.Warren Buffett speaks during the course of the Berkshire Hathaway Annual Investors Meeting in Omaha, Nebraska on May 4, 2024. u00c2 CNBCWarren Buffett's Berkshire Hathaway unloaded one more piece of Bank of United States shares, taking its complete purchases to more than $7 billion given that mid-July and minimizing its own stake to 11%. The Omaha-based conglomerate dropped a total of 5.8 thousand BofA shares in separate purchases on Friday, Monday and also Tuesday for nearly $228.7 thousand at a typical asking price of $39.45 per portion, conforming to a newu00c2 regulatory filing.The most up-to-date activity presented Berkshire's selling touch to 12 successive sessions, matching the 12 consecutive sessions from July 17 to Aug. 1. Berkshire has actually marketed greater than 174.7 million reveals of the Charlotte-based bank for $7.2 billion, with 858.2 thousand allotments staying, or 11.1% of portions exceptional. BofA has fallen to the No. 3 spot on Berkshire's listing of best holdings, tracking behindu00c2 Appleu00c2 andu00c2 American Express. Just before the selling field day, BofA had actually long been Berkshire's second biggest holding.Moynihan on BuffettBuffett notoriously acquired $5 billion well worth of BofA's preferred stock and also warrants in 2011 in the results of the financial problems. He converted those warrants in 2017, producing Berkshire the largest investor in BofA. The " of Omaha" at that point added 300 million even more portions to his wager around 2018 and also 2019. BofA CEO Brian Moynihan produced an uncommon comment about Berkshire's sales Tuesday, stating he has no understanding of Buffett's incentive for marketing." I do not understand exactly what he's doing, because seriously, our experts can not inquire him. We definitely would not ask," he claimed throughout Barclays Global Financial Companies Seminar, according to a records on FactSet. "Yet however, the marketplace's taking in the inventory ... we are actually acquiring a section of the stock, and so life will go on." Equity Chart IconStock chart iconBank of AmericaShares of BofA have dipped pretty much 1% since the start of July, and the equity is actually up 16.7% this year, a little outmatching the S&P 500. Moynihan, who has actually been leading the banking company since 2010, applauded the 94-year-old's clever financial investment in his banking company in 2011, which aided fortify confidence in the embattled finance company having a problem with losses tied to subprime mortgages." He is actually been actually a fantastic real estate investor for our provider, as well as maintained our company when our team required at that time," he said.To emphasize how financially rewarding Buffett's investment has been, Moynihan pointed out if clients were to acquire his financial institution share the same day Buffett carried out, they would possess had the ability to grab the low price of $5.50 every share. The equity last traded only under $40 each." He only had the digestive tracts to do it in a large means. And also he performed it. And it is actually been a magnificent profit for him. Our company more than happy that he acquires it," Moynihan said.u00e2 $" CNBC's Alex Crippen contributed coverage.