Billionaire Warren Buffett Pours $1,200,000,000 Into New Asset, Dumps $5,500,000,000 of Berkshire Hathaway’s Exposure To Bank of America

Warren Buffett continues to unload billions of dollars of Berkshire Hathaway’s stake in Bank of America (BAC).

New SEC filings show Buffett sold 117.4 million shares of BAC worth about $5.5 billion in the fourth quarter of 2024, reducing its stake in the financial giant to 8.9%.

Meanwhile, Berkshire added a new investment in the alcoholic beverages producer Constellation Brands (STZ), which brews both Corona and Modelo Especial.

The firm accumulated about $1.2 billion of Constellation stock at year end after buying 5.6 million shares.

In Q4, Berkshire also bought about 12 million shares of satellite radio provider Sirius XM (SIRI), worth about $325 million, and bought 1.1 million more shares of Domino’s Pizza (DPZ), worth about $470 million.

Despite the new investments, Berkshire continues to sit on a record $300 billion in cash.

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