Billionaire Investor Warren Buffett Recently Sold Citigroup and Nu Holdings and Piled Into a Stock Up Over 34,770% Since Its IPO

One of the most anticipated events of each quarter is the unveiling of Berkshire Hathaway's 13F filing with the Securities and Exchange Commission (SEC). The document details the holdings in Berkshire's massive equities portfolio at the end of each quarter, effectively telling the market what stocks Warren Buffett and his team bought and sold over a three-month period.With Buffett set to step down at the end of the year, this frequent glimpse into one of the brightest investing minds the world may ever see is now coming to an end. In the first quarter of 2025, Buffett sold his stake in two bank stocks, Citigroup (NYSE: C) and Nu Holdings (NYSE: NU), and piled into a stock up over 34,770% since its initial public offering (IPO).Buffett and his team have long been experts in the banking sector. Over the 21st century, the company at one point or another has pretty much owned every major U.S.-based bank on Wall Street. That's why it was a big deal when Buffett acquired a stake in Citigroup in 2022 because he hadn't owned the stock since 2001, according to SEC filings. Citigroup has wildly underperformed its peers since the Great Recession and trades at a significant discount to tangible book value, making it a good candidate for Buffett's value playbook.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool