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cailianshe news, september 6 (editor: huang junzhi)since mid-july, warren buffett has been aggressively selling shares of bank of america, the second largest bank in the united states. in the series of sales, buffett has cashed out about $6.97 billion, making the cash reserves of berkshire hathaway, which he controls, even stronger.

according to a new document recently submitted to the sec, berkshire hathaway reduced its holdings of bank of america shares for three consecutive trading days on september 3, 4 and 5, 2024, totaling 18.746 million shares, cashing in about us$760 million. bank of america is berkshire hathaway's third largest holding.

however, berkshire remains bank of america's largest shareholder, with a stake of approximately 11% worth $34.7 billion based on the latest closing price.

it is worth noting that if buffett continues to sell shares in the second-largest u.s. bank, his stake may soon fall below the 10% regulatory threshold. at that time, he will no longer be required to disclose transactions within two business days as he does now. buffett prefers to buy and sell stocks without quick public disclosure.