Berkshire is a conglomerate that owns a portfolio of subsidiaries as well as a portfolio of investments in outside companies, like its stake in Apple. Although the latter often gets more media attention, the businesses that Berkshire controls are a huge part of its bottom line.

Berkshire Hathaway continued to reduce its stake in Bank of America in recent days, selling 11.7 million shares for about $460 million and cutting its interest in the banking company to 10.3%. Berkshire sold the shares on Wednesday,

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Berkshire Hathaway has a broad portfolio of financially healthy companies. Read why BRK.A is an attractive addition to The Dividend Income Accelerator Portfolio.

Jain was subsequently named vice chairman in 2018 alongside Greg Abel, who is now deemed to be Buffett's successor as CEO when Buffett steps down. That's a title granted only to Jain, Abel, and the late Charlie Munger.

Robert Pearl, co-founder and wealth advisor at G&P Financial, currently holds Berkshire Hathaway Class B shares in some client portfolios and does not plan on parting with them anytime soon.

Warren Buffett has purchased $345 million worth of Berkshire Hathaway stock in the June quarter. This brings the year-to-date total to $2.6 billion and nearly $78 billion since 2018. Regular buybacks suggest that Buffett believes Berkshire stock is often undervalued.

Billionaire investor Warren Buffett’s Berkshire Hathaway (NYSE:BRK.A) continued its recent sales of Bank of America (NYSE:BAC) shares on Friday, offloading roughly 3.9M shares to trim its stake to 10.