Warren Buffett, CEO of Berkshire Hathaway (NYSE: BRK.A), disclosed his second-quarter 13F filing on Thursday, August 14, revealing some sweeping changes to his stock portfolio.
Most notable were fresh stakes in steelmaker Nucor (NYSE: NUE), health insurer UnitedHealth Group (NYSE: UNH), and two of the largest domestic home builder companies, Lennar (NYSE: LEN) and D.R. Horton (NYSE: DHI).
The updates come as the businessman prepares to retire by the end of the year, ending the six-decade management run that helped transform Berkshire into the $1 trillion conglomerate we know today.
Berkshire Hathaway portfolio changes
While it’s unclear whether the move came from Buffett himself or from investment managers Todd Combs and Ted Weschler, the new UnitedHealth Group position stands out as one of Berkshire’s final major buys under the CEO’s leadership, valued at around $1.6 billion.
Having been under a lot of pressure this year, dropping from around $600 in mid-April to about $310 by the end of June, the stock was up more than 10% in after-hours trading following the news.
The Nucor position was also hefty, with 6.6 million shares worth about $857 million added to the portfolio, causing the steelmaker to rise nearly 7% in the after-hours. The Lennar position was similar, totaling nearly $780 million, while the smaller D.R. Horton holding came in at $191.5 million. Both stocks were up almost 6% and 5%, respectively, in the wake of the disclosure.
Some trimmings are also worth mentioning. Apple (NASDAQ: AAPL), the company’s largest holding, was reduced by another 7% to 280 million shares worth $57 billion, down from more than $174 billion at the start of 2024. Buffett also sold 26 million Bank of America (NYSE: BAC) shares during the quarter.
T-Mobile (NASDAQ: TMUS), on the other hand, was a complete exit, with Berkshire unloading its $1 billion stake.
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