When Warren Buffett dramatically trimmed his Apple holdings, Stephanie Link, chief investment strategist and portfolio manager at Hightower Advisors, followed suit. She agreed with Buffett that the time was right for profit taking—not least because she thinks the AI-equipped iPhone 16 will not be the “gamechanger” Apple hopes—but, when it comes to another of the Oracle of Omaha's stock sell-offs, Link decided to stand pat.
That stock is Bank of America, which Buffett's Berkshire Hathaway has been dumping en masse. Even though the conglomerate still holds a large position, it sold about $9 billion worth of BoA shares from July through September. Link told Fortune, however, that she is holding on to the stock.
