Berkshire Hathaway, the investment company owned by Warren Buffett, continues to reduce its stake in the Chinese electric automaker BYD.
Berkshire sold 2.53 million Hong Kong-listed shares worth $86.3 million, according to a stock exchange filing.
The shares which were sold on June 19, reduced Berkshire's holdings in BYD's shares from 9.21% to 8.98%.
Berkshire has been steadily been selling shares. The company had not sold shares in the automaker before last August.
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Last month, Buffett's company sold nearly 2 million shares, brining his stake to below 10%.
In February, Berkshire sold nearly 95 million of its original 225 million shares, according to a filing with the Hong Kong stock market.
That is in addition to the sale of another 4 million BYD shares.
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Berkshire invested in the company in 2008, paying $232 million for a stake.
BYD sold nearly 1.9 million cars last year including pure electrics, plug-ins and hybrids.
Many investors follow Buffett's investments because of his remarkably successful track record over the years.
Reuters contributed to this report.
