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Billionaire Warren Buffett Sold 39% of Berkshire's Stake in Bank of America and Is Piling Into an Industry Leader That's Gained Almost 48,000% Since Its IPO
The Motley Fool· 2025-08-01 15:51
The Oracle of Omaha has sent more than 401 million shares of Bank of America to the chopping block in favor of a company that's dominated its industry for decades. When you average a nearly 20% annualized return over six decades, you're bound to draw a crowd. Since October 2022, the aptly dubbed Oracle of Omaha has been a decisive net-seller of equities, with $174.4 billion more in stocks sold than purchased. One of Berkshire's core investment holdings, Bank of America (BAC -1.51%), makes up a notable chunk ...