Warren Buffett’s Berkshire Hathaway has been making some interesting moves in the stock market recently. The company bought shares of Constellation Brands Inc. for the first time in December 2024.
Constellation Brands owns a variety of food and beverage brands, including Pacifico, Corona, Modelo, Kim Crawford, and Robert Mondavi Winery. Berkshire Hathaway bought over 5 million shares at an average price of $174.65 per share. Berkshire Hathaway also increased its holdings in Domino’s Pizza Inc.
by 86% in December 2024. The company bought over 1.1 million shares, which possibly boosted investor confidence and raised share prices by around 9% to $475.81. Another notable purchase was Occidental Petroleum Corp.
Buffett’s firm bought around 8.8 million shares, increasing its holdings by 3.49%. Despite the buy, share prices for this Texas-based petrochemical manufacturing company fell by around 10% to $45.33. Berkshire Hathaway also acquired approximately 12.3 million shares of Sirius XM Holdings Inc., growing its stake by around 11%.
After the purchase, share prices fell 8.51% to $23.38. On the selling side, Berkshire Hathaway sold out of Ulta Beauty Inc.
Berkshire’s recent stock acquisitions and sales
in December 2024. The large retailer, which offers an array of beauty products, saw its stock price drop nearly 10% to $349.67 after the sell-off. Buffett’s company also sold over 46 million shares of Nu Holdings, a digital banking company operating primarily in South America.
This major sale left Berkshire with around 40 million shares of NU, and the stock price dropped approximately 18% to $10.85. In December 2024, Berkshire Hathaway parted with over 117,000 shares of Bank of America Corp. This followed a previous sale of over 235,000 shares in September 2024.
BAC share prices fell slightly by 4% to $42.36 per share. Berkshire sold off over 70% of its shares in Citigroup in December 2024, equating to over 40,000 shares. Despite this, Citigroup’s price per share increased by around 8% to $72.97.
Finally, Berkshire Hathaway sold approximately 830,000 shares of Charter Communications Inc. in December 2024, representing about 30% of its holdings in the company. Following the sale, share prices saw a small increase of around 4%.
These strategic moves by Buffett may provide insights into market trends and the economic outlook. Investors often look at his buying and selling decisions to navigate their own portfolios.
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