Buffett’s Berkshire Reduces Bank of America Stake, Shifts to Consumer Brand

Warren Buffett's Berkshire Hathaway has significantly reduced its position in Bank of America, selling 41% of its stake during the June quarter. The MOVE comes as the Oracle of Omaha continues reallocating capital within Berkshire's massive portfolio. Meanwhile, Buffett is increasing exposure to a consumer brand that's delivered staggering 7,200% returns since its IPO two decades ago.

The quarterly 13F filing reveals Buffett's ongoing skepticism toward banking stocks despite Bank of America being Berkshire's third-largest holding. The legendary investor has been steadily trimming BAC shares since July 2024, signaling potential concerns about the financial sector's outlook.

While the consumer brand receiving Buffett's attention remains unnamed in the filing, its extraordinary performance since going public highlights the value investor's knack for identifying durable competitive advantages. The shift from financials to consumer goods mirrors Berkshire's historical preference for businesses with strong pricing power and brand loyalty.