Berkshire Hathaway Inc. CEO Warren Buffett has cut his stake in U.S. Bancorp (NYSE: USB) by more than half, according to recent securities filings.
According to an SEC disclosure on Thursday, Buffett now holds 53 million shares (or a 3.6% stake) in the Minneapolis-based regional bank. That's down from 8.5% in May.
It is unclear when the sale occurred.
Buffett's reduction in U.S. Bank holdings was initially reported by Reuters.
Barron’s reported earlier this week that Berkshire’s third-quarter…
