Oracle of Omaha Cashes Out

Oracle of Omaha Cashes Out

Share this article


  • Warren Buffett’s Berkshire Hathaway has now surpassed $10 billion in proceeds from its ongoing sale of Bank of America stock. The conglomerate has been trimming its stake in the second-largest U.S. bank since mid-July, with its 14th round of sales disclosed in a regulatory filing. This latest batch of disposals brought in $383 million over three trading days, a smaller amount compared to earlier rounds. The stock has felt pressure from the continuous sell-off, and Buffett’s selling activity typically slows when the price dips near $39.

  • As of Monday’s close, Bank of America shares were priced at $39.96, leaving Berkshire’s remaining 10.1% stake valued at around $31.4 billion. Buffett’s strategic unloading of shares has been closely watched, especially given the size of Berkshire’s remaining position and the overall impact on the stock’s price. With such a significant stake still intact, the market continues to monitor Berkshire’s next moves in this ongoing sell-down.

Why it matters

This highlights Berkshire’s strategic shift in managing its exposure to one of its long-term investments.

akbaraka

Get Smarter
About Investing

Join 35,000+ subscribers and get our 5 min daily newsletter on daily local and international financial news.
akhbaraka
Get Smarter<br/> About Investing

Similar News