Berkshire Hathaway's Q1 Portfolio Moves: Selling Banks, Buying Consumer Stocks

Berkshire Hathaway's Q1 Investment Adjustments

• 🏦 Berkshire Hathaway significantly reduced its exposure to major banks in the first quarter, selling its entire billion-dollar stake in Citigroup.
• 📉 The firm also pared back its holdings in Bank of America by over 7% and in Capital One by 4%.

Shifting Towards Consumer Facing Companies

• 📈 Conversely, Berkshire Hathaway doubled its stake in Constellation Brands and Pool Corp, indicating a strategic shift.
• 🍕 Exposure to Domino's Pizza was also increased.
• 🍎 Notably, the firm maintained its substantial $67 billion stake in Apple throughout the quarter.

Other Notable Investor Moves

• 📱 Appaloosa's David Tepper initiated a new position in Apple worth $277 million and doubled his stake in Uber.
• 💻 Tepper also increased holdings in Meta and Alphabet but cut his equity exposure to Microsoft and Nvidia in half.
• ⚠️ Michael Burry's Scion Capital disclosed put options against Nvidia with a notional value of approximately $100 million.
• 📌 It's important to remember that these positions reflect holdings as of March 31st and may have changed since.