Berkshire Hathaway Inc. sold over 9.5 million Bank of America Corp. shares this week, reducing its stake in the bank to 9.987%, according to a filing with the United States Securities and Exchange Commission. Berkshire Hathaway still holds some 775 million shares in BoA, worth $31 billion.
With its stake just below 10%, Berkshire is no longer required to disclose transactions involving BoA shares within two business days. Warren Buffet's company has sold around a quarter of its BoA stake since July for approximately $10 billion.
