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.

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., according to a regulatory filing on Thursday.

Berkshire Hathaway's operating profits fell 14% last quarter on insurance weakness, while Warren Buffett was a net seller of stocks once again.

Warren Buffett’s Berkshire Hathaway (BRK.A, BRK.B) sold its shares of Citigroup (C) during the first quarter, while trimming its stakes in Bank of America (BAC) and Capital One (COF). Berkshire shed its more than 14.

Warren Buffett’s Berkshire Hathaway said Thursday it more than doubled its stake in alcoholic beverages producer Constellation Brands, while selling its holdings in Citigroup and Brazilian fintech lender Nu Holdings.

Warren Buffett’s Berkshire Hathaway Inc. made no major purchases during the market slump that preceded President Donald Trump’s trade war, instead whittling or selling off holdings in financial stocks during the first quarter.