Warren Buffett’s conglomerate, Berkshire Hathaway, has crossed the $10 billion mark from selling shares of Bank of America (BAC) over the past few months. In its 14th round of sales, a regulatory filing on Monday revealed the company had generated a total of $383 million over three days of trading.
Buffett, 94, began trimming the company’s large stake in the second-largest US bank in mid-July, putting downward pressure on the stock price. Berkshire tends to slow its sales when the stock price approaches $39. As of Monday, the shares closed at $39.96.
Despite the ongoing selling, Berkshire still holds a 10.1% stake in Bank of America, valued at about $31.4 billion.