Warren Buffett has made yet another big move!
After slashing nearly half of Berkshire Hathaway's massive Apple stake, the legendary investor has just offloaded another $982 million worth of Bank of America stock.
Berkshire has trimmed its stake in Bank of America by almost 13% in a series of sales since mid-July, generating 5.4 billion dollars in proceeds.
But even after this latest move, Berkshire remains Bank of America's largest shareholder, holding a massive 903.8 million shares—worth a staggering 35.85 billion dollars based on Tuesday's closing price.
And despite these recent sales, Buffett still holds 12% of the stock.
Buffett, the 93-year-old investment guru, began betting big on Bank of America back in 2011, snapping up 5 billion dollars in preferred stock when the bank was facing tough times.
Buffett's cash holdings have gone up to nearly 280 billion dollars.
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