Warren Buffett Bets on Ulta Beauty and Heico in Q2: Portfolio Changes Revealed
Key Takeaways:
Warren Buffett's Berkshire Hathaway made notable moves in the second quarter, adding new positions in Ulta Beauty and Heico Corp., according to a regulatory filing.
Berkshire reduced its Apple stake by nearly half, though Apple still constitutes about a third of its total portfolio.
Buffett trimmed stakes in Chevron, Floor & Decor, and T-Mobile and completely exited holdings in Paramount Global and Snowflake.
Significant additions were made to existing positions, particularly in Occidental Petroleum and Chubb Limited.
Warren Buffett's Berkshire Hathaway made notable moves in the second quarter, adding new positions in Ulta Beauty and Heico Corp., according to a regulatory filing.
Berkshire reduced its Apple stake by nearly half, though Apple still constitutes about a third of its total portfolio.
Buffett trimmed stakes in Chevron, Floor & Decor, and T-Mobile and completely exited holdings in Paramount Global and Snowflake.
Significant additions were made to existing positions, particularly in Occidental Petroleum and Chubb Limited.
Portfolio Highlights:
New Additions:
Ulta Beauty: Berkshire acquired about 690,000 shares, valued at approximately $266 million, leading to a 14% surge in Ulta's stock during after-hours trading.
Heico Corp.: Purchased around 1 million shares, resulting in a nearly 4% rise in after-hours trading.
New Additions:
Ulta Beauty: Berkshire acquired about 690,000 shares, valued at approximately $266 million, leading to a 14% surge in Ulta's stock during after-hours trading.
Heico Corp.: Purchased around 1 million shares, resulting in a nearly 4% rise in after-hours trading.
Notable Exits:
Paramount Global: Berkshire fully exited its position, marking a rare loss for Buffett. The exit was largely completed in Q1, with the rest sold in Q2.
Snowflake: Sold all 6.1 million shares, valued at $989 million at the end of Q1.
Strategic Trims:
Apple: Reduced to 400,000 shares, valued at $84.2 billion, yet remains the largest holding.
Chevron: Sold nearly 4.3 million shares but its portfolio weight increased to 6.6%.
Other reductions: 2.6 million shares in Capital One, 800,000+ in Floor & Decor, and 570,000 in T-Mobile.
Additions to Existing Positions:
Occidental Petroleum: Berkshire bought an additional 7.2 million shares, bringing the total to 255 million, valued at nearly $16 billion.
Chubb Limited: Increased by over 1.1 million shares, now holding 27 million shares.
$Warren Buffett Portfolio (BK2999)$ $Berkshire Hathaway-A (BRK.A.US)$ $Berkshire Hathaway-B (BRK.B.US)$ $Ulta Beauty (ULTA.US)$ $Heico (HEI.US)$ $Heico-A (HEI.A.US)$ $Apple (AAPL.US)$ $Chevron (CVX.US)$ $Floor & Decor (FND.US)$ $T-Mobile US (TMUS.US)$ $Paramount Global-A (PARAA.US)$ $Paramount Global-B (PARA.US)$ $Snowflake (SNOW.US)$ $Occidental Petroleum (OXY.US)$ $Chubb Ltd (CB.US)$
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Make it Big : Apple Q2 peaked at around $219, if Buffet sold in Q2 at this highest price, is he hinting that Apple is over valued at $219?
103287508 : Still a good buy now?