Andrew Bary
Berkshire Hathaway reduced its stakes in Bank of America and Citigroup and established a new holding in Constellation Brands during the fourth quarter.
Berkshire's position in Apple, its largest equity holding, was unchanged in the quarter at 300 million shares. The stock investments were detailed in a 13-F filing with the Securities and Exchange Commission late Friday.
Berkshire reduced its holding in Bank of America by 15% to 680 million shares and slashed its investment in Citigroup by around 75% to 14.6 million shares. The new investment in beer, wine and spirits producer Constellation Brands totaled 5.6 million shares worth over $1 billion on Dec. 31, 2024. Constellation shares reacted favorably to the Berkshire news, gaining 6.6% to $173.75 in after-hours trading Friday.
Write to Andrew Bary at andrew.bary@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 14, 2025 17:39 ET (22:39 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。