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Buffett cashes out Bank of America again!
Berkshire Hathaway, owned by Buffett, reduced its holdings of Bank of America for three consecutive trading days on September 3, 4, and 5, 2024, worth about $760 million.
As early as mid-July, Buffett began to reduce his holdings by nearly $7 billion, and currently holds about $34.7 billion.
Berkshire's second quarter U.S. stock holdings report showed that the company directly cut its Apple position in half, from 790 million shares to 400 million shares, and as of the end of the quarter, the market value of its holdings was $84.2 billion.
And the cash was used to buy U.S. Treasury bonds. It can be seen that there is a serious lack of confidence in the recovery of the U.S. economy.