Sure. What's the last position BH exited with an observation about losing faith in the management team? I've been reading these letters for years and the Tesco thing sticks out to me.
Johnson & Johnson would be one recent (2012) example where I think neither the first nor the third conditions applied (though he only said they'd "obviously messed up in a lot of ways in the last few years" in an interview, and didn't discuss it in the shareholder's letter at all).