Hold onto your cash, folks! Warren Buffett just decided to play the world’s most expensive game of financial roulette — and he’s betting big on… not banks anymore. Yep, Warren just offloaded a whopping $3.23 billion of Berkshire Hathaway’s bank stocks. Because apparently, banking is so last season.
After giving JPMorgan Chase and Wells Fargo the boot — you know, like a bad Tinder date — new filings reveal Buffett is now giving US banks the t-minus treatment.
Citigroup? Vanished. Berkshire’s now completely ghosting Citi, dumping about $1 billion worth of shares in Q1. Bye-bye, Citi. Hope you had a good run! 💀
Bank of America? Also out with about $2.19 billion in Q1, leaving Berkshire with a mere 631 million shares. Looks like Buffett’s saying, “Nah, I’ll pass.” 🤷♂️
Capital One? Just a small farewell — $46 million worth, or 300K shares. Because who needs that much exposure unless you’re trying to take a REST of the bank industry? Now holding just 7.15 million shares.
Oh, and by the way, Buffett also said sayonara to Brazilian fintech Nu Holdings — apparently, even Buffett has a limit on how much fintech he can handle. 🤯
Beyond the financial sector, Berkshire is trimming its investments in Charter Communications, DaVita, T-Mobile, and Liberty Media’s Formula One team. Because, apparently, not everything needs to be a racing car or a health plan. 🏎️💉
Meanwhile, Buffett decided to double down on some tastebud-treats and tech. He boosted stakes in Constellation Brands to over 12 million shares, and added to Domino’s Pizza (who doesn’t love pizza?), Heico, VeriSign, Sirius XM, Pool Corp., and Occidental Petroleum. Even Apple stayed safe and sound — no change there. 🍕📱
And the best part? Berkshire’s cash stash has ballooned to a colossal $350 billion — that’s up from $334 billion at the end of last year. It’s basically Buffett’s version of “I’m rich, deal with it.” 💰😂
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2025-05-17 10:21