Berkshire Hathaway possibly trimmed Bank of America stake again in Q2

Berkshire Hathaway (NYSE:BRK.A) (NYSE:BRK.B) might have continued trimming its Bank of America (NYSE:BAC) stake in Q2, with its latest quarterly report offering some clues.

Bank of America (NYSE:BAC) was still among Berkshire’s (NYSE:BRK.B) top-five largest holdings at June 30, 2025. Berkshire first started unwinding BofA in July 2024.

During the three-month period, Berkshire (NYSE:BRK.B) offloaded some $6.9B of stocks, generating a $5.3B pretax gain. At the same time, it purchased about $4B of equities.

Individual stock purchases and sales were not disclosed in the Q2 filing, although a reduction in Berkshire’s (NYSE:BRK.B) ~631M-share stake (as of March 31, 2025) would align with the reported figures, Barron’s reported.

Barron’s pegs Berkshire’s (NYSE:BRK.B) cost basis at around $7 per share, since the bulk of its billion-plus share position was originally acquired some ten years ago through warrants with a $7 strike price. BofA (NYSE:BAC) shares averaged $42 each in Q2, the article said, citing Bloomberg data.

That puts Berkshire’s (BRK.B) cost at about 17% of the Q2 market price, matching the reported gain.

BAC shares have trailed the broader stock market’s year-to-date return by nearly two percentage points, making it the worst performer among its megabank peers.

Berkshire’s (BRK.B) earnings report, released Saturday, disappointed investors, with the stock down 3.2% in Monday midafternoon trading.