On Wednesday, September 24th local time, the latest disclosure from the US Securities and Exchange Commission (SEC) showed that Berkshire Hathaway, owned by Warren Buffett, sold approximately 21 million shares of Bank of America common stock between September 20th and September 24th, with a cash flow of approximately $863 million.
Accumulated selling of nearly 9 billion US dollars

According to the China Fund News, Berkshire Hathaway has reduced its holdings of Bank of America stocks by approximately $8.952 billion since July.
After this reduction, Berkshire Hathaway's shareholding in Bank of America's outstanding shares decreased to 10.5%. According to relevant regulations, if the shareholding ratio exceeds 10%, the transaction must be disclosed within 2 days; If the shareholding ratio does not exceed 10%, there is no need to disclose the trading situation as soon as possible. Usually, it may take several weeks to disclose in each quarterly report.
In July, Berkshire Hathaway began a large-scale reduction in its holdings of Bank of America stocks. Throughout July, the company sold approximately $3.825 billion worth of Bank of America stock.
From August 15th to 19th, the company sold approximately $550 million worth of Bank of America stock. Subsequently, from August 23rd to 27th, approximately 981.9 million US dollars worth of stocks were sold. From August 28th to 30th, Berkshire further sold approximately 21 million shares of Bank of America stock, cashing out approximately $848 million.
Entering September, Berkshire's divestment activities continued. From September 3rd to 5th, the company sold approximately $760 million worth of Bank of America stock. From September 6th to 10th, approximately $229 million was sold on a smaller scale. From September 17th to 19th, approximately 896 million US dollars were sold. According to documents announced on Wednesday, Berkshire Hathaway further sold approximately 21 million shares of Bank of America common stock, with a cash flow of approximately $863 million.
In summary, from July to September, Berkshire Hathaway had a total cash flow of approximately $8.952 billion.
Floating profit of 32 billion US dollars

According to Shanghai Securities News, as of now, Berkshire Hathaway still holds 814 million shares of Bank of America stock, with a market value of approximately 32 billion US dollars based on a rough calculation of Tuesday's closing price of 39.45 US dollars local time.
Buffett's holdings in Bank of America originated from his investment in 2011. In 2011, when Bank of America's stock price was low, Berkshire Hathaway invested $5 billion in Bank of America and obtained preferred stock and warrants. A few years later, Bank of America increased its dividend payout ratio, and Buffett converted it into common stock.
Data shows that since 2017, Bank of America's annual dividend payout ratio has remained stable at over 20%, with an average annual dividend yield of around 2%. After multiple adjustments, Berkshire gradually became the largest shareholder of Bank of America. Between 2020 and July of this year, Berkshire Hathaway held 1.033 billion shares of Bank of America without reducing any of its holdings.
If we don't consider the impact of taxes, Buffett's total proceeds from selling Bank of America stocks since mid July this year, combined with the dividends he has received since 2011, have exceeded the $14.6 billion he spent on purchasing Bank of America stocks. This also means that the $32 billion worth of stocks currently held by Berkshire Hathaway will become the company's net profit.
Net sales of stocks for seven consecutive quarters

According to the Daily Economic News, Buffett has significantly reduced his holdings of various stocks in recent months.
According to the report, Berkshire Hathaway reduced its holdings of Apple by over 389 million shares in the second quarter, with a market value of approximately $82 billion (approximately RMB 580 billion). Its holdings decreased by 49.3% compared to the first quarter, and its proportion in the investment portfolio decreased by more than 10 percentage points compared to the previous quarter.
Berkshire also liquidated 6.12 million shares ($840 million) of cloud computing star Snowflake; Reduced 4.37 million shares ($680 million) of Chevron; Reduced holdings of 2.65 million shares ($367 million) in COF, a financial holding company
It is worth noting that Buffett has sold stocks net for seven consecutive quarters, resulting in a decrease in the overall size of his US stock holdings. As of the end of June, Berkshire Hathaway's cash reserves were close to $277 billion (approximately RMB 1.95 trillion), mainly from the sale of a large number of stocks, especially Apple stock.
Even Buffett is unwilling to buy more of his own stocks. Berkshire Hathaway disclosed in August that after a large number of repurchases in previous quarters, stock repurchases have slowed down significantly in recent times. According to the documents, Berkshire Hathaway repurchased approximately $345 million worth of stocks in the second quarter, the smallest quarterly repurchase scale since 2018.
Aash Shah, investment director and senior portfolio manager of Summit Global Investments, said: "In a word, Buffett seems to think that the best investments at present are cash and treasury bond bonds."
Previously, at the 2024 annual shareholders' meeting, Buffett made it clear that holding a large amount of cash is "quite attractive" compared to the available funds in the stock market and conflicts around the world. We are willing to spend money, but it must be something that (the acquiring or investing company) is doing with minimal risk and can earn us a lot of money
This article combines China Fund News, Shanghai Securities News, and Daily Economic News