“Warren Buffett” sold an additional 13% of BofA shares for more than $982 million, but remains a major shareholder.

Warren Buffett sold an additional 13% of BofA shares for more than $982 million, but remains the bank's largest shareholder, holding a total of 903.8 million shares worth $3.59 billion.

On August 28, 2567, Bloomberg News reported that Warren Buffett 's Berkshire Hathaway sold an additional $982 million worth of shares in Bank of America Corp. (BofA).

Berkshire Hathaway cut its holdings in BofA shares by nearly 13%, selling them continuously since mid-July for a profit of $5.4 billion. Berkshire last filed documents with the US SEC that the shares were sold on August 23, 26, and 27, 2567.

While Warren Buffett doesn't show any reason. for deciding to reduce this hugely profitable investment The company began investing in BofA shares at around $5 in 2554, before selling shares up 31% in 2567 and later selling another 10% to $39.67.

The sale of BofA shares signals Buffett's biggest pullback from his investment. Berkshire remains BofA's largest shareholder, with 903.8 million shares valued at $3.59 billion. From the closing price on 27 August 2567

Reference: bloomberg.com

Read related news:

• (July 30, 67) “Berkshire” sold BofA shares in July for a total of more than 3 billion dollars.
• (2 Aug. 67) Berkshire Hathaway sold BofA bank shares for 12 consecutive days, totaling 8.8%.