SCHEDULE: Berkshire Hathaway Maintains Significant Bank of America Stake

Warren Buffett and Berkshire Hathaway entities report a 7.8% beneficial ownership in Bank of America Corporation as of September 30, 2025.

Summary

• Warren E. Buffett and Berkshire Hathaway Inc. collectively beneficially own 568,070,012 shares of Bank of America Corporation common stock.
• This ownership represents 7.8% of the total class of Bank of America's common stock.
• The beneficial ownership is shared, indicating joint voting and dispositive power among Buffett and Berkshire Hathaway entities.
• Several Berkshire Hathaway subsidiaries, including National Indemnity Company (6.1%), GEICO Corporation (4.2%), and Columbia Insurance Company (1.1%), hold significant portions of this stake.

Sentiment

Score: 7

Explanation: The filing indicates a stable, significant, long-term investment by a highly respected investor, which is generally positive for the issuer's perception, though it's a routine disclosure.

Positives

• The continued significant stake by Warren Buffett and Berkshire Hathaway signals strong confidence in Bank of America's long-term value and stability.
• Berkshire Hathaway's reputation as a long-term, value-oriented investor can provide a degree of stability and investor confidence for Bank of America.

Negatives

• No specific negative information regarding Bank of America's performance or outlook is contained within this ownership disclosure filing.

Future Outlook

This filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance from Bank of America or the reporting persons regarding the issuer's future performance.

Industry Context

The filing reflects a major institutional investor's continued significant stake in a leading U.S. financial institution, which is a common practice for large diversified holding companies like Berkshire Hathaway. It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders of Bank of America may view the continued substantial investment by Berkshire Hathaway as a vote of confidence in the company's long-term prospects.
• The stability of a major shareholder like Berkshire Hathaway can reduce volatility concerns for investors.

Key Dates

Keywords

Bank of America, Berkshire Hathaway, Warren Buffett, BAC, Beneficial Ownership, Schedule 13G, Institutional Investor, Financial Services, Banking