Warren Buffett's Berkshire Hathaway Takes Ulta Beauty Stake, Sending Shares Up
The latest holdings of Berkshire Hathaway, owned by Warren Buffett, are here with two new companies added.
Warren Buffett's latest holdings are here. The 13F form shows that Berkshire Hathaway, under Buffett's management, increased its holdings in Occidental Petroleum and Chubb Ltd. during the second quarter. It reduced holdings in Apple by 0.389 billion shares, lowering its position to 30.52%, and also reduced its holdings in Chevron and T-Mobile. It sold all its shares in Snowflake and Paramount Pictures. Berkshire also established new positions in Ulta Beauty and Heico Corporation during the second quarter, buying 0.6901 million shares of Ulta Beauty and 1.0442 million shares of Heico Corporation. Based on the latest closing price, Berkshire holds a stake in Ulta Beauty.
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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.
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