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May 16 - Warren Buffett (Trades, Portfolio)'s Berkshire Hathaway (NYSE:BRK.B) trimmed its bank holdings and ramped up its stake in Constellation Brands (NYSE:STZ) in the first quarter, according to a filing with the SEC.
The conglomerate exited its remaining 14.6 million shares of Citigroup (NYSE:C) and 40.2 million shares of Nubank (NYSE:NU). It also pared back Bank of America (NYSE:BAC) to 631.6 million shares from 680.2 million, cut Capital One Financial (COF) to 7.15 million shares from 7.45 million, and trimmed DaVita (NYSE:DVA) to 35.1 million from 36.1 million.
On the buy side, Berkshire nearly doubled its Constellation Brands position to 12 million shares, valued at $2.2 billion on March 31. It lifted its VeriSign (NASDAQ:VRSN) stake to 13.3 million shares, worth $3.37 billion, and boosted Pool Corp. (NASDAQ:POOL) to 1.46 million shares from 0.6 million.
Notably, the firm left its Apple (NASDAQ:AAPL) holding unchanged at 300 million shares, valued at $66.6 billion. The moves reflect Buffett's cautious repositioning amid shifting financial and consumer trends.
This article first appeared on GuruFocus.