Berkshire Hathaway's Strategic Shift in Investment Portfolio

In a recent filing with the United States Securities and Exchange Commission (SEC), Berkshire Hathaway Inc., led by the legendary investor Warren Buffett, disclosed that it has completely exited its stake in Citigroup. This move marks a significant shift in the conglomerate's investment strategy.

Adjustments in Other Key Investments

Alongside the exit from Citigroup, Berkshire Hathaway also reported a reduction in its stake in Bank of America. Conversely, the company has doubled its investment in Constellation Brands, Inc., a leading beer maker, now holding 12,009,000 shares as of the end of March.

Market Reaction

The announcement had an immediate impact on the market, with Constellation Brands experiencing a 2.5% jump in after-hours trading, showcasing investor confidence in the company's growth prospects.