Warren Buffett’s Berkshire Hathaway Inc. (BRK-B) has sold an additional $863 million worth of Bank of America Corp. (BAC) stock, reducing its ownership stake to 10.5%. This latest sale, which occurred over three trading days leading up to Tuesday, brings Berkshire closer to the 10% regulatory threshold that necessitates additional disclosures for stock trades.
Despite the recent reductions, Berkshire’s remaining investment in Bank of America is still valued at approximately $32.1 billion, based on the closing price from Tuesday. This significant holding ensures that Berkshire remains the largest shareholder of the second-largest bank in the U.S.
Buffett, now 94, began reducing this substantial investment in mid-July, continuing a trend of divesting from Bank of America while still maintaining a significant stake in the company
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