Warren Buffett extended his sales of Bank of America Corp. shares into September, reaping a total of $6.97 billion since the spree of disposals started in mid-July.
In the latest round of transactions, disclosed in a regulatory filing Thursday, his Berkshire Hathaway Inc. liquidated $760 million of the stock since Tuesday.
Still, Berkshire remains Bank of America's top shareholder, with a roughly 11% stake valued at $34.7 billion, based on the latest closing price Thursday.
If Berkshire keeps selling, its stake in the second-largest U.S. bank could soon slide below the 10% regulatory threshold that requires his conglomerate to disclose transactions within a few days.
