Berkshire Hathaway Slashed Its Stake in US Bancorp by More than 60% in Four Months

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In recent quarters, Buffett’s company has made sweeping changes to its bank holdings. It exited its wagers on JPMorgan, Goldman Sachs, and other Wall Street players between 2020 and 2021. On the other hand, it topped up its massive Bank of America stake in the summer of 2020, and built a nearly $3 billion position in Citigroup in the first quarter of this year.