On February 14, Berkshire Hathaway, led by Warren Buffett, disclosed a new investment in alcoholic beverages producer Constellation Brands and announced reductions in its holdings of Citigroup and Bank of America.
According to a regulatory filing, Berkshire finished 2024 with 5.62 million Constellation shares valued at $1.24 billion. The company reduced its Citigroup stake by 74% to 14.6 million shares and decreased its Bank of America stake, previously its second-largest common stock holding, by 15% to 680.2 million shares.
Furthermore, Berkshire seems to have halted its reduction in Apple holdings, maintaining 300 million shares at the year’s end, the same as on September 30. The company had 790 million shares of the tech giant at the close of 2023.