No Data
No Data
Warren Buffett's Berkshire Hathaway Takes Ulta Beauty Stake, Sending Shares Up
News Highlights: Top Company News of the Day - Wednesday at 9 PM ET
Buffett's big retreat! Q2 sold over $77 billion in stocks, and newly built positions in Ulta Beauty and Heico.
What signal?
Unexpected move from Buffett: He sold a significant amount of Apple stock in the second quarter and instead bought a beauty stock that fell sharply this year.
Buffett's investment strategy usually leans towards companies with competitive advantages, good management teams, and reasonable valuations. Ulta Beauty meets these criteria.
Berkshire Buys Ulta Beauty and Heico Stock, Sells Snowflake in Second Quarter
Buffett halves its Apple holdings! In the second quarter, Berkshire Hathaway cleared its position in Snowflake, increased shareholding in Occidental Petroleum, and unexpectedly established a position in cosmetic stocks.
In Q2, Berkshire Hathaway reduced its holdings of the top-heavy stock Apple by nearly 0.39 billion shares, valued at 82 billion USD; cleared out 6.12 million shares of Snowflake, valued at 0.84 billion USD; the fifth largest holding Chevron reduced its holdings by 4.37 million shares, valued at 0.68 billion USD; the stock with the largest increase was the sixth largest holding Occidental Petroleum, with an increase of 7.26 million shares, valued at nearly 0.46 billion USD, far beyond the 4.3 million shares increased in the first quarter, followed by Chubb Ltd, which increased its holdings by more than 1.1 million shares; Ulta Beauty, a new makeup company, entered the market with 0.69 million shares.
No Data