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
, which it bought in the second quarter,
But he added to his position in longtime favorite
, 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
The rest of its holdings remained unchanged.
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--Written by Shanthi Bharatwaj in New York
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