Buffett Exits Nubank Stake, Nets $250M Profit While Shifting Portfolio Toward Beverages

Warren Buffett’s Berkshire Hathaway has liquidated its position in crypto-friendly Nubank, realizing a $250 million gain. The MOVE forms part of a broader $2.1 billion retreat from financial stocks, including complete exits from Citigroup and reduced Bank of America holdings.

Simultaneously, Berkshire aggressively increased its stake in Constellation Brands by 113%, building a 6.6% ownership position in the alcoholic beverage producer. The market responded with a 2.7% after-hours bump for Constellation shares, contrasting with the sell-off in financial positions.

This reallocation signals strategic divergence from fintech exposures—even profitable ones like Nubank—toward consumer staples. The Constellation bet particularly underscores Berkshire’s continued faith in recession-resistant industries despite macroeconomic uncertainties.