Berkshire Hathaway eliminated its equity stake in Citigroup and pared its large holding in Bank of America while adding to its investment in Constellation Brands, according to a 13-F report with the Securities and Exchange Commission late Thursday.

Berkshire Hathaway's Warren Buffett disposed of all shares of Brazilian bank Nu Holdings, Citigroup, and over £1.61 billion worth of Bank of America shares in Q1.

Warren Buffett’s Berkshire Hathaway Inc. slashed its exposure to big-bank shares in the first quarter, liquidating its position in Citigroup Inc. and trimming positions in Bank of America Corp. and Capital One Financial Corp.