Warren Buffett Sells $3.23 Billion in Bank Stocks
- Berkshire Hathaway sold $1 billion worth of Citigroup shares, exiting its position.
- The firm reduced its stake in Bank of America by $2.19 billion, selling 48.7 million shares.
- Berkshire also decreased its Capital One holdings by $46.5 million, selling 300,000 shares.
- All shares of Brazilian fintech Nu Holdings were sold by Berkshire.
- Berkshire increased investments in Constellation Brands and other companies while maintaining its Apple position.
Warren Buffett’s Berkshire Hathaway has significantly reduced its exposure to major banks, including Citigroup and Bank of America, while reallocating investments to other sectors and increasing cash reserves to $350 billion as of March 31st.
Source (2.6)https://dailyhodl.com/2025/05/17/warren-buffetts-berkshire-hathaway-dumps-3587192000-in-bank-of-america-and-capital-one-slashes-billion-dollar-stake-in-citigroup-to-zero/?rand=59076
