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.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney