Buffett Sells Large Amount of Bank Stocks in Q1, Keeps Apple Holdings Unchanged
Berkshire Hathaway, led by Buffett, released its first-quarter holdings report (13F) as of March 31 this year. It completely sold off Citigroup (C.N) (14.63 million shares) and financial company Nu Holdings, reduced its stake in Bank of America (BAC.N) (48.66 million shares), and maintained its position in Apple (AAPL.O) (300 million shares) unchanged. On the buying side, it purchased 6.38 million shares of the liquor company Constellation Brands (STZ), an increase of 113.5%, and added 760,000 shares of Occidental Petroleum (OXY.N), as well as 860,000 shares of pool supplies company Pool Corp. Notably, Berkshire did not establish any new stock positions in the first quarter.
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