Buffett began building the investment in Bank of America with a $5 billion deal in 2011 for preferred stock and warrants, making Berkshire the bank's biggest stockholder.
Berkshire trimmed its stake in Bank of America to 11.4%, and under US rules, this change will affect how quickly it needs to disclose further sales.
Berkshire Hathaway has sold $848 million worth of Bank of America shares recently, part of a strategy that has resulted in $6.2 billion in gains.
The selling spree started without explanation from Buffett, impacting BofA's share price since mid-July amid ongoing speculation and concern from investors.
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