According to the latest public documents, the leader of shareholder Warren Buffett $Berkshire Hathaway-A (BRK.A.US)$in the latest trade sold about 34 million shares for a price of $1.48 billion.$Bank of America (BAC.US)$stocks for the past ten years.

Despite the shareholding reduction, Berkshire Hathaway still holds over 0.998 billion shares of Bank of America's stocks, with a market cap exceeding $42 billion, which ranks stably as the largest shareholder of the bank. It is worth noting that the stock price of Bank of America has already risen 7.9% just this month.

Looking back in history, in 2011, Buffet invested $5 billion in Bank of America and obtained the rights to preferred stocks and common stock purchase. This investment not only injected confidence into Bank of America after the financial crisis but also dispelled the market's doubts about its capital adequacy. Subsequently, Bank of America's stock price rapidly rose, bringing huge gains to Berkshire Hathaway's book profits.

Buffet not only used these rights to increase his shares but also further increased the shareholding ratio through additional purchases, eventually becoming one of Bank of America's largest shareholders. This legendary figure in the investment industry's long-term investment strategy also reflects his firm trust in Bank of America CEO, Brian Moynihan's management ability.

Buffet's series of actions not only recognizes the financial health and future prospects of Bank of America but also shows his trust in its management team's capabilities. Despite the recent reduction in holdings, Berkshire Hathaway's significant shareholding in Bank of America reflects Buffet's continuous bullish view on the bank's long-term value.

Editor/Somer