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.

Warren Buffett didn’t use the first quarter dip to go shopping. He unloaded more than he bought, slashing Berkshire Hathaway’s exposure to banks while keeping his cash untouched.