[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"news-aggregator-warren-buffett-just-dumped-dol410191c686-3bb4-774a-9f67-8a6a0e3b2092":3},{"id":4,"timestamp":5,"title":6,"content":7,"link":8,"preview":9,"tags":10,"predictedTags":11,"showTags":12,"source":13,"reactions":14,"selfReactions":15,"logo":16,"sourceId":17,"sourceUserId":18,"asset":19,"tagsCategories":20,"totalComments":21,"lang":22,"unique_views_count":23},"warren-buffett-just-dumped-dol410191c686-3bb4-774a-9f67-8a6a0e3b2092","1725611528000","Warren Buffett just dumped $760 million of this stock","\u003Cp>Although abstaining from selling \u003Ca href=\"https://finbold.com/guide/buy-bitcoin-with-bank-of-america/\">Bank of America\u003C/a> (NYSE: \u003Ca href=\"https://finbold.com/stock/bank-of-america-stock-bac/\">BAC\u003C/a>) stock during the second quarter, as revealed in his \u003Ca href=\"https://finbold.com/heres-warren-buffetts-updated-stock-portfolio/\">updated portfolio\u003C/a>, \u003Ca href=\"https://finbold.com/guide/who-is-warren-buffett/\">Warren Buffett\u003C/a>, CEO of \u003Ca href=\"https://finbold.com/guide/how-to-buy-berkshire-hathaway/\">Berkshire Hathaway\u003C/a> (NYSE: \u003Ca href=\"https://finbold.com/stock/berkshire-hathaway-inc-stockbrk-a/\">BRK.A\u003C/a>), has sold almost $7 billion worth of this stock since the end of Q2.\u003C/p>\u003Cp>The \u003Ca href=\"https://finbold.com/warren-buffett-just-dumped-nearly-1-billion-of-this-stock/\">trend\u003C/a> continued with Buffett’s latest \u003Ca href=\"https://www.sec.gov/Archives/edgar/data/1067983/000095017024104183/xslF345X05/ownership.xml\" target=\"_blank\">sale\u003C/a> on September 5, where he offloaded 18,746,304 BAC shares at an average price of $40.51 per share for a total profit of $759.5 million.\u003C/p>\u003Cimg src=\"https://assets.finbold.com/uploads/2024/09/Buffetts-sale-of-BAC-stock-1024x282.png\" alt=\"Buffett's sale of BAC stock. Source: SEC\" />Buffett’s sale of BAC stock. Source: SEC\u003Cp>Looking at the previous filings with the Securities and Exchange Commission (\u003Ca href=\"https://finbold.com/topic/sec/\">SEC\u003C/a>), the trend of selling Bank of America \u003Ca href=\"https://finbold.com/category/stocks-news/\">stock\u003C/a> started just after the second quarter ended on June 30, with the first recorded sale on July 2.\u003C/p>How much BAC stock does Buffett own?\u003Cp>Although offloading billions in just over two months, Bank of America remains “Oracle of Omaha’s” second-largest holding, with 863,977,599 shares remaining, or 11% of his portfolio’s weight, worth around $34.7 billion, according to the latest closing price of $40.14.\u003C/p>\u003Cp>However, the current holding of BAC shares represents a notable decrease from the previous size of 1,032,852,006 on June 30, which occupied 14.67% of Buffett’s portfolio and was worth $41 billion.\u003C/p>BAC stock performance since Buffett’s initial sale\u003Cp>Since July 2, BAC \u003Ca href=\"https://finbold.com/stocks/\">stock\u003C/a> has been on a volatile ride, experiencing a peak at $44, which coincides with its highest closing price in 2024, and losing almost 17% until August 5, trading at $36.65.\u003C/p>\u003Cp>However, the gains and losses since the initial Buffett sale have seemingly evened out, with BAC shares recording a 1.93% decrease over this period and closing at a $40.14 valuation on September 5.\u003C/p>\u003Cimg src=\"https://assets.finbold.com/uploads/2024/09/BAC-stock-performance-since-Buffett-started-selling-on-July-2.png\" alt=\"BAC stock performance since Buffett started selling on July 2. Source: Google Finance\" />BAC stock performance since Buffett started selling on July 2. Source: Google Finance\u003Cp>These sales could further contribute to Berkshire Hathaway’s growing cash pile, which has recorded a substantial increase in 2024, increasing from $160 billion to almost $300 billion at the time of writing, if Buffett hasn’t decided to use some of this money to acquire new stocks or expand other holdings.\u003C/p>\u003Cp>\u003Ca href=\"https://visit.finbold.com/etoro\" target=\"_blank\">Buy stocks now with eToro – trusted and advanced investment platform\u003C/a>\u003C/p>\u003Cp>Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.\u003C/p>\u003Cp>The post \u003Ca href=\"https://finbold.com/warren-buffett-just-dumped-760-million-of-this-stock/\">Warren Buffett just dumped $760 million of this stock\u003C/a> appeared first on \u003Ca href=\"https://finbold.com\">Finbold\u003C/a>.\u003C/p>","https://finbold.com/warren-buffett-just-dumped-760-million-of-this-stock/","https://assets.finbold.com/uploads/2024/09/Warren-Buffett-just-dumped-760-million-of-this-stock.jpg","[\"Stocks news\",\"Bank of America\",\"Stocks\",\"Warren Buffett\"]","[\"BAC\"]","[{\"name\":\"BAC\",\"logo\":\"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/protocols/bac.png\"}]","41",[],[],"https://toscalepublic.s3.eu-west-2.amazonaws.com/images/news-feeds/sources/finbold.png","Finbold",null,"","[\"Crypto\"]","0","EN","1"]