Buffett's Berkshire Reduces Bank of America Stake Below 10%

This strategic move allows Berkshire Hathaway to delay public disclosure of its stock trades.

Warren Buffett's Berkshire Hathaway sold 9.5 million shares of Bank of America, lowering its stake to 9.99%.
By reducing its stake below 10%, Berkshire is no longer required to disclose its trades within two business days.
The recent sales have generated approximately $10.5 billion for Berkshire since mid-July.
Despite the sell-off, Berkshire remains the largest shareholder of Bank of America, holding about 775 million shares.
The move follows a trend of Berkshire reducing its holdings in several major banks, including JPMorgan and Goldman Sachs.