Warren Buffett’s Berkshire discloses 568M Bank of America shares
Rhea-AI Filing Summary
Bank of America Corporation received an updated ownership report on its common stock from Warren E. Buffett, Berkshire Hathaway Inc. and a broad group of Berkshire insurance and finance subsidiaries. The group reports beneficial ownership of 568,070,012 Bank of America common shares, representing 7.8% of the outstanding class, with shared voting and dispositive power over these shares and no sole power. Major holding entities include National Indemnity Company, GEICO-related companies, Columbia Insurance Company and others within the Berkshire group. The filers certify that the shares were not acquired and are not held for the purpose of changing or influencing control of Bank of America, indicating a passive investment position under Schedule 13G/A.
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Insights
Berkshire reports a large, passive 7.8% stake in Bank of America.
Berkshire Hathaway, led by Warren E. Buffett, reports beneficial ownership of 568,070,012 shares of Bank of America common stock, equal to 7.8% of the class. Voting and dispositive authority over these shares is described as shared among Berkshire and numerous insurance and finance subsidiaries, with no sole voting or dispositive power listed.
The use of Schedule 13G/A and the explicit certification that the securities "were not acquired and are not held" to change or influence control frame this as a passive ownership position. This distinguishes it from activist or control-focused filings and aligns with long-term portfolio-style holdings often associated with Berkshire’s insurance and investment operations.
Within the group, several entities report sizeable blocks, such as National Indemnity Company and multiple GEICO-branded companies, while Berkshire Hathaway Inc. itself is identified as a parent holding company and control person. Future changes in the reported share count or percentage in subsequent ownership reports would indicate adjustments to this large strategic position.
FAQ
How much of Bank of America (BAC) does Warren Buffett’s Berkshire Hathaway own?
The Berkshire Hathaway group, including Warren E. Buffett and numerous subsidiaries, reports beneficial ownership of 568,070,012 Bank of America common shares, representing 7.8% of the outstanding class.
Is Berkshire Hathaway’s Bank of America (BAC) stake a passive investment?
Yes. The filers certify that the Bank of America securities "were not acquired and are not held" for the purpose of changing or influencing control of the issuer, consistent with a passive Schedule 13G/A filing.
Who are the main reporting persons in this Bank of America Schedule 13G/A amendment?
The filing lists Warren E. Buffett, Berkshire Hathaway Inc., and many Berkshire subsidiaries, including National Indemnity Company, GEICO Corporation, Government Employees Insurance Company, GEICO Indemnity Company, Columbia Insurance Company, General Re Corporation, and others.
What voting power does Berkshire have over its Bank of America (BAC) shares?
For the 7.8% stake reported, the filing shows 0 shares with sole voting power and 568,070,012 shares with shared voting power, with an identical split for dispositive power.
Which Berkshire subsidiaries hold significant Bank of America shares?
Subsidiaries reporting sizable positions include National Indemnity Company with 450,665,500 shares (6.1% of the class) and GEICO Corporation with 310,800,000 shares (4.2%), along with several related insurance companies holding smaller blocks.
What type of securities are reported in this Berkshire Schedule 13G/A for Bank of America?
The filing covers Bank of America Corporation Common Stock, par value $0.01 per share, identified by CUSIP 060505104.