Buffett Doubles Investment in Constellation

Dear Client: It appears that Berkshire Hathaway/Warren Buffett (even though he’s supposed to be retiring at the year’s end) liked its Constellation position so much, it snapped up even more – about twice as much.  Recall, the outfit ended 2024 with 5.6 million shares of Constellation, as we reported earlier this year, worth $1.2 billion, according to filings from February. It wasn't the best timing to get in: Shares of Constellation started the year around $222, and were about $191