Berkshire’s Bank of America Stake Falls to $28.45 Billion, 10% of Portfolio
Berkshire Hathaway trimmed its Bank of America holding in Q4, reducing the position to $28.45 billion, which represents 10% of its equity portfolio. Under new CEO Greg Abel, the Bank of America stake remains a top-three holding despite the Q4 decline, underscoring its importance in the portfolio.
1. Q4 Reduction in Bank of America Stake
During the October-December period, Berkshire Hathaway reduced its Bank of America stake, marking one of the few top-10 holdings to see a decline. The move aligns with broader portfolio adjustments following Warren Buffett’s retirement.
2. Portfolio Weight of Bank of America Holding
The Bank of America position now stands at $28.45 billion, representing 10% of Berkshire’s equity portfolio and ranking third among its largest holdings. This level underscores the bank’s strategic weight despite recent sell-downs.
3. CEO Transition and Future Implications
In his inaugural shareholder letter, CEO Greg Abel praised Apple, American Express, Coca-Cola and Moody’s as core long-term investments but did not comment on Bank of America. Investors will monitor the next 13F filings for signs of further changes to the bank’s allocation.