On December 11th local time, the US Securities and Exchange Commission (SEC) disclosed that Berkshire Hathaway, a subsidiary of Warren Buffett, has once again reduced its stake in printer and personal computer manufacturer HP, with the latest shareholding ratio being 5.2%.
Berkshire sold HP stocks for 9 consecutive days from mid September to early October, reducing its stake to around 10%.
Berkshire currently holds 51.5 million shares of HP stock, valued at approximately $1.6 billion based on Monday's closing price of $30.37. Public data shows that Berkshire remains the third largest institutional shareholder of HP, after BlackRock and Vanguard Group.