- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- EXCERPTS and IMAGES: Warren Buffett & Bill Gates - Keeping America Great
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- Warren Buffett's $100,000 Offer and $500,000 Advice for Columbia Business School Students
- Warren Buffett and Bill Gates Share Their 'Optimism' With Eager Columbia Business Students
- Light the Lights! Buffett and Gates Prepare to Answer Students' Questions at Columbia
- Warren Buffett Ranked #14 On Forbes 'Most Powerful People' List
- Warren Buffett and the Crisis: 'Brilliant Moves Interspersed with Some Surprising Errors'
- Warren Buffett to Sell Stakes In Union Pacific & Norfolk Southern
- BNSF CEO: Buffett's Bid for Railroad "Warmly Received" In Washington
RSS FEED
MOST SHARED
- Today's Market Action
- Microsoft's Bill Gates Praises Apple's Steve Jobs For 'Saving the Company'
- CNBC TRANSCRIPT: Warren Buffett & Bill Gates - Keeping America Great
- Low Interest Rate Investing
- Seeking Innovation in Health Care
- Week Ahead: Investors Go for Quality, Assess Recovery
- Israel Going Green
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- China's Role as Lender Alters Dynamics for United States
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Hirschhorn: Risk-Averse Traders
- Roginsky: A Funny Thing Happened on the Way to Financial Reform
- This Year's Biggest Thanksgiving Leftover: Cash
- TV Series Inks Unique Deal For Fight
- First Time Buyers Rescue Housing: Realtors
- Dollar General Trades Higher After Its IPO
- Fed Reform? Not So Fast.
- White House Plans to Freeze Spending to Cut Deficit
- Week Ahead: Investors Go for Quality, Assess Recovery
- Hedge Fund Billionaire Paulson Reports New Citi Stake
- Cramer: 5 Earnings Reports to Watch Next Week
- Court Rejects 'Clawbacks' for Alleged Stanford Victims
- Cities With the Most Home Price Reductions
- Tax Credit Sparking First-Time Home Sales: Realtors
- Investors Cut Back US Stocks for Bigger Growth Abroad
- This Year's Biggest Thanksgiving Leftover: Cash
Warren Buffett Watch
Text Size 
 |
In a filing with the SEC made public just moments ago, Berkshire reveals that as of September 30 its controversial stake in the Chinese energy company had dropped to just 3.1%. That follows a flurry of selling in September that brought the holdings from from just under 10% when the month started.
All this month we've been following the declines in Berkshire's PetroChina stake through filings with the Hong Kong stock exchange. Today's U.S. filing was required because Berkshire is no longer a 5% owner of PetroChina.
Berkshire Hathaway's Disappearing PetroChina Holdings |
| Date | Days Elapsed | Shares Held | Stake | Change | Change/Day |
| July 12 | 2,313,504,000 | 10.96% | |||
| Aug. 29 | 48 | 2,051,107,000 | 9.72% | -279,297,000 | -5,818,688 |
| Sept. 6 | 8 | 1,884,654,700 | 8.93% | -166,452,300 | -20,806,538 |
| Sept. 13 | 7 | 1,687,730,000 | 7.99% | -196,924,700 | -28,132,100 |
| Sept. 21 | 8 | 1,470,601,000 | 6.97% | -217,129,000 | -27,141,125 |
| Sept. 25 | 4 | 1,148,269,000 | 5.44% | -322,332,000 | -80,583,000 |
| Sept. 30 | 5 | 652,875,000 | 3.09% | -495,394,000 | -99,078,800 |
As the table shows, the selling has been accelerating over the last few weeks, reaching an average selling rate of almost 100 million shares a day at the end of September.
This could be the last we hear for awhile. Berkshire is not required to reveal any additional sales since it owns less than 5% of the outstanding shares. For all we know, the entire stake may have been liquidated by now. Given the pace of selling, I wouldn't be surprised.
To catch up on the controversy surrounding Buffett's PetroChina holdings and what might be motivating the sales, check out some of the previous WBW posts on the subject.
- Buffett's PetroChina Stake Falls Below 7% as Sales Accelerate in September (October 8)
- Berkshire Hathaway's Controversial PetroChina Stake Falls Below 8% (September 28)
- Buffett's Been Selling More PetroChina Than You Might Have Thought (September 20)
- Warren Buffett Trims PetroChina Stake in Third Filing (September 20)
- Is Buffett Making a Statement or Making Money with PetroChina Sale? (September 12)
- Buffett Slightly Reduces Controversial PetroChina Stake (July 27)
Questions? Comments? Email me at
Data is a real-time snapshot *Data is delayed at least 15 minutes