Berkshire Hathaway, led by Warren Buffett, has made significant adjustments to its financial stock portfolio. The company reduced its stake in Bank of America and completely exited its position in Citigroup. Berkshire also introduced a new holding while doubling its stake in Constellation Brands. These moves reflect a strategic shift in Berkshire’s investment approach amidst economic uncertainties. The company maintained its steady position on Apple, indicating continued confidence in the tech giant. These changes were disclosed in recent filings, showcasing Buffett’s ongoing efforts to optimize Berkshire’s portfolio.
— new from Barron’s