---
title: "Buffett \"clears out\" Bank of America, unable to stop cashing out, with accumulated cash-out exceeding $10 billion USD"
description: "Warren Buffett's Berkshire Hathaway, recently, has been continuously reducing its holdings of Bank of America's stock, cashing out over $10 billion. According to the latest SEC filing, Berkshire reduc"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/216168046.md"
published_at: "2024-10-08T02:52:43.000Z"
---

# Buffett "clears out" Bank of America, unable to stop cashing out, with accumulated cash-out exceeding $10 billion USD

> Warren Buffett's Berkshire Hathaway, recently, has been continuously reducing its holdings of Bank of America's stock, cashing out over $10 billion. According to the latest SEC filing, Berkshire reduced 9.571 million shares from October 3rd to 7th, cashing out approximately $383 million. Despite still holding about 10.1% of the shares, Buffett's sell-off has attracted market attention. Analysts believe it may be related to Bank of America's overvaluation and the Fed's interest rate cuts. Buffett has not publicly explained this sell-off

After months of massive selling of Bank of America's stock, "Stock God" Warren Buffett's Berkshire Hathaway's cash reserves have become even stronger.

According to a new filing submitted to the SEC, Berkshire Hathaway sold Bank of America stock for three consecutive trading days on October 3rd, 4th, and 7th, totaling 9.571 million shares and cashing out approximately $383 million. Bank of America is currently Berkshire Hathaway's third largest holding.

Statistics show that this is the 14th round of selling Bank of America stock disclosed by the company since mid-July. Buffett has cumulatively cashed out over $10 billion, indicating a trend towards liquidation.

After the latest round of selling, Berkshire Hathaway still holds about 10.1% of Bank of America's shares, valued at approximately $31.4 billion, maintaining its position as the largest shareholder but approaching the "regulatory threshold."

According to regulations, if the shareholding exceeds 10%, the transaction must be disclosed within 2 days; if the shareholding does not exceed 10%, there is no need to disclose the transaction immediately, usually waiting for several weeks to disclose in quarterly reports. In fact, Buffett himself prefers to buy and sell stocks without rapid public disclosure.

Analysis shows that excluding the impact of taxes, Buffett's total profit from selling Bank of America stock since mid-July, combined with dividends received since 2011, has exceeded the $14.6 billion spent on purchasing Bank of America shares.

For many years, Buffett has been increasing his holdings of Bank of America shares and praising the bank's leadership. However, he has not publicly explained his recent decision to reduce holdings.

At the Barclays Global Financial Services Conference last month, Bank of America CEO Brian Moynihan told the audience that he couldn't call Buffett directly to ask what he was doing, "because frankly, we can't ask, and we won't ask."

However, analysts believe that reasons for this include Bank of America's overvaluation and the Federal Reserve's rate cut action after four and a half years. It is understood that Bank of America is very sensitive to changes in interest rate cycles, even more so than other banking peers.

As to whether Buffett's consecutive selling behavior truly indicates a complete liquidation of Bank of America, it remains unknown. However, according to his habits, when he starts selling a stock, he eventually clears that stock. In recent years, Berkshire Hathaway has cleared stocks of many banks, including Wells Fargo, U.S. Bancorp, and Bank of New York Mellon.

Ash Shah, Chief Investment Officer and Senior Portfolio Manager at Summit Global Investments, commented, "In summary, Buffett seems to believe that the best investments currently are cash and government bonds."

### Related Stocks

- [BAC.US - Bank of America](https://longbridge.com/en/quote/BAC.US.md)
- [BRK.A.US - Berkshire Hathaway](https://longbridge.com/en/quote/BRK.A.US.md)
- [BRK.B.US - Berkshire Hathaway B](https://longbridge.com/en/quote/BRK.B.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
| “就業報告的超級碗” 將於週三發佈：這為什麼重要 | 1 月的就業報告定於週三上午 8:30（東部時間）發佈，因其可能對美聯儲政策和市場預期產生影響而備受關注。該報告包括重要的修訂和更新，可能會重新塑造對勞動力市場動能的理解。美國銀行預測非農就業人數將增加 45,000，失業率預計將保持在 4 | [Link](https://longbridge.com/en/news/275507426.md) |
| 本輪 AI 大清洗，財富管理平台被錯殺了？ | 隨着 AI 税務規劃工具的推出，財富管理平台股價承壓，市場情緒恐慌。美銀美林的研報指出，這一拋售是情緒化的錯殺，AI 是增強而非替代顧問的工具。高淨值客户仍需人類顧問的專業建議，AI 的價值在於提升效率。報告認為，具備高淨值客户基礎、積極嵌 | [Link](https://longbridge.com/en/news/275890826.md) |
| SpaceX 據報考慮雙重股權結構 強化馬斯克控制權 | SpaceX 正考慮在即將進行的首次公開招股（IPO）中採用雙重股權結構，以增強馬斯克的控制權。此結構將為部分股東提供額外投票權，允許馬斯克即使持有少數股權也能主導公司決策。SpaceX 計劃在今年進行 IPO，規模可能高達 500 億美元 | [Link](https://longbridge.com/en/news/275961202.md) |
| 馬斯克旗下 Grok 美國市佔升至近 18% 未受傳播色情內容影響 | 馬斯克旗下的 AI 聊天機器人 Grok 在美國的市場份額已升至近 18%，成為第三大聊天機器人，僅次於 ChatGPT 和 Google Gemini。儘管 Grok 捲入生成色情內容的爭議，但其使用率未受影響。分析師認為，社交媒體平台  | [Link](https://longbridge.com/en/news/275965405.md) |
| 突發觀點——為什麼美國銀行對穩定幣的請求存在缺陷 | 美國銀行，尤其是美國銀行，正在對穩定幣表示擔憂，認為如果穩定幣能夠間接支付利息，可能會吸引 6 萬億美元的存款。雖然銀行認為這可能會損害它們的放貸能力，但像 USDC 這樣的穩定幣為儲户提供了一個具有競爭力的替代選擇。爭論的焦點在於穩定幣是 | [Link](https://longbridge.com/en/news/275851247.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.