Warren Buffett Sells $4.57 Billion in Bank of America and Amazon Shares
- Buffett sold $2.79 billion worth of Bank of America shares, unloading over 50 million shares.
- Berkshire’s remaining BAC shares are valued at approximately $28.45 billion as of December.
- The firm also sold $1.78 billion in Amazon shares, reducing its stake to about $525 million.
- Berkshire opened new positions in Liberty Live Holdings and the New York Times, investing nearly $1.66 billion combined.
This significant divestment by Buffett reflects a strategic shift as he prepares to depart from his role at Berkshire Hathaway. The company’s portfolio remains heavily weighted towards Apple and American Express, with these two stocks comprising over 43% of its holdings.
Buffett’s recent moves highlight a recalibration of investment strategy while maintaining large stakes in key companies like Apple and American Express. (Source)
