Warren Buffett's Berkshire Hathaway bets on Diageo

One of several changes

Eve Maddock-Jones
clock • 1 min read

Warren Buffett’s Berkshire Hathaway has taken a $41.3m stake in UK alcoholic beverage manufacturer Diageo, purchasing 227,750 shares.

In a Securities and Exchange Commission quarterly filing, it was one of several new additions to the fund. Berkshire Hathaway AGM: The Lollapalooza of long-term investing Buffett's fund also made a $954m move into credit card issuer Capital One, exiting from US Bancorp and Bank of New York Mellon to help make room in the portfolio. According to MarketWatch data, Capital One's share price rose 5% on the back of the news, while Bank of New York Mellon's stock dipped. At the recent annual general meeting for the fund in Omaha, Buffett commented on the recent US regional banking cri...

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