Buffett reduced his holdings of HP stock, and his shareholding dropped to less than 10% after selling at a loss

News from this site on October 9, according to US Securities and Exchange Commission documents, Warren Buffett’s Berkshire Hathaway continued to sell shares of Hewlett-Packard Co. at a loss this week. HP's shareholding has dropped below 10%.

On Thursday local time, Berkshire Hathaway’s filing with the U.S. Securities and Exchange Commission showed that the company sold Approximately 3.07 million shares of HP stock were cashed out for approximately US$80.4 million (note on this site: currently approximately RMB 588 million). Earlier, Berkshire Hathaway sold approximately 5.5 million HP shares for the first time, cashing out approximately US$160 million (currently approximately 1.17 billion yuan).

But HP's stock price has been hovering around $26 this week, and has plummeted nearly 14% in the past month. The company's stock price was still in the $30s last spring, when HP Xir Hathaway purchased shares of the company for the first time. It’s unclear whether Buffett plans to sell off all of Berkshire Hathaway’s stake in HP, which owned more than 12% of the company before it began selling HP shares last month. shares, now own less than 10% of the company, and the company no longer has to disclose every transaction. So investors who want to follow Buffett's moves will need to wait for Berkshire Hathaway's quarterly update on its roughly $350 billion portfolio to learn more.

Investing in technology stocks has been difficult for Buffett, who has avoided the area for years because he said it's difficult to pick long-term winners in this rapidly changing industry. But Buffett has confidence in Apple because he sees it as a consumer products company with extremely loyal customers.

In addition to its stock holdings, Berkshire Hathaway owns a complete set of businesses, including Geico Insurance, BNSF Railroad, several major utilities, and a range of manufacturing and retail businesses, including Including well-known brands such as Dairy Queen, See's Candy and Helzberg Diamonds

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