire’s top holdings of disclosed publicly traded stocks in the U.S. and Japan, by market value, based on today’s closing prices.<\/p>\n<p>Holdings are as of June 30, 2025, as reported in <a href=\"https:\/\/www.sec.gov\/Archives\/edgar\/data\/1067983\/000095012325008343\/0000950123-25-008343-index.htm?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">Berkshire Hathaway’s 13F filing<\/a> on August 14, 2025, except for:<\/p>\n<p>The full list of holdings and current market values is available from CNBC.com’s <a href=\"https:\/\/www.cnbc.com\/berkshire-hathaway-portfolio\/\">Berkshire Hathaway Portfolio Tracker<\/a>.<\/p>\n<\/p><\/div>\n<h2 class=\"ArticleBody-subtitle\"><a id=\"headline6\"\/>QUESTIONS OR COMMENTS<\/h2>\n<div class=\"group\">\n<p>Please send any questions or comments about the newsletter to me at <a href=\"https:\/\/www.cnbc.com\/2025\/09\/27\/mailto:alex.crippen@nbcuni.com?subject=Buffett%20newsletter%20feedback\" target=\"_blank\">alex.crippen@nbcuni.com<\/a>. (Sorry, but we don’t forward questions or comments to Buffett himself.)<\/p>\n<p>If you aren’t already subscribed to this newsletter, you can sign up <a href=\"https:\/\/www.cnbc.com\/sign-up-for-cnbc-newsletters\/\">here<\/a>.<\/p>\n<p>Also, Buffett’s annual letters to shareholders are highly recommended reading. They are collected <a href=\"https:\/\/berkshirehathaway.com\/letters\/letters.html?__source=newsletter%7Cwarrenbuffettwatch\" target=\"_blank\">here on Berkshire’s website<\/a>.<\/p>\n<p>— Alex Crippen, Editor, Warren Buffett Watch<\/p>\n<p><em>Correction: The year-to-date return of BYD shares has been corrected in this article.<\/em><\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>(This is the Warren Buffett Watch newsletter, news and analysis on all things Warren Buffett and Berkshire Hathaway. You can sign up here to receive it every Friday evening in your inbox.) Just hours after our initial report last week regarding Berkshire Hathaway’s complete divestment from its stake in BYD, the Chinese electric vehicle manufacturer […]<\/p>\n","protected":false},"author":1,"featured_media":1776,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-1775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/comments?post=1775"}],"version-history":[{"count":0,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/posts\/1775\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media\/1776"}],"wp:attachment":[{"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/media?parent=1775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/categories?post=1775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/igorsplayground.com\/appcheckr\/wp-json\/wp\/v2\/tags?post=1775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
“We’ve been extremely glad to have had Buffett (as an investor), but the fact that he monetized his position is exactly what Berkshire Hathaway does for a living: buying, earning, and selling.”<\/p>\n
Despite this, investors around the globe reacted negatively, with BYD shares dropping more than 6% this week in Hong Kong.<\/p>\n<\/p><\/div>\n