13F Tracking | Berkshire Doubles Constellation Stake, Exits Citigroup; Bridgewater Boosts Its Positions in Alibaba
Top investment institutions have released the latest 13F filings. Buffett's Berkshire Hathaway doubled its stake in alcoholic beverage producer Constellation Brands, exited Citigroup and Nubank, and cut its holdings in Bank of America.
Berkshire bought $3.18 billion and sold $4.68 billion of equities between January and March, the 10th straight quarter it was a net seller of stocks.
It ended March with $347.7 billion of cash and equivalents.
Berkshire maintained its largest position, a 300 million share stake in Apple worth $66.6 billion.
A new filing from Ray Dalio's Bridgewater Associates shows the stocks the firm bought and sold during the first quarter. Among the top stocks bought are Alibaba, Baidu, the SPDR Gold ETF (GLD), Palo Alto Networks, and Booking.
On the other side, the firm sold stakes in Alphabet, Nvidia, Meta Platforms, AppLovie, and SPDR S&P 500 ETF (SPY).
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