Berkshire Hathaway Sells $6.2 Billion in Bank of America Shares

Warren Buffett's firm reduces its stake by nearly 15% over six weeks, remaining the bank's largest shareholder.

Berkshire Hathaway has sold 150.1 million Bank of America shares since mid-July.
The sales have added around $6 billion to Berkshire's cash reserves.
Despite the reductions, Berkshire retains an 11.4% stake in Bank of America.
The reasons behind the sales remain undisclosed by Buffett or Berkshire.
Berkshire's cash pile reached a record $277 billion as of June 30.