If Berkshire drops its stake under 10%, it will no longer have to file with the SEC for any changes in its Bank of America holding within two business days. Berkshire would have t

Wall Street thought Berkshire had a lot of cash last year when the company had $189 billion of cash and cash equivalents on its balance sheet. But today, the conglomerate is sitting on a record $277 billion war chest -- a figure that equates to 27% of its current market capitalization.

Warren Buffett's Berkshire Hathaway (NYSE:BRK.B) has shed more Bank of America (NYSE:BAC) stock, selling shares worth about $900M and bring its stake in the lender down to 10.8%. Berkshire (BRK.B) sold 22.

Warren Buffett’s Berkshire Hathaway has sold another chunk of Bank of America shares. The sales total more than $7 billion since mid-July and reduce Berkshire’s stake to 11%. The conglomerate sold 5.8 million BofA shares in separate sales on Friday,