Berkshire Hathaway Reduces Stake in Bank of America, Shifts Focus to Industry Leader

Warren Buffett's Berkshire Hathaway has sold 41% of its stake in Bank of America, trimming its position by 427 million shares since July 2024. The MOVE marks a significant shift for a holding that once represented a cornerstone of Berkshire's portfolio. Bank of America now accounts for 9.8% of Berkshire's stock holdings, down from previous levels.

The Oracle of Omaha's investment decisions continue to draw scrutiny as Berkshire reallocates capital. While the rationale behind the Bank of America sales remains undisclosed, the proceeds appear destined for what Buffett describes as 'an industry leader' - a company whose stock has appreciated 47,000% since its IPO. This pivot reflects Berkshire's ongoing strategy of concentrating investments in market-dominant businesses.