- BRK-B
- BAC
Let me tell you something about selling a position you’ve held for some time. It’s some strange feeling, trust me. I’ve been there.
Not necessarily in the markets. Maybe it’s a house you once thought you’d never leave. Or maybe it’s an old car that carried you through thousands of miles and gave you golden memories.
The longer you’ve owned it, the harder it becomes to let go. Especially when you still believe in what you’re selling.
Warren Buffett built one of the most famous positions in American banking over more than a decade.
His stake in Bank of America (BAC) became a signature holding, a bet on the recovery of American finance and the durability of consumer banking through multiple cycles. Now, the latest 13F filing from Berkshire Hathaway shows that the position is shrinking.
Berkshire sold approximately 30.2 million shares of Bank of America during Q2 2026, for an estimated $1.6 billion, according to its 13F filing.
The sale includes the closure of one position worth approximately $1.377 billion, plus a partial trim of an additional 1.99 million shares.
Currently, BAC remains the fifth-largest holding in Berkshire’s portfolio at approximately 9.20% Trading at $62.95 and up 15.69% year to date, BAC has slightly outpaced the S&P 500 in 2026, even as Berkshire reduces exposure
The Greg Abel portfolio consolidation is happening faster than expected
The Bank of America sale isn’t the only one. There has been a broader portfolio restructuring that began when Greg Abel took over as Berkshire CEO at the start of 2026, succeeding Warren Buffett.
A combined Morningstar analysis of the filing noted that Berkshire eliminated holdings previously ascribed to former portfolio managers Todd Combs, who left at year-end, and Ted Weschler.
The firm sold stakes in Lennar Class A for an estimated $830 million, Capital One for $795 million, and Kroger for $700 million in the same quarter.
At the same time, the major purchases reveal where Abel and Buffett are directing capital. Berkshire bought an estimated $7.9 billion in Alphabet Class A and $7.6 billion in Alphabet Class C during Q2, plus $1.4 billion in Delta Air Lines and $1.1 billion in Lennar Class B.
The Alphabet position, now sitting at approximately 9.41% of the portfolio is one of the clearest signals that the post-Buffett Berkshire is comfortable with large technology positions in a way the prior era was not
