Berkshire buys Constellation Brands, cuts big bank holdings

Nu Holdings

14/02/2025 21:35

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.
    

 (Reporting by Jonathan Stempel in New York)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))