Jin Rong Jie·2025-12-24 07:23Group 1 - Berkshire Hathaway reduced its stake in Bank of America by $1.92 billion in Q3 2025, bringing its total holdings in the bank to approximately $29.3 billion [1] - This marks the continuation of Berkshire's multiple quarters of reductions in its holdings of Bank of America since Q3 2024 [1] - Berkshire's investment in Bank of America began in 2011 when it injected $5 billion to assist the bank during the financial crisis, making it a significant long-term holding [1] Group 2 - In addition to Bank of America, Berkshire also significantly reduced its stake in Apple by approximately $10.6 billion, marking the second consecutive quarter of reductions in this stock [1] - The reduction in Verizon shares is interpreted as an effort to keep its ownership below the 10% regulatory disclosure threshold to avoid additional compliance obligations [1] - Berkshire completely exited its position in homebuilder D.R. Horton and reduced its holdings in healthcare company DaVita and some cyclical stocks [1] Group 3 - According to the U.S. Department of Commerce, the preliminary estimate for Q3 2025 shows that the U.S. GDP grew at an annualized rate of 4.3%, which is higher than the previous quarter [1]