CEO Greg Abel excluded Bank of America from the list of core long-term investments in his inaugural letter to Berkshire Hathaway shareholders. Bank of America currently ranks as one of the firm's top five holdings by market value. The letter solidified Apple and American Express as permanent long-term holdings.
Berkshire Hathaway reduced its stake in Bank of America by 9% during the fourth quarter of 2025. This exclusion indicates a potential shift in the firm's view of the bank as a forever stock.
Bank of America shares faced additional downward pressure from geopolitical tensions in the Middle East. The firm has made no direct announcement regarding further sales of the bank's stock.