.Warren Buffett talks during the Berkshire Hathaway Yearly Shareholders Complying With in Omaha, Nebraska on May 4, 2024. u00c2 CNBCWarren Buffett's Berkshire Hathaway offloaded yet another piece of Financial institution of America reveals, taking its own total sales to greater than $7 billion since mid-July as well as decreasing its stake to 11%. The Omaha-based empire lost a total of 5.8 million BofA cooperate different purchases on Friday, Monday as well as Tuesday for nearly $228.7 million at a common asking price of $39.45 per allotment, according to a newu00c2 governing filing.The most current activity extended Berkshire's marketing streak to 12 successive treatments, matching the 12 successive sessions from July 17 to Aug. 1. Berkshire has actually sold more than 174.7 million allotments of the Charlotte-based bank for $7.2 billion, along with 858.2 million portions staying, or even 11.1% of allotments outstanding. BofA has actually fallen to the No. 3 area on Berkshire's listing of leading holdings, tracking behindu00c2 Appleu00c2 andu00c2 American Express. Just before the selling field day, BofA had actually long been Berkshire's second most significant holding.Moynihan on BuffettBuffett once bought $5 billion really worth of BofA's preferred stock and also warrants in 2011 in the upshot of the monetary crisis. He transformed those warrants in 2017, making Berkshire the largest shareholder in BofA. The " of Omaha" after that incorporated 300 thousand more allotments to his wager around 2018 and also 2019. BofA CEO Brian Moynihan created a rare remark concerning Berkshire's sales Tuesday, stating he has no expertise of Buffett's motivation for selling." I don't understand just what he's doing, since truthfully, our team can not inquire him. Our company wouldn't talk to," he said during Barclays Global Financial Providers Seminar, depending on to a records on FactSet. "But on the contrary, the marketplace's absorbing the inventory ... we are actually acquiring a section of the inventory, therefore life will happen." Equity Chart IconStock chart iconBank of AmericaShares of BofA have actually dipped practically 1% since the start of July, and also the equity is actually up 16.7% this year, somewhat outruning the S&P 500. Moynihan, who has actually been leading the financial institution since 2010, complimented the 94-year-old's clever expenditure in his financial institution in 2011, which helped reinforce assurance in the embattled lender dealing with losses linked to subprime mortgages." He's been actually an excellent financier for our business, and also stabilized our company when our team needed to have back then," he said.To emphasize just how lucrative Buffett's expenditure has been actually, Moynihan said if investors were actually to get his bank stock the exact same time Buffett carried out, they would certainly possess managed to record the low cost of $5.50 per allotment. The equity last traded only under $40 each." He simply possessed the intestines to do it in a significant means. And he did it. And also it is actually been an incredible profit for him. We're happy that he gets it," Moynihan said.u00e2 $" CNBC's Alex Crippen assisted coverage.