Warren Buffett continues to unload billions of dollars of Berkshire Hathaway’s stake in Bank of America (BAC).
New SEC filings show Buffett sold 117.4 million shares of BAC worth about $5.5 billion in the fourth quarter of 2024, reducing its stake in the financial giant to 8.9%.
Meanwhile, Berkshire added a new investment in the alcoholic beverages producer Constellation Brands (STZ), which brews both Corona and Modelo Especial.
The firm accumulated about $1.2 billion of Constellation stock at year end after buying 5.6 million shares.
In Q4, Berkshire also bought about 12 million shares of satellite radio provider Sirius XM (SIRI), worth about $325 million, and bought 1.1 million more shares of Domino’s Pizza (DPZ), worth about $470 million.
Despite the new investments, Berkshire continues to sit on a record $300 billion in cash.
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https://dailyhodl.com/2025/02/16/billionaire-warren-buffett-pours-1200000000-into-new-asset-dumps-5500000000-of-berkshire-hathaways-exposure-to-bank-of-america/
2025-02-16 16:04:03
