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2mo ago

Berkshire Hathaway Reshapes Portfolio with New Constellation Brands Stake, Reduces Bank Holdings

Warren Buffett's firm maintains its $75 billion Apple position while adding investments in alcohol, energy, and consumer brands.

Warren Buffett, CEO of Berkshire Hathaway, speaks to the press as he arrives at the 2019 annual shareholders meeting in Omaha, Nebraska, May 4, 2019.
Berkshire Hathaway logo is displayed on a screen on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 10, 2023. REUTERS/Brendan McDermid/File Photo
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Overview

  • Berkshire Hathaway disclosed a $1.24 billion investment in Constellation Brands, the maker of Modelo and Corona beers, during Q4 2024.
  • The company trimmed its stakes in major financial institutions, including Bank of America, Citigroup, and Capital One, reflecting a shift in its strategy.
  • Berkshire maintained its 300 million Apple shares, valued at $75.1 billion, after significantly reducing its stake earlier in 2024.
  • Additional investments were made in Domino's Pizza, Pool Corp., SiriusXM, and Occidental Petroleum, signaling diversification into consumer and energy sectors.
  • The firm's annual letter, expected on February 22, is anticipated to provide further insights into these strategic investment decisions.