In a Securities and Exchange Commission (SEC) filing, (NYSE:BRK.A) (NYSE:BRK.B) and its CEO Warren Buffett detailed the moves the conglomerate made to its $285 billion stock portfolio.
The biggest move was made public in the company’s second quarter earnings report, released earlier this month, as Berkshire Hathaway in its largest holding, Apple (NASDAQ:AAPL). Buffett sold about $50 billion in Apple stock in Q2, reducing its position to about $84 billion in the iPhone maker’s stock. Apple is still the largest holding in Berkshire’s portfolio at 30%, but it is down from $174 billion, or 49% of the portfolio, at the end of 2023.
Buffett and Berkshire also cut back on Apple stock in Q1. But the new SEC filing, the 13F, analyzed by , details other changes made in Q2, including the addition of two new names — Ulta Beauty (NASDAQ:ULTA) and HEICO (NYSE:HEI). Warren Buffett and his team established two new positions in the $285 billion Berkshire Hathaway portfolio in the second quarter.
The larger stake was in Ulta Beauty, the national beauty retailer and salon. Buffett bought roughly 690,000 shares worth about $267 million in Ulta, representing just 0.10% of the total portfolio.
The other addition was HEICO, a company that manufactures and sells technology products to the aerospace, defense, and industrial sectors. The company bought approximately 1 million shares at a market value of $185 million, which accounts for a 0.07% overall stake in the portfolio.
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