Warren Buffett Unloads Bank of America
NEW YORK (TheStreet) -- Billionaire investor Warren Buffett's Berkshire Hathaway sold all its Bank of America (BAC) - Get Report shares, according to the latest filing with the Securities and Exchange Commission.
Berkshire's stake in Bank of America was relatively small at about 5 million shares, valued at about $75 million at today's value. Still, it was among significant exits made during the fourth quarter. Berkshire also unloaded
Fiserv
(FISV) - Get Report
, which it bought in the second quarter,
Nike
(NKE) - Get Report
,
Nestle
,
Nalco
(NLC)
,
Lowe's
(LOW) - Get Report
and
Comcast
(CMCSA) - Get Report
.
But he added to his position in longtime favorite
Wells Fargo
(WFC) - Get Report
, buying 6.2 million shares during the quarter. Wells Fargo now accounts for about 20% of the $52.5 billion portfolio.
Buffett made no new purchases. He pared positions in
Bank of New York Mellon
(BK) - Get Report
and
Moody's
(MCO) - Get Report
.
The rest of its holdings remained unchanged.
You can view
at Stockpickr.
--Written by Shanthi Bharatwaj in New York
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Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.
