(Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. sold an additional $863 million of Bank of America Corp. stock, trimming the conglomerate’s stake closer to a 10% regulatory threshold.

Most Read from Bloomberg

• Eric Adams' Vanishing Promise to Fix NYC's 'Unfair' Property Taxes

• Waiting for the Miracle of Church-to-Housing Development

• Unlocking the Hidden Power of Zoning, for Good or Bad

• NY’s MTA Warns Against Borrowing More Than $13 Billion

• Exclusive Palo Alto Girls School Borrows $106 Million

Berkshire now owns 10.5% of the second-largest US bank after the latest disposals on the three trading days through Tuesday, according to a regulatory filing. As long as it remains above the threshold, the company must disclose trades within a few days.

Buffett, 94, began trimming the massive investment in mid-July. Even after months of sales, Berkshire’s remaining stake in Bank of America is worth $32.1 billion, based on Tuesday’s closing price, preserving its perch as the largest shareholder.

Most Read from Bloomberg Businessweek

• Palantir’s CEO and Wall Street Annoy Each Other Straight to the Bank

• Five Reasons to Be Optimistic About the Entertainment Business

• Threats to Local US Election Officials Are Rising, and More Workers Are Quitting

• The Man Who Made Nike Uncool

• In Yosemite, Problems With Concessions Keep Piling Up

©2024 Bloomberg L.P.