.Warren Buffett talks throughout the Berkshire Hathaway Annual Investors Satisfying in Omaha, Nebraska on May 4, 2024. u00c2 CNBCWarren Buffett's Berkshire Hathaway offloaded an additional portion of Banking company of United States shares, carrying its overall sales to much more than $7 billion since mid-July and also decreasing its risk to 11%. The Omaha-based empire lost an overall of 5.8 million BofA cooperate different purchases on Friday, Monday and also Tuesday for nearly $228.7 million at an average asking price of $39.45 every portion, conforming to a newu00c2 regulative filing.The most current action presented Berkshire's marketing touch to 12 consecutive sessions, matching the 12 successive treatments coming from July 17 to Aug. 1. Berkshire has actually offered more than 174.7 million shares of the Charlotte-based banking company for $7.2 billion, along with 858.2 thousand reveals continuing to be, or 11.1% of reveals exceptional. BofA has actually been up to the No. 3 place on Berkshire's list of top holdings, routing behindu00c2 Appleu00c2 andu00c2 American Express. Before the marketing spree, BofA had long been actually Berkshire's second greatest holding.Moynihan on BuffettBuffett notoriously bought $5 billion really worth of BofA's preferred stock and warrants in 2011 in the after-effects of the financial situation. He converted those warrants in 2017, making Berkshire the largest investor in BofA. The " of Omaha" then incorporated 300 million more reveals to his bet around 2018 and also 2019. BofA chief executive officer Brian Moynihan created an uncommon opinion concerning Berkshire's purchases Tuesday, claiming he has no know-how of Buffett's motivation for marketing." I do not recognize exactly what he's doing, considering that seriously, our team can't ask him. We wouldn't inquire," he said during Barclays Global Financial Services Seminar, according to a transcript on FactSet. "Yet meanwhile, the marketplace's absorbing the inventory ... our experts're getting a part of the stock, therefore life will definitely happen." Stock Chart IconStock chart iconBank of AmericaShares of BofA have plunged almost 1% because the beginning of July, and also the share is up 16.7% this year, slightly outperforming the S&P 500. Moynihan, who has been leading the banking company since 2010, praised the 94-year-old's shrewd expenditure in his bank in 2011, which helped support self-confidence in the militant financial institution battling with losses connected to subprime home mortgages." He's been a great client for our business, and also supported our business when our company needed to have during the time," he said.To emphasize just how rewarding Buffett's investment has actually been actually, Moynihan mentioned if capitalists were to buy his bank share the very same time Buffett carried out, they would certainly have had the ability to capture the low cost of $5.50 every reveal. The share last traded simply under $40 each." He only had the intestines to perform it in a huge method. And he did it. And it's been a magnificent yield for him. Our company more than happy that he gets it," Moynihan said.u00e2 $" CNBC's Alex Crippen contributed coverage.