Warren Buffett Is Selling Bank of America Stock and Buying This High-Yield Investment Instead

• It's a unsocial stock, successful much ways than one, successful the Berkshire Hathaway equity portfolio.

• It's besides a astir 125-year-old institution fewer radical cognize about.

• 10 stocks we similar amended than Lamar Advertising ›

For galore years, Berkshire Hathaway (NYSE: BRK.A)(NYSE: BRK.B) Chief Executive Officer Warren Buffett was a dedicated fiscal manufacture bull. Berkshire resolutely held connected to stakes successful apical assemblage companies successful its equity portfolio, successful immoderate instances for decades.

One of the much caller Berkshire plays successful the assemblage was its acquisition of Bank of America stock, an eventful communicative I'll lone interaction connected concisely here. The enforcement summary is that Berkshire started selling disconnected this sizeable holding successful 2024. Meanwhile, 1 of the fewer companies Berkshire has bought during the past fewer months is simply a acold much low-key institution that pays a amazingly generous dividend.

In 2011, Berkshire piled into Bank of America successful a splashy woody that saw it get large stacks of the lender's preferred banal and warrants. Before long, those warrants converted into Bank of America communal shares, the securities Berkshire has been unloading for much than a twelvemonth now.

At the extremity of the 2nd 4th of 2024, Berkshire owned a small much than 1.03 cardinal shares of the lender's communal stock. That fig fell successful each consequent frame, to the constituent where, by the extremity of Q3 2025, it stood astatine astir 568 cardinal shares.

For a institution truthful intimately identified with 1 of the world's astir renowned banal buyers, Berkshire didn't really instrumentality connected excessively galore caller equity positions arsenic it sold the bank's shares.

One of those uncharacteristic caller buys was that of Lamar Advertising (NASDAQ: LAMR). This was a caller presumption successful the 2nd quarter, with astir 1.17 cardinal shares purchased. As of this writing, that involvement is worthy much than $159 million.

While Lamar isn't precisely an obscure company, it definite doesn't person the wide designation of Bank of America (or Berkshire Hathaway, for that matter). Let's instrumentality a person look to spot if we tin find wherefore Buffett and his squad mightiness person wanted to ain it, and whether investors should see buying shares, too.

Lamar is an out-of-home (OOH) advertizing institution that specializes successful billboards, arsenic good arsenic surfaces connected nationalist proscription systems and thoroughfare furniture. All told, according to Lamar, it has astir 363,000 of these spaces passim the U.S. and Canada.

If you cruise on a U.S. highway, there's a bully accidental the billboards extracurricular your model are Lamar's. The institution has said its OOH marketplace stock is astir 25%. This gives Lamar thing of a moat, a diagnostic that ever appeals to Buffett and the Berkshire folks.