.Warren Buffett speaks during the course of the Berkshire Hathaway Annual Shareholders Satisfying in Omaha, Nebraska on May 4, 2024. u00c2 CNBCWarren Buffett's Berkshire Hathaway unloaded yet another piece of Bank of America portions, delivering its overall sales to more than $7 billion considering that mid-July and decreasing its stake to 11%. The Omaha-based corporation lost an overall of 5.8 thousand BofA cooperate different purchases on Friday, Monday and Tuesday for just about $228.7 million at an average selling price of $39.45 per share, according to a newu00c2 governing filing.The most up-to-date action presented Berkshire's selling touch to 12 successive sessions, matching the 12 successive treatments from July 17 to Aug. 1. Berkshire has offered greater than 174.7 million allotments of the Charlotte-based banking company for $7.2 billion, along with 858.2 thousand shares continuing to be, or even 11.1% of shares outstanding. BofA has been up to the No. 3 location on Berkshire's list of best holdings, routing behindu00c2 Appleu00c2 andu00c2 American Express. Just before the marketing spree, BofA had actually long been Berkshire's second greatest holding.Moynihan on BuffettBuffett notoriously purchased $5 billion worth of BofA's participating preferred stock and warrants in 2011 in the results of the economic problems. He converted those warrants in 2017, producing Berkshire the biggest shareholder in BofA. The " of Omaha" at that point added 300 thousand additional shares to his wager around 2018 as well as 2019. BofA chief executive officer Brian Moynihan made an unusual review about Berkshire's sales Tuesday, claiming he possesses no expertise of Buffett's inspiration for marketing." I do not recognize exactly what he's performing, because frankly, our team can not ask him. Our company would not talk to," he pointed out throughout Barclays Global Financial Companies Seminar, depending on to a records on FactSet. "But meanwhile, the market's taking in the inventory ... our company are actually buying a portion of the inventory, consequently lifestyle is going to go on." Assets Chart IconStock chart iconBank of AmericaShares of BofA have actually dipped almost 1% because the start of July, as well as the assets is up 16.7% this year, somewhat surpassing the S&P 500. Moynihan, that has actually been leading the financial institution given that 2010, complimented the 94-year-old's shrewd expenditure in his financial institution in 2011, which aided bolster confidence in the embattled financial institution having a hard time losses connected to subprime mortgages." He is actually been a terrific investor for our firm, and also stabilized our provider when we needed to have back then," he said.To explain how beneficial Buffett's investment has been, Moynihan said if investors were actually to acquire his banking company assets the very same time Buffett did, they will possess managed to capture the low price of $5.50 every share. The equity last traded merely under $40 each." He simply had the intestines to perform it in a huge method. As well as he did it. And also it's been a remarkable profit for him. We more than happy that he acquires it," Moynihan said.u00e2 $" CNBC's Alex Crippen contributed reporting.