Berkshire Hathaway announced significant changes to its investment portfolio during the first quarter, more than doubling its stake in alcoholic beverages producer Constellation Brands. This move indicates increased confidence in the company's prospects.
Conversely, Berkshire Hathaway sold its entire holdings in Citigroup and the Brazilian fintech lender Nu Holdings. These divestitures reflect a strategic reallocation of capital away from these financial sector investments.
The conglomerate continued its trend of being a net seller of stocks in the first quarter, aligning with its cautious approach to equity markets amidst high valuations.
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