After Berkshire Hathaway Sold 235 Million Shares of Bank of America in Q3, This Is Its New Second-Largest Holding

In recent quarters, Warren Buffett and his team at Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) have made headlines by consistently selling more stock than they bought. Buffett's decisions to unload significant fractions of his Apple and Bank of America positions, among others, have sparked much speculation about how the Oracle of Omaha views the market's current lofty valuations.According to Berkshire's 13-F filing with the Securities and Exchange Commission for the third quarter, the conglomerate sold more than 235 million shares of Bank of America stock. The megabank has been a part of its portfolio since 2011, but those sales dropped it to Berkshire's third-largest stock holdingThat leaves American Express (NYSE: AXP) in second place. Berkshire has held American Express for three decades now, and it will likely remain a core holding in its portfolio over the long term. Here's why.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool