Warren Buffett’s Berkshire Hathaway sold 50% of its Bank of America holdings. This portfolio adjustment occurs ahead of Buffett’s scheduled retirement on December 31, 2025.
Berkshire reallocated approximately $1.2 billion from the sale into an integrated oil and gas company.
The move follows concerns regarding Bank of America’s sensitivity to interest rate fluctuations. As the Federal Reserve enters a rate-easing cycle, the bank’s interest income is expected to decline relative to its industry peers.