Warren Buffett’s Berkshire Hathaway took small stakes in beauty retailer Ulta Beauty and electronics and aerospace company Heico last quarter, according to its latest 13F regulatory filing. The Omaha-based conglomerate announced a $266 million bet on Ulta Beauty and a $186 million stake in Heico. Those positions are relatively small for Berkshire, whose stock portfolio is worth more than $300 billion. Buffett’s lieutenants Ted Weschler and Todd Combs, who each manage about $15 billion, may be behind the new stocks. Ulta’s stock price has been on an upward spiral lately. After falling 26% in the second quarter, the stock has fallen another 15% since the end of June as retailers warned of cooling demand in the beauty category. Heico has had a strong year, with its shares up more than 32%. Berkshire Hathaway also increased its stake in Bermuda insurance company Chubb Ltd. by 4% last quarter, with the holding valued at $6.9 billion at the end of June. The property and casualty insurance company, which Berkshire Hathaway acquired in a confidential manner over several quarters, remains Berkshire Hathaway’s ninth-largest holding. Selling Apple Berkshire Hathaway disclosed in its earnings report earlier this month that its holdings in Apple were valued at $84.2 billion at the end of the second quarter, indicating that Buffett had sold off more than 49% of the iPhone maker. , which surprised many people. The 93-year-old investing legend has been on a massive sell-off, offloading more than $75 billion in stocks in the second quarter, boosting Berkshire’s cash hoard to $277 billion, the highest level in the group’s history. It also exceeded the full year’s cash reserves. Buffett also began selling Bank of America, his second-largest holding, in July, but the third-quarter transactions were not reflected in Wednesday’s 13F filing.
Buffett’s Berkshire Hathaway increases stakes in Ulta Beauty and Heico | Real Time Headlines
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