Warren Buffett Offloads a Staggering $3.23 Billion from Berkshire's Stakes in Citigroup, Bank of America, and Capital One, Following Exits from Wells Fargo and JPMorgan Chase.
Rewritten Article:
Hello, folks! Welcome back to The Daily Hodl, your go-to source for all things finance, crypto, blockchain, and beyond. Today's scoop: billionaire Warren Buffett's latest move in the banking sphere.
Buffett, well-known for his decisive investment strategies, has recently sold a staggering $3.23 billion worth of Berkshire Hathaway's stake in Citigroup, Bank of America, and Capital One.
Following the decisions to abandon Berkshire Hathaway's stakes in JPMorgan Chase and Wells Fargo, these latest filings suggest that Buffett isn't done reshaping Berkshire Hathaway's portfolio when it comes to U.S. banks.
In the first quarter of 2025, Berkshire Hathaway entirely severed its ties with Citigroup, shedding about $1 billion worth of 14,639,502 shares. Meanwhile, the firm offloaded an additional 48.7 million Bank of America shares worth about $2.19 billion, leaving Berkshire Hathaway holding onto a considerable 631,573,531 shares.
The firm also got rid of nearly $46.5 million or 300,000 shares in Capital One, still maintaining a grip on 7.15 million shares.
Venturing beyond banking, Buffett whittled down positions in Charter Communications, DaVita, T-Mobile, and Liberty Media's Formula One stock. However, he diversified his portfolio by doubling his stake in Constellation Brands, and snapped up shares in Domino's Pizza, Heico, VeriSign, Sirius XM, Pool Corp., and Occidental Petroleum.
Buffett's Apple position remained unchanged, while his cash holdings swelled to an impressive $350 billion as of March 31st.
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