Warren Buffett's Berkshire Hathaway Reduces Bank of America Stake by $1.5 Billion

The conglomerate sold 33.9 million shares amid a strong rally, marking the first reduction since 2019.

Berkshire Hathaway sold 33.9 million shares of Bank of America over three days last week.
The sale reduced Berkshire's holdings by $1.5 billion but it still owns nearly 1 billion shares.
This is the first time Berkshire has trimmed its Bank of America stake in four and a half years.
Bank of America shares fell slightly following the news but remain up over 25% year-to-date.
Berkshire Hathaway remains the largest shareholder of Bank of America with a 10.8% stake.