Warren Buffett’s Berkshire Hathaway has revealed a new investment in Constellation Brands (STZ), the producer of Corona and Modelo Especial, while significantly reducing stakes in Citigroup (C), Bank of America (BAC), and other banks.
According to its latest regulatory filing, Berkshire purchased 5.62 million shares of Constellation, totaling $1.24 billion by year-end. The news sent Constellation’s stock up 6.7% in after-hours trading.
Meanwhile, Berkshire continued adjusting its portfolio, slashing its Citigroup stake by 74% and reducing its Bank of America holdings by 15%—a move that follows months of bank stock reductions.
The filing also confirmed that Berkshire has stopped selling Apple (AAPL) shares, which remain its largest holding at $75.1 billion. However, it previously sold 490 million Apple shares in 2024, pushing its cash reserves to $325.2 billion.
Additionally, Berkshire boosted its stake in Domino’s Pizza (DPZ) by 86%, reduced holdings in Capital One (COF) and Nu Holdings (NU), and fully exited Ulta Beauty (ULTA).
The report does not specify which investments were personally made by Buffett and which came from Berkshire’s portfolio managers Todd Combs and Ted Weschler.
Berkshire’s full-year financials will be revealed in its upcoming annual report on February 22.