Warren Buffett's Berkshire Hathaway Sells $228.7M Bank of America Shares in 2025
In 2025, Warren Buffett's Berkshire Hathaway has reduced its Bank of America holdings by 5.8 million shares, valued at $228.7 million, while BofA's CEO praises Buffett as a key shareholder.
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Highlights
- Berkshire Hathaway has sold an additional 5.8 million Bank of America shares, totaling approximately $228.7 million in sales.
- The sales occurred over three days: Friday, Monday, and Tuesday, with an average price of $39.5 per share.
- Bank of America CEO Brian Moynihan commended Buffett as "a great shareholder," emphasizing ongoing market absorption.
Shares of Bank of America (BofA) (BAC) declined following the announcement that Warren Buffett's Berkshire Hathaway (BRK.A)(BRK.B) further trimmed its stake in the bank.
According to a regulatory filing on Tuesday, Berkshire Hathaway sold roughly 5.8 million shares worth about $228.7 million across multiple transactions. Despite these sales, Berkshire still holds approximately 858.2 million shares, representing more than an 11% stake in BofA. Since mid-July, Berkshire has divested over $7 billion in Bank of America stock.
BofA CEO Comments on Buffett’s Stock Sales
At the Barclays Global Services Financial Services Conference, Bank of America CEO Brian Moynihan remarked, "Warren Buffett has been an exceptional shareholder." He added, "While we don’t know all the details behind his decisions and don’t seek to inquire, the market is effectively absorbing these shares daily. Additionally, the bank is actively purchasing some of the stock, ensuring continuity in the market."
As of 2:30 p.m. ET, BofA shares traded down about 1.5% at $38.66. Despite this dip, the stock remains up roughly 14% year-to-date, reflecting strong performance in 2024.
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