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Berkshire Hathaway shares have taken a hit since Warren Buffett said earlier this month that he plans to step down as CEO at year-end, but they've still outperformed the broader market in 2025 so farWarren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) sold its shares of Citigroup (C) during the first quarter, while trimming its stakes in Bank of America (BAC) and Capital One (COF).
Berkshire shed its more than 14.6 million shares of Citigroup in the first three months of the year, a 13-F filing revealed Thursday. The form, which offers a snapshot of Berkshire's portfolio at the end of the quarter, does not capture any changes the company would have made since the end of March.
The conglomerate also trimmed its long-term holding in Bank of America by 48.6 million shares. It reduced its stake in Capital One by 300,000 shares, and shed all its shares in Brazilian fintech firm Nu Holdings (NU). Berkshire shrank its Liberty Media Series C Formula One (FWONK) stake, and sold shares of Charter Communications (CHTR), DaVita (DVA), and T-Mobile (TMUS) too.
Meanwhile, Buffett's firm more than doubled its position in alcoholic beverage maker Constellation Brands (STZ) to just over 12 million shares. Shares of the Modelo parent climbed close to 3% in after-hours trading.
Berkshire also added nearly 240,000 shares of Domino's Pizza (DPZ) and over 112,000 shares of electronics firm Heico (HEI). It expanded positions in VeriSign (VRSN), Sirius XM (SIRI), Pool Corp. (POOL), and Occidental Petroleum (OXY) as well.
After trimming its stake in Apple (AAPL) last year, Berkshire did not make any changes to its position in the iPhone maker during the period.
Shares of Berkshire have taken a hit in the wake of Buffett's announcement earlier this month that he plans to step down as CEO, with vice chair Greg Abel set to take the helm at year-end. Still, they’ve outperformed the broader market, with shares up about 12% since the start of the year, while the S&P 500 added just 0.6%.
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