Warren Buffett continues to unload billions of {dollars} of Berkshire Hathaway’s stake in Financial institution of America (BAC).
New SEC filings present Buffett offered 117.4 million shares of BAC value about $5.5 billion within the fourth quarter of 2024, lowering its stake within the monetary big to eight.9%.
In the meantime, Berkshire added a brand new funding within the alcoholic drinks producer Constellation Manufacturers (STZ), which brews each Corona and Modelo Especial.
The agency gathered about $1.2 billion of Constellation inventory at yr finish after shopping for 5.6 million shares.
In This autumn, Berkshire additionally purchased about 12 million shares of satellite tv for pc radio supplier Sirius XM (SIRI), value about $325 million, and acquired 1.1 million extra shares of Domino’s Pizza (DPZ), value about $470 million.
Regardless of the brand new investments, Berkshire continues to sit down on a file $300 billion in money.
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