Warren Buffett is actively divesting a significant portion of Berkshire Hathaway’s holdings in Bank of America (BAC), totaling billions in sales.

According to recent SEC filings, Buffett offloaded 117.4 million BAC shares valued at approximately $5.5 billion during the fourth quarter of 2024, reducing his company’s investment in the banking powerhouse to 8.9%.

On the flip side, Berkshire Hathaway has made a new venture into the alcoholic beverage sector by investing in Constellation Brands (STZ), known for producing popular beers like Corona and Modelo Especial.

By the end of the year, the firm had acquired around $1.2 billion in Constellation stock after purchasing 5.6 million shares.

In addition, Berkshire acquired roughly 12 million shares of Sirius XM (SIRI), valued at around $325 million, along with 1.1 million additional shares of Domino’s Pizza (DPZ), amounting to about $470 million.

Despite these new investments, Berkshire Hathaway is holding a staggering $300 billion in cash reserves.

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