At Extreme Investor Network, we are always on the lookout for the latest moves from investing legend Warren Buffett and his conglomerate Berkshire Hathaway. In their latest 13F regulatory filing, Berkshire revealed small stakes in beauty retailer Ulta Beauty and electronics and aerospace firm Heico.
While these positions may be relatively minor for Berkshire, with an equity portfolio worth over $300 billion, they are still significant enough to catch the attention of investors. It is speculated that Buffett’s deputies, Ted Weschler and Todd Combs, who manage substantial sums of money themselves, could be behind these new investments.
Ulta Beauty has seen its stock price plummet recently, with a 26% drop in the second quarter followed by an additional 15% decline post-June as the company expressed concerns about slowing demand in the beauty category. On the other hand, Heico has been a strong performer this year, with shares soaring over 32%.
In addition to these new investments, Berkshire also increased its stake in insurer Chubb Ltd. by 4% last quarter, now owning $6.9 billion worth of the company’s stock. Interestingly, Berkshire’s stake in Chubb remained confidential for a few quarters before being disclosed in this latest filing.
One of the most surprising moves from Berkshire was the significant reduction in its Apple holdings, with Buffett selling off more than 49% of the stake in the tech giant. This move is part of a larger selling spree by Buffett, which saw Berkshire offload over $75 billion in equities in the second quarter, raising the conglomerate’s cash reserve to a record high of $277 billion.
As always, the Oracle of Omaha’s moves in the market are closely watched by investors around the world. Stay tuned to Extreme Investor Network for up-to-date analysis and insights on Berkshire Hathaway’s latest investment moves and how they may impact your portfolio.