Buffett, hedge funds trim GM holdings amid record recalls

Bloomberg – Warren Buffett’s Berkshire Hathaway cut its stake in General Motors in the first quarter and some hedge funds including Greenlight Capital Inc. exited completely as the company recalled a record number of vehicles.

Berkshire reduced its GM holdings by 25 percent during the three-month period to 30 million shares, the Omaha, Neb.-based company said in a regulatory filing.

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