06:43 AM EDT, 10/11/2024 (MT Newswires) -- Berkshire Hathaway (BRK.A) unloaded a further $382.4 million of shares in Bank of America ( BAC ) over three days, a regulatory filing on Thursday showed.

Reuters reported that this latest round of disposals has trimmed the conglomerate's stake in the bank to below a 10% regulatory threshold requiring rapid disclosure.

According to the report, Warren Buffet's 9.99% holding is now small enough for him to provide updates quarterly instead of within a few days. Berkshire remains the bank's biggest stockholder.