Warren Buffett’s Berkshire Hathaway has taken a $41.3mln stake in Diageo PLC, the FTSE 100 maker of Johnnie Walker whisky and Tanqueray gin.
Shares in the world's biggest spirits group rose 1.4% after the holding was revealed in a quarterly filing which disclosed Berkshire's exposure to stocks as of March 31.
Diageo, based in London, has a stock market valuation of around £80 billion and owns brands such as Guinness, Baileys cream liqueur and Smirnoff vodka.
Its primary listing is in London, but in addition it has American depository receipts on the New York Stock Exchange.
Buffett's fund also made a $954mln move into credit card issuer Capital One, exiting from US Bancorp and Bank of New York Mellon to help make room in the portfolio.
Equities backed by the veteran investor, dubbed the 'Sage of Omaha' are closely followed by investors.