Berkshire Hathaway (BRK.A.US), Warren Buffett’s investment conglomerate, disclosed in regulatory filings on Thursday that it refrained from making large-scale acquisitions during the first quarter, a period marked by subdued U.S. stock market performance ahead of escalating trade tensions under President Donald Trump. Instead, the company opted to bolster its cash reserves and reduce its exposure to financial stocks.
In 2024, Buffett divested entirely from Citigroup (C.US) and trimmed stakes in Capital One Financial (COF.US) and long-term holding Bank of America (BAC.US). According to Bloomberg data, Buffett’s current stake in Bank of America stands at 8.3%, which means he no longer holds the position of the bank’s largest shareholder.
Conversely, Berkshire increased its holdings in Constellation Brands (STZ.US), the alcohol distributor, now owning 6.6% of the company. Additional purchases during the quarter included shares in Sirius XM Holdings (SIRI.US) and Occidental Petroleum (OXY.US).
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