Berkshire Hathaway owns dozens of stocks in its public equities portfolio. Behind Apple, the top holding by a mile, the conglomerate has a huge position in Bank of America (NYSE: BAC). The financial services giant represents over 10% of the portfolio, valued at $37 billion. So should you buy this top Warren Buffett holding with $100 right now?

Here are some important factors to consider before you decide to follow the Oracle of Omaha and scoop up this bank stock.

It's not difficult to recognize Bank of America's numerous competitive advantages. The business has a powerful brand that's recognized across the globe. This helps draw in customers who trust the bank's long and successful history.

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Source Fool.com