Summary by Futu AI
Berkshire Hathaway Inc. has filed an amendment to its Schedule 13G, indicating changes in its beneficial ownership of Bank of America Corporation common stock. The filing, dated September 30, 2024, and submitted on November 14, 2024, shows that Warren E. Buffett and various subsidiaries of Berkshire Hathaway collectively hold a significant number of shares with shared voting and dispositive power. The total shares beneficially owned by the reporting entities amount to 797,683,307 shares, representing 10.4% of the class, by Berkshire Hathaway Inc. alone. Other entities such as National Indemnity Company and GEICO Corporation also report substantial holdings, with 564,884,941 shares (7.3%) and 311,780,000 shares (4.1%) respectively. The filing indicates that the shares are not acquired for the purpose of changing or influencing the control of the issuer, Bank of America Corporation. The filing includes a list of subsidiaries and their respective shareholdings, with percentages ranging from less than 0.1% to 10.4% of the class represented.