Yahoo Finance

Key Takeaways

• Berkshire Hathaway entered a new position in Modelo maker Constellation Brands in Q4 2024.

• Buffett's company, which is sitting on a record cash pile, also upped stakes in SiriusXM, Occidental Petroleum, Domino's Pizza, Verisign, and Pool Corp.

• Berkshire exited its stake in Ulta Beauty two quarters after it first bet on the beauty products maker.

• It trimmed stakes in financial companies such as Bank of America, Capital One, and Citigroup but did not sell any more shares in Apple.

Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) entered a new position in beer and spirits-maker Constellation Brands (STZ) in the fourth quarter of 2024, while trimming several stakes and exiting Ulta Beauty (ULTA).

After drastically slashing its stake in Apple (AAPL) throughout the year, Berkshire did not make any changes to that position in the last three months of the year, a Form 13-F filing by the company confirmed Friday. The iPhone maker remains Berkshire's top holding, worth more than $75 billion, or roughly 28% of Berkshire's portfolio.

Form 13-Fs are quarterly filings that only offer a snapshot of portfolios for large institutional money managers at the end of the quarter. This particular filing for Berkshire does not reflect any changes the company would have made since the end of December, nor does it shed light on any gains or losses from share sales.

New Bet On Constellation Brands, Adds To Domino's, Occidental

Berkshire added 5.6 million shares of Constellation Brands, the maker of Modelo beer. The shares were worth $1.24 billion at the end of the year. Constellation Brands stock jumped more than 6% in extended trading Friday after the stake was made public.

Buffett's company, which has been sitting on a record cash pile, put some of that $320 billion of dry powder to use. It bought more than 12 million shares of satellite radio provider Sirius XM (SIRI), and made a small addition to its stake in VeriSign Inc (VRSN).

Berkshire upped its Pool Corp. (POOL) holdings by nearly 50%, though it remains a relatively small $200 million stake. Berkshire also bought an additional 1.1 million shares in Domino's Pizza (DPZ), nearly doubling its stake in the company, of which it now owns about 6.9%.

In the final three months of last year, Berkshire upped its stake in Occidental Petroleum (OXY) by almost 8.9 million shares. A separate filing earlier this month revealed Buffett added more in February, taking his total position in the energy company to 264.9 million shares.

Cutbacks and Notable Exits

Buffett and Berkshire are known for their long-term investments but last quarter closed some short-lived positions. The company exited its position in Ulta Beauty (ULTA) after buying into it in the second quarter and offloading more than 96% of its shares in the third quarter.