Skip navigation

Warren Buffett Watch

RSS FEED

» Help

Current DateTime: 11:05:59 16 Nov 2009
LinksList Documentid: 30078629
powered by digg
Warren Buffett Resolves the 'Mystery' of the 'Missing' Bank of America Stake
Published: Monday, 20 Apr 2009 | 1:04 PM ET
Text Size
By: Alex Crippen
Executive Producer

'Mystery' of the 'Missing' Stake: Resolved
In a conversation published today focusing on why he likes Wells Fargo, Warren Buffett told Fortune's Adam Lashinsky: "We own stock in four banks: USB, Wells, M&T, and SunTrust."

That raised a question in my mind.  What about Bank of America?

Berkshire Hathaway's fourth quarter SEC filing shows Berkshire owned 5 million shares of B of A as of December 31, 2008.  Earlier in the year, that stake had been cut from 9.1 million shares.

We now have the answer to the 'mystery' of the 'missing' B of A shares.

CNBC Squawk Box co-anchor Becky Quick called Buffett and asked him.

He tells her today the Bank of America's stake didn't come to mind because he, personally, had not bought any of the shares.  They were, instead, purchased for Geico by the Berkshire subsidiary's independent stockpicker, Lou Simpson.

Buffett checked, and tells Becky that as of March 31, Geico, and thus Berkshire, still owned the five million share stake in Bank of America.

Current stock prices:

Berkshire Portfolio

Berkshire Class A: [US;BRK.A  Loading...      ()   ]

Berkshire Class B: [US;BRK.B  Loading...      ()   ]

Wells Fargo: [WFC  Loading...      ()   ]

USB: [USB  Loading...      ()   ]

M&T: [MTB  Loading...      ()   ]

SunTrust: [STI  Loading...      ()   ]

Bank of America: [BAC  Loading...      ()   ]

For more Buffett Watch updates follow alexcrippen on Twitter.

Questions?  Comments?  Email me at

© 2009 CNBC, Inc. All Rights Reserved
Add This share icon
Text Size
  • digg share
ADD COMMENTS
Remaining characters


Current DateTime: 01:12:16 16 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 10:28:53 16 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 07:02:14 16 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 10:42:55 16 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters