Billionaire Warren Buffett’s Berkshire Hathaway has unloaded extra Bank of America inventory because it continues to trim stake within the U.S. banking big, in keeping with a regulatory submitting.

Berkshire bought practically 8.7 million shares for $370 million, as of Oct. 15, the submitting confirmed.

Last week, Berkshire sold 9.5 million shares price $382.4 million that introduced its stake within the firm to under 10%, in keeping with a separate regulatory submitting.

The funding big started trimming its stake in mid-July when it bought about 33.9 million shares for round $1.48 billion. Since then, it has netted greater than $10 billion from these gross sales.

Buffett, one of many world’s most revered buyers, first invested in Financial institution of America again 2011 when he bought $5 billion price of its most popular inventory.