The legendary investor is making big moves with Berkshire Hathaway's stock portfolio.

Key Takeaways Warren Buffett's Berkshire Hathaway sold more Bank of America stock to end August and start September, trimming its stake in nine straight trading sessions.The latest selling spree comes after the firm sold millions of shares in July after Bank of America stock hit a two-year high following an earnings beat.

Warren Buffett’s investment company, Berkshire Hathaway, reported a significant increase in its cash and short-term investments. The company now has around $277 billion as of June 30. This increase is a result of the company selling off shares of multiple companies,