若不考虑税收的影响，巴菲特自7月中旬以来抛售美银股票的总收益、加上自2011年以来获得的股息，已经超过了其购买美银股票所支出的146亿美元。According to the latest documents submitted to the SEC, Warren Buffett's Berkshire Hathaway has once again sold off the stocks of Bank of America, cashing out $0.896 billion. After this sale, the investor has recovered all of his investment costs in the stock. Currently, the $34 billion worth of Bank of America stocks held by Berkshire Hathaway will become pure profit for the company.
On September 20th, Warren Buffett, the 'Stock God,' once again started selling stocks of $Berkshire Hathaway-A (BRK.A.US)$ recently. $Bank of America (BAC.US)$ After this cash-out, the investor has recovered all of his investment costs in the stock.
According to Berkshire Hathaway's latest shareholding declaration filed with the SEC, the company sold stocks worth $0.896 billion over the three trading days from September 17th to September 19th, reducing its holdings in the bank to $34 billion, representing a 10.8% stake.
If we don't consider the impact of taxes, Warren Buffett's total earnings from selling Bank of America stocks since mid-July, plus the dividends received since 2011, have exceeded the $14.6 billion spent on purchasing the Bank of America stocks.
This means that the $34 billion worth of stocks currently held by Berkshire Hathaway will become pure profit for the company.
Buffett bought preferred shares and warrants of Bank of America for $5 billion in 2011, and then exercised the right to exchange them for common shares in 2017. This move allowed Buffett to make a net profit of over $12 billion, making him the largest shareholder of Bank of America and a highlight of his investment career.
After making a big profit from the exercise in 2017, Buffett also started to 'do T' on Bank of America's stock. For example, he increased his holding in multiple increments in 2018 and 2019, totaling close to 270 million shares, and then reduced his holding by 45.6 million shares in the third and fourth quarters of 2019. He made a significant increase in July 2020, buying more than 1 billion shares in four separate transactions, and then sold 22.8 million shares in the third quarter of 2020. In the first quarter of 2023, he bought back 22.8 million shares.
Regarding Buffett's recent sale of Bank of America stocks, Bank of America CEO Brian Moynihan has stated that he has not asked the legendary investor why he continues to reduce his holdings of Bank of America stocks. 'We cannot ask, and we will not ask.'
Editor/Somer