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the latest information released by the u.s. securities and exchange commission (sec) shows that in the first three trading days of this week (september 30 to october 2),berkshire sold a total of more than 8.54 million shares of bank of america stock for approximately $337.9 million, with transaction prices ranging from $39.3994 to $39.6141 per share.as of october 2, berkshire also held 794 million shares of bank of america stock.

previously, berkshire had just reduced its holdings of bank of america stocks for three consecutive trading days on september 25, 26, and 27, totaling 11.678 million shares, cashing out approximately us$461 million. in fact, buffett began to reduce his holdings of bank of america stocks in july this year, and has reduced his holdings more than ten times in total, cashing out a total of nearly 10 billion u.s. dollars. he seems to be clearing out his positions. however, even so, based on bank of america's latest closing price of $39.23, berkshire's remaining shares in the bank are worth more than $31 billion, making it still the largest shareholder of bank of america.

after three consecutive months of selling, berkshire’s holdings in bank of america are now close to the “regulatory tipping point” of 10%, around 10.2%. according to relevant regulations of the us sec, when berkshire's shareholding ratio falls below 10%, it will no longer be required to disclose its transactions within two working days as it does now, but will instead disclose its transactions quarterly. analysts believe that buffett is likely to continue to "silently" reduce his position in bank of america after reducing his holdings to less than 10%.

in 2011, buffett launched an investment in bank of america through a $5 billion preferred stock and warrant transaction. bank of america subsequently became berkshire's second-largest holding, behind apple. in recent years, berkshire has successively cleared the stocks of many banks, including u.s. bank, wells fargo, and bank of new york mellon.

buffett has significantly reduced his holdings of various stocks in recent months.

according to the report, berkshire reduced its holdings of apple by more than 389 million shares in the second quarter, with a market value of approximately us$82 billion (approximately rmb 580 billion). the number of shares held decreased by 49.3% from the first quarter, and its proportion in the investment portfolio decreased from the previous quarter. more than 10 percentage points.

berkshire also cleared 6.12 million shares ($840 million) of cloud computing star snowflake; reduced its holdings of 4.37 million shares ($680 million) of chevron; and reduced its holdings of 2.65 million shares ($367 million) of financial holding company cof …

it is worth noting that buffett has been a net seller of stocks for seven consecutive quarters, and the total size of his overall u.s. stock holdings has shrunk. as of the end of june, berkshire's cash reserves were close to us$277 billion (approximately rmb 1.95 trillion). this huge amount of cash mainly came from the large sales of stocks, especially apple stocks.

even buffett is reluctant to buy more of his own stock. berkshire disclosed in august that share repurchases have slowed significantly recently after carrying out large repurchases in previous quarters. berkshire repurchased about $345 million in shares in the second quarter, its smallest quarterly repurchase since 2018, according to the filing.

"all in all, buffett seems to think the best investments right now are cash and treasury bonds," said aash shah, investment director and senior portfolio manager at summit global investments.

previously, at the 2024 annual shareholder meeting, buffett made it clear that holding large amounts of cash is "quite attractive" relative to the funds available in the stock market and the conflicts around the world. "we're happy to spend money, but it has to be (the business being acquired or invested in) doing something that has very little risk and makes us a lot of money."