Overview

• Berkshire Hathaway sold 71.2 million Bank of America shares over nine trading sessions.
• The sales totaled $3.24 billion, reducing Berkshire's stake to 12.3%.
• Bank of America remains Berkshire's second-largest equity holding after Apple.
• Buffett initially invested in BofA during the 2011 financial crisis, boosting confidence in the bank.
• Berkshire's latest moves come as financial stocks gain on potential Federal Reserve rate cuts.