Berkshire Hathaway Reduces Bank of America Stake, Sells $767 Million in Shares

Warren Buffett's Berkshire Hathaway, Inc. is reducing its stake in Bank of America Corp., one of its key investments. On Monday, the firm announced its third sale of Bank of America shares this month.

Berkshire Hathaway sold 18.42 million shares of Bank of America, valued at approximately $767 million based on the average price of recent transactions. Despite this reduction, the company retains 961.65 million shares, representing a 12.49% ownership in the bank.

Earlier this month, Berkshire also sold:

• 18.90 million shares for about $802.49 million (announced on July 24)
• 33.89 million shares worth $1.48 billion (announced on July 19)

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In total, Berkshire’s sales of Bank of America shares this month amount to 71.21 million shares, valued at $3.24 billion.

As of mid-May, Berkshire Hathaway’s 13-F filing showed a substantial holding in Bank of America, totaling 1.03 million shares worth $39.17 billion at the end of the first quarter. The firm’s portfolio remains heavily weighted in five major stocks: Apple Inc., American Express Co., Coca-Cola Co., Chevron Corp., and Bank of America.

This selling activity occurs amid a favorable outlook for financial stocks, with expectations that the Federal Reserve may lower interest rates, which could enhance Bank of America’s profitability through improved net interest margins and increased trading revenues.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.