Buffett Liquidated Citigroup, Dumped Financial Stocks As US Entered Trade War : Full 13F Breakdown

Warren Buffett already stunned the Berkshire faithful with his "shocking" announcement last weekend that the 94 year old billionaire was, gasp, finally retiring as CEO of the $1 trillion+ conglomerate. Luckily, there were no surprises in Buffett's latest 13F filing published at the close today: while Buffett did not add any new positions in the quarter that preceded Trump’s trade war, he did liquidate two of his previous large holdings, and continued to trim positions in financial stocks while adding to a handful others.

Buffett started off the last year of his tenure as CEO of Berkshire by exiting his once-huge position in Citigroup, while also shrinking his holdings in Capital One Financial and continuing to trim his longtime stake in Bank of America.

While it is still a top 5 position valued at $26.4 billion at the end of Q1, Buffett started selling his BofA stake in July last year, without providing any explanation for the move. He now owns 8.3% of the US lender and is no longer its biggest shareholder, according to data compiled by Bloomberg.

Berkshire also fully liquidated its stake in Brazil’s Nubank, which has grown into one of the world’s biggest digital banks since its 2013 founding. Berkshire bought a $500 million stake before the bank went public in 2021. The stock has gained 46% since.

On the plus side, Buffett added to his stake in Constellation Brands, which now totals 6.6%, or $2.2 billion; he opened the new position in the alcohol distributor in the last quarter of 2024. He also bought more Sirius XM Holdings and Occidental Petroleum, where he is by far the largest holder with 27% of the shares outstanding. In addition, the company requested confidentiality treatment from the Securities and Exchange Commission, meaning Berkshire was allowed to omit one of more holdings in its filing Thursday.

After aggressively selling down his stake in Apple for much of 2023 and 2024, his AAPL shares were untouched in Q1 and still represents the billionaire’s portfolio’s most valuable holding.

Here is a full breakdown of what Berkshire did in Q1. It added to position in:

Occidental Petroleum, +763,017 million shares to 264.9 million shares, or $13.1 billion as of March 31

Verisign, +18.423 shares to 13.3 million shares or $3.4 billion

SiriusXM, +2.3 million shares to 119.8 million shares, or $2.7 billion

Constellation Brands, +6.4 million shares to 12.009 million, or $2.2 billion

Dominos Pizza, +238,613 shares to 2.6 million shares, or $1.2 billion

Pool Corp, +865,311 shares to 1.5 million shares, or $466 million

Heico Corp, +112,401 shares to 1.2 million shares, or $245.2 million

It reduced its positions in:

Bank of America, by 48.7 million shares to 631.6 million shares, or $26.4 billion as of March 31

Davita, by 953,091 shares to 35.1 million shares, or $5.4 billion

Liberty Media, by 3.3 million shares to 19.4 million shares or $1.4 billion

Capital One, by 300K shares to 7.150 million shares, or $1.3 billion

T-Mobile, by 469K shares to 3.9 million shares, or $1.0 billion

Charter Communications, by 7500 shares to 1.98 million shares, or $731 million

https://www.zerohedge.com/markets/buffett-liquidated-citigroup-dumped-financial-stocks-us-entered-trade-war-full-13f

==NATO hit by corruption scandal

Multiple countries have launched corruption investigations into the US-led alliance’s procurement system==

Police have conducted arrests and searches in several countries as part of a corruption investigation involving current and former employees of the NATO Support and Procurement Agency (NSPA).

The raids, coordinated by Eurojust – the EU’s criminal justice agency – took place in Luxembourg, Belgium, the Netherlands, Spain, Italy, and the US. The alliance told Luxembourg Times on Wednesday that NSPA’s main headquarters in the Grand Duchy had initiated the probe.

“NATO – including the NSPA – is working closely with law enforcement to ensure that perpetrators are brought to justice,” spokeswoman Allison Hart said. “We are actively strengthening our ability to mitigate risks and root out misconduct,” she added.

NATO Secretary General Mark Rutte told reporters in Ankara on Thursday that the military bloc was working with the authorities. “We want to get to the root of this,” Rutte said.

The public prosecutor’s office in Luxembourg said that documents were seized pertaining to suspicions that NSPA staffers had “used their positions to enrich themselves.”

Two people were arrested in Belgium, and three in the Netherlands, officials said. Belgian prosecutors stated that the investigation centers around “possible irregularities in awarding contracts to defence contractors for the purchase of military equipment for NATO such as ammunition and drones.” The probe also looks at possible sharing of confidential information by NSPA employees with defense companies and money laundering.

The Dutch authorities said they arrested a former official with the Dutch Defense Ministry at Amsterdam Airport Schiphol on Monday. The former civil servant is suspected of taking bribes in 2023 regarding the awarding of defense contracts.

The investigation takes place as NATO members are looking for ways to boost their own defense and produce more weapons to be delivered to Ukraine. In March, the European Commission unveiled a plan to raise €800 billion ($896 billion) to “rearm” the EU.

https://www.rt.com/news/617659-nato-corruption-probe-procurement/

Dear Lord please give Vati an insatiable ass itch that doesn't stop!

>>23039708

That's not your decision to make.

Probably shouldn't be pushing the pro israel narrative you and the BVs push and let FREE SPEECH be FREE SPEECH! Like we used to have

>>23039775

>>23039601

In the Bible, the number 10 is often associated with completeness, divine order, and authority

Satanist believe if they kill God they can get to 11 which is Heaven without going through God.

Hence 9 11 skipping God

this account started posting yesterday