Buffett Sells More BofA Shares After Buybacks Push His Stake Back Above 10%

Warren Buffett sold another slug of Bank of America Corp. stock after the lender repurchased enough of its own shares to nudge his stake back above 10% — a regulatory threshold that requires rapid disclosure.

Buffett’s Berkshire Hathaway Inc. reaped about $370 million selling stock this week, according to a filing Thursday detailing his 16th round of disposals since mid-July. That trimmed Berkshire’s stake in the second-biggest US bank to 9.97%.