Buffett’s Berkshire Hathaway Shifts Portfolio: Exits Banks, Expands Consumer Stakes

Warren Buffett’s Berkshire Hathaway executed a significant portfolio rebalance in Q1 2025, slashing financial sector exposure while doubling down on consumer brands. The Omaha-based conglomerate liquidated its entire Citigroup position and reduced holdings in Bank of America and Capital One, signaling dwindling confidence in traditional banking institutions.

Constellation Brands and Pool Corp emerged as primary beneficiaries, with Berkshire doubling its stakes in both companies. The firm maintained its $66.6 billion Apple position—a rare constant in Buffett’s evolving investment strategy—while amassing a record $333 billion in cash and Treasury bills, creating dry powder for future opportunities.

This strategic shift precedes a historic leadership transition, with Greg Abel set to assume the CEO role on January 1, 2026. The $3.2 billion in equity purchases against $4.7 billion in sales reflects Berkshire’s cautious approach amid evolving market conditions.