(Reuters) – Warren Buffett’s Berkshire Hathaway on Friday disclosed a new investment in alcoholic beverages producer Constellation Brands, and said it has reduced its holdings in Citigroup and Bank of America.
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, 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)
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