​Buffett Dumps More BofA Shares As Stake Nears Key 10% Non-Reporting Level – Tyler Durden

Buffett Dumps More BofA Shares As Stake Nears Key 10% Non-Reporting Level 94-year-old Warren Buffett’s Berkshire Hathaway has been steadily offloading Bank of America shares over the past several months. The latest data from Bloomberg reveals that Berkshire sold millions more in recent days, bringing its stake closer to the 10% regulatory threshold, after which it will no longer have to report sales.  Before Berkshire started selling BofA shares in mid-July, Buffett’s firm held just over a billion shares. In just a few months, that stake has been reduced to around 814 million. Berkshire’s selling of BofA was abrupt and without warning in mid-July. …  — Continue at ZeroHedge News : Read More