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Billionaire Warren Buffett Sold $10.5 Billion of Bank of America Stock, but Has Spent Almost $78 Billion Piling Into Another Financial Colossus

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Warren Buffett dumped $10.5 billion of Bank of America stock, but has spent almost $78 billion Piling into another Financial Colossus.

Buffett 's outstanding returns and investing prowess are what have made him one of the most-followed money managers on Wall Street.

The Oracle of Omaha has dumped more than a quarter of Berkshire Hathaway 's stake in BofA since mid-July .

Warren Buffett has spent almost $78 billion buying shares of his favorite financial stock since July 2018 .

Berkshire Hathaway 's quarterly results show no trace of this big-time buying activity on Form 13Fs.

For the first time in 25 quarters , the Oracle of Omaha didn't purchase his own company's stock in the latest quarter .

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