Warren Buffetts Berkshire Hathaway has reduced its stake in Bank of America below 10%, selling 9.5 million shares worth $382.4 million, according to an October 10 regulatory filing. This significant move signals

Warren Buffett's Berkshire Hathaway has reduced its stake in Bank of America to below 10% amid a selling spree that started in mid-July. In a Thursday night filing with the U.S. Securities and Exchange Commission,

However, Berkshire seems to remain confident in the utility and energy sectors, as evidenced by its sizable positions in Chevron and Occidental Petroleum, as well as a decision to buy the remaining 8% stake in Berkshire Hathaway Energy (or BHE, for short) -- giving Berkshire total control of the entity.

Billionaire investor Warren Buffett's Berkshire Hathaway (NYSE:BRK.A) (BRK.B) unloaded more shares of Bank of America (NYSE:BAC) this week, bringing its total holding in the U.S. banking giant to marginally below 10%.