Berkshire buys Constellation Brands, cuts big bank holdings
ReutersFeb 14, 2025 9:35 PM
Feb 14 (Reuters) - Warren Buffett's Berkshire Hathaway BRKa.N on Friday disclosed a new investment in alcoholic beverages producer Constellation Brands STZ.N, and said it has reduced its holdings in Citigroup C.N and Bank of America BAC.N.
In a regulatory filing, Berkshire said it ended 2024 with 5.62 million Constellation shares worth $1.24 billion.
It lowered its Citigroup stake 74% to 14.6 million shares, and reduced its Bank of America stake, until recently its second-largest common stock holding, 15% to 680.2 million shares.
Berkshire also appears to have stopped its retreat from Apple AAPL.O, ending the year with 300 million shares, unchanged from September 30. It owned 790 million shares of the iPhone maker at the end of 2023.
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