.Warren Buffett talks in the course of the Berkshire Hathaway Annual Shareholders Satisfying in Omaha, Nebraska on Might 4, 2024. u00c2 CNBCWarren Buffett's Berkshire Hathaway unloaded an additional piece of Bank of The United States allotments, carrying its own total sales to much more than $7 billion given that mid-July and lessening its stake to 11%. The Omaha-based conglomerate lost an overall of 5.8 million BofA shares in distinct sales on Friday, Monday and Tuesday for just about $228.7 million at a typical selling price of $39.45 every reveal, according to a newu00c2 regulatory filing.The latest action presented Berkshire's selling streak to 12 consecutive sessions, matching the 12 successive sessions from July 17 to Aug. 1. Berkshire has actually marketed more than 174.7 million portions of the Charlotte-based bank for $7.2 billion, with 858.2 million shares remaining, or even 11.1% of portions impressive. BofA has actually been up to the No. 3 location on Berkshire's list of top holdings, routing behindu00c2 Appleu00c2 andu00c2 American Express. Just before the selling spree, BofA had actually long been Berkshire's second greatest holding.Moynihan on BuffettBuffett once acquired $5 billion well worth of BofA's preferred stock as well as warrants in 2011 in the after-effects of the economic situation. He turned those warrants in 2017, making Berkshire the most extensive shareholder in BofA. The "Oracle of Omaha" at that point added 300 thousand more portions to his bet around 2018 and 2019. BofA chief executive officer Brian Moynihan produced a rare remark about Berkshire's sales Tuesday, claiming he has no expertise of Buffett's inspiration for marketing." I do not recognize what exactly he's carrying out, since honestly, our team can not inquire him. Our experts would not inquire," he pointed out throughout Barclays Global Financial Providers Meeting, depending on to a transcript on FactSet. "However meanwhile, the marketplace's soaking up the inventory ... our experts are actually acquiring a section of the stock, therefore life is going to go on." Share Chart IconStock chart iconBank of AmericaShares of BofA have actually dipped pretty much 1% since the begin of July, and the share is actually up 16.7% this year, a little outruning the S&P 500. Moynihan, who has actually been leading the financial institution because 2010, praised the 94-year-old's clever expenditure in his financial institution in 2011, which aided shore up confidence in the embattled lender battling with losses tied to subprime home loans." He is actually been a wonderful investor for our provider, as well as stabilized our business when our company needed to have at the time," he said.To emphasize just how beneficial Buffett's assets has actually been actually, Moynihan said if clients were actually to get his financial institution share the same time Buffett did, they would certainly possess managed to grab the low price of $5.50 every share. The stock last traded only under $40 apiece." He just possessed the guts to do it in a major means. And also he performed it. As well as it's been actually a fabulous gain for him. Our company're happy that he receives it," Moynihan said.u00e2 $" CNBC's Alex Crippen contributed coverage.