After it was revealed Berkshire Hathaway sold around 400 million Apple shares, almost half of its total holding, the group founded by Warren Buffett released a more comprehensive insight into recent portfolio activities yesterday.
Although Berkshire Hathaway was a net seller of stocks during the second quarter, it did deploy some of its massive cash pile in two new positions.
The two companies are Ulta Beauty, a beauty company, and Heico Corporation, an aerospace and electronics specialist. Given Warren Buffett’s ideal holding period is forever, these two stocks attracted investor attention overnight, with both gaining in the US aftermarket.
With $227m allocated to Ulta and $247m to Heico, the new additions will do little to dent Berkshire’s $278bn cash pile. In addition to the two new positions, Berkshire increased its stakes in Chubb, Occidental Petroleum, and Sirius XM.
Chevron and T-Mobile were among the stocks sold by the group.
Insights into Berkshire Hathaway’s portfolio were found in the group’s 13F disclosure, providing a rundown of recent portfolio changes. A raft of other asset managers and hedge funds released the same publication yesterday with notable buys of Nike by Bill Ackman’s Pershing Square and Lyft by David Tepper’s Appaloosa.