One of the most authorized voices when investing is still that of Warren Buffett. At 94, the Oracle of Omaha and one of the world’s great fortunes, with 150,000 million dollars, made some strategic adjustments during the fourth quarter of 2024 that surely call the attention of the small investor.
Through its great conglomerate, Berkshire Hathaway, Buffett cut his participations in some of the largest banks in the United States, getting rid of billions of dollars in shares of Bank of America and Citigroup.
Specifically, the legendary investor sold almost three quarters of its position in Citigroup, selling 40.6 million shares for a value of more than 2.4 billion dollars, according to a presentation before US values regulators published this last Friday. For its part, Buffett reduced 14.72% of its participation in Bank of America, decreasing to 117.5 million shares.
In contrast to these reductions, Berkshire Hathaway has made an investment of 5.62 million shares of Constellation Brands, valued at 1,243 million dollars, with a participation of more than 3% in a company whose brand portfolio is Mexican beers Extra crown and special model. Constellation Brands is the largest beer beer company in the US, measured by sales and has the third largest market share (7.4%) of all the main beer suppliers.
Buffett also increased his investment in Domino’s Pizza by 86.49%, in Siriusxm Holdings in 11.71%and in Verisign by 3.56%, thus demonstrating greater confidence in technological and consumption sectors.
However, Berkshire Hathaway’s biggest bet is still Apple, with 28%, despite reducing its participation at the beginning of last year. After the technological, which continues to be the queen of the market capitalized, with a value of 3.5 billion dollars, are: American Express (16.84%), Bofa (11.19%), Coca-Cola ( 9.32%) and Chevron Corp. (6.43%).
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