Warren Buffett, the billionaire chairman and chief executive of conglomerate Berkshire Hathaway, has cut his stake in troubled British grocer Tesco to below 3%, according to a stock market notification.
Today's filing said that on October 13 Berkshire reduced its Tesco holding to "less than 3%".
Earlier this month Buffett said Berkshire's investment in Tesco was a "huge mistake."
Berkshire had a roughly 3.96% stake in Tesco's shares, according to an early May regulatory filing.
Tesco is reeling from an accountancy scandal and a downturn in trading. Its shares have fallen 48% so far this year.
