Reported 2 days ago
In its latest 13-F filing, Berkshire Hathaway has shifted its investment strategy by completely exiting its $1 billion investment in Citigroup Inc. (NYSE:C) after three years while doubling its stake in Constellation Brands. The filing indicates a 3% drop in Berkshire's total stock portfolio, now valued at $258.7 billion, as the firm also reduced its positions in other financial institutions. Despite Citigroup's appealing valuation and dividend history, Berkshire appears to favor investments with higher growth potential.
Source: YAHOO