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Berkshire Hathaway Exits Citigroup, Boosts Constellation Brands Stake

Warren Buffett's firm continues rebalancing its portfolio, reducing major financial holdings while doubling down on the beverage sector and maintaining record cash reserves.

People watch as Berkshire Hathaway chairman Warren Buffett is seen on a screen speaking at the Berkshire Hathaway Inc annual shareholders' meeting, in Omaha, Nebraska, U.S., May 3, 2025. REUTERS/Brendan McDermid/File Photo
Berkshire Hathaway, the investment holding run by Warren Buffett, has stocked up on shares in the company behind Modelo and Corona beers in the United States.
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Overview

  • Berkshire Hathaway sold its entire $1 billion stake in Citigroup and exited Brazilian fintech Nu Holdings during Q1 2025.
  • The firm trimmed its holdings in Bank of America by 48.6 million shares and reduced its stake in Capital One by 300,000 shares.
  • Berkshire more than doubled its position in Constellation Brands to over 12 million shares, now representing a 6.6% stake in the beverage company.
  • The company remained a net seller of publicly traded stocks for the tenth consecutive quarter, ending March with a record $347.7 billion in cash and equivalents.
  • Warren Buffett confirmed his retirement as CEO by year-end, with Greg Abel set to take over leadership starting January 2026.