After Annual Shareholder Meeting Surprise, An Outgoing Buffett Dumps Financials, Adds to Consumer Brands and Staples in Berkshire Hathaway’s Portfolio

Warren Buffett may be preparing to pass the torch, but he’s still making big moves with his $348B cash position. Per new regulatory filings, Buffett trimmed his holdings in financials — zeroing out his stake in CitigroupC

and Nu HoldingsNU

, while pruning his positions in Capital OneCOF

and Bank of AmericaBAC

. He’s now deploying profits into new ventures.

• Berkshire doubled its investments in swimming pool supply business Pool CorpPOOL
  and beer importer Constellation BrandsSTZ
  , which now make up 0.85% and 0.18% of the portfolio.
• The firm also added to mainstay Occidental PetroleumOXY
  , while upping its stake in Domino’s PizzaDPZ
  , Heico Corp ($HEI.A), and Sirius XMSIRI
  .

The mystery holding: Buffett’s latest filing with the SEC also includes a mystery position — and Barron’s Andrew Bary speculates it could be an industrial stock. Buffett made a similar move in a past filing — which later revealed a major investment in insurance company ChubbCB

. We’ll likely find out the identity of this hidden pick next quarter.