Berkshire Hathaway, led by billionaire Warren Buffett, has sold off its shares in Bank of America, Citigroup, and Capital One, instead choosing to invest in two stocks that have seen significant gains this year.
Headline: Berkshire Hathaway Diversifies Portfolio with Domino's Pizza and Heico Corporation Investments
In the first quarter of 2025, Warren Buffett's Berkshire Hathaway made significant moves in its investment portfolio, focusing on Domino’s Pizza and Heico Corporation.
Berkshire bought about 238,613 shares of Domino’s Pizza worth approximately $204 million and 112,401 shares of Heico, valued near $50 million during the quarter.
The investment in Domino’s Pizza has proven fruitful so far, with the stock increasing more than 13.5% year-to-date, and an additional 2.5% in the past five days. Heico, on the other hand, has seen a stronger rise, with its stock up more than 35% year-to-date.
Meanwhile, Berkshire Hathaway exited or reduced several major banking positions in Q1 2025. It sold its remaining shares in Citigroup (approximately 14.6 million shares, worth about $1 billion), significantly cut its holdings in Bank of America (48.7 million shares worth about $2.19 billion), and sold 300,000 shares of Capital One. Additionally, Berkshire sold its entire stake in Brazilian fintech Nu Holdings, which was worth over $416 million.
The financial firm Charles Schwab is also joining the crypto trend, launching Bitcoin and Ethereum trading.
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In an unrelated incident, a woman received an unidentified amount of money in her bank account and is facing potential prison time.
Analyst Kevin Svenson, however, predicts a Bitcoin target, with potential for the digital currency to reach $136,000 if demand remains resilient, according to Glassnode.
Berkshire Hathaway, known for its traditional finance investments, might be venturing into the cryptocurrency realm, given Charles Schwab's recent launch of Bitcoin and Ethereum trading. analyst Kevin Svenson's prediction of Bitcoin reaching $136,000, if demand remains resilient, could intrigue Berkshire to explore altcoins as potential investments, diversifying its portfolio beyond stocks like Domino’s Pizza and Heico Corporation. On the other hand, the exit from major banking positions, such as Citigroup and Bank of America, implies Berkshire Hathaway's reconsideration of traditional finance investments in favor of emerging opportunities, such as cryptocurrency and blockchain technology.
