In September 2024, Berkshire Hathaway sold 11.6M Bank of America shares, reducing stake to 10.3%.
Warren Buffett's Berkshire Hathaway sold over 11.6 million shares of Bank of America in September 2024, reducing its stake to approximately 10.3%. This follows a trend of selling that began in mid-July, totaling $9.4 billion. As the firm nears a 10% ownership threshold, it will shift to quarterly trade disclosures. Despite the sales, Berkshire remains the largest shareholder in Bank of America, with a stake valued at about $32 billion.
September 28, 2024
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