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Buffett has cashed out $9 billion from US banks and has over $30 billion to sell
On September 26, Jinshi data, Buffett’s Berkshire Hathaway (BRK.A.N, BRK.B.N) latest filing on Tuesday showed that the company dumped more shares of Bank of America (BAC.N), cashing out about $9 billion since July. Data shows that Berkshire Hathaway currently holds 10.5% of the shares of this large American bank, worth $32.13 billion. If the shareholding drops below 10%, it will no longer need to report the sale of equity on a regular basis.