Buffett’s Firm Cuts Stakes US Bank, BYD; Adds Chip Maker

Buffett’s Firm Cuts Stakes US Bank, BYD; Adds Chip Maker
Warren Buffett, chairman and CEO of Berkshire Hathaway, speaks during a game of bridge following the annual Berkshire Hathaway shareholders meeting in Omaha, Neb., on May 5, 2019. Nati Harnik/AP Photo
The Associated Press
Updated:
0:00

OMAHA, Neb.—Warren Buffett’s company slashed its stake in U.S. Bank’s parent company and also sold shares in Chinese electric car maker BYD in the third quarter, according to regulatory filings Monday.

The moves were among several others including a more than $4.1 billion investment in Taiwan Semiconductor that Berkshire Hathaway disclosed in the filings with the SEC and the Hong Kong stock exchange.