Berkshire Hathaway eliminated its equity stake in Citigroup and reduced its large holding in Bank of America while adding to its investment in Constellation Brands, according to a 13-F report with the Securities and Exchange Commission late Thursday.

Warren Buffett's Berkshire Hathaway (BRK.B) (BRK.A) continued to lighten its holdings of banks and loaded up on Constellation Brands (STZ) in Q1 2025, according to its latest 13F filing.

Warren Buffett didn’t use the first quarter dip to go shopping. He unloaded more than he bought, slashing Berkshire Hathaway’s exposure to banks while keeping his cash untouched.