Berkshire Excludes Bank of America from Core, $2.8B Note Redemption Planned
Berkshire Hathaway’s new CEO omitted Bank of America from its ‘core four’ holdings and trimmed its BAC stake by 9% in Q4 2025, signaling reduced endorsement. Bank of America will redeem all $2.8 billion of its 1.658% senior notes due March 2027 on March 11, 2026.
1. Berkshire Omits Bank of America from Core List
In his first letter as CEO, Greg Abel highlighted Apple, American Express, Coca-Cola and Moody’s as Berkshire’s ‘core four’ holdings, notably excluding Bank of America despite it ranking among the firm’s top five positions by market value. The omission coincided with a 9% reduction in the bank’s stake during Q4 2025, underscoring a shift toward a more concentrated equity strategy.
2. Debt Redemption Details
Bank of America announced it will redeem on March 11, 2026 all $2.8 billion of its 1.658% fixed/floating rate senior notes due March 2027 at 100% of principal plus accrued interest, with interest ceasing on the redemption date. The redemption will be processed through The Depository Trust Company, with The Bank of New York Mellon Trust Company acting as trustee and paying agent.