Warren Buffett walks the floor and meets with Berkshire Hathaway shareholders ahead of their annual meeting in Omaha, Nebraska on May 3, 2024.
David A. Grogan
Billionaire Warren Buffett Berkshire Hathaway unloaded more Bank of America the documents show that the company continues to reduce its stake in the American banking giant.
Records show that as of Oct. 15, Berkshire sold nearly 8.7 million shares for $370 million.
Berkshire was sold last week According to a separate filing, the company purchased 9.5 million shares worth $382.4 million, which resulted in its stake in the company falling to below 10%.
The investment giant began reducing its holdings in mid-July when it sold about 33.9 million shares for about $1.48 billion. It has since made more than $10 billion from those sales.
Buffett, one of the world’s most respected investors, first invested in Bank of America in 2011, when he bought $5 billion of the company’s preferred stock.
