Warren Buffett's Berkshire Hathaway disclosed its 13F holdings report, acquiring shares of cosmetics chain Ulta Beauty (ULTA) and aircraft parts manufacturer Heico (HEI) in the second quarter, while significantly reducing its holdings in Apple (AAPL.O).
According to a regulatory filing submitted on Wednesday, as of June 30, Berkshire Hathaway bought into two companies:
<ul>
<li>Holding approximately 690,000 shares of Ulta Beauty, valued at $2.663 billion;</li>
<li>Holding 1.04 million shares of Heico, valued at $1.854 billion.</li>
</ul>
As of the time of writing, these two stocks surged by 16% and 8% respectively in pre-market trading.
<img src="https://pub.pbkrs.com/cms/2024/0/T8HAJx2uXiewyP5CXN7igZdoeRM9oLnX.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/T8HAJx2uXiewyP5CXN7igZdoeRM9oLnX.jpg"/>
In the second quarter, Buffett made a significant retreat from the stock market, selling about 390 million shares of Apple, which accounted for nearly half of its Apple holdings.
In terms of total amount, Berkshire sold $77.2 billion worth of stocks in the second quarter, mainly Apple, while only buying $1.6 billion

ULTA

BRK.B

BRK.A

Warren Buffett Q2 newly purchased shares of the cosmetics chain store Ulta Beauty (ULTA) and the aircraft parts manufacturer Heico (HEI), with their stock prices soaring 16% and 8% respectively in pre-market trading

- Berkshire Hathaway, led by Warren Buffett, disclosed its 13F holdings report, revealing acquisitions of Ulta Beauty (ULTA) and Heico (HEI) shares while significantly reducing its stake in Apple (AAPL.O) in the second quarter. 
- As per regulatory filings submitted on Wednesday, Berkshire Hathaway initiated positions in Ulta Beauty with around 690,000 shares valued at $2.663 billion and Heico with 1.04 million shares valued at $1.854 billion as of June 30. 
- Berkshire made a notable exit from the stock market in Q2, selling about 390 million Apple shares, nearly half of its Apple holdings, totaling $77.2 billion, while only purchasing $1.6 billion worth of stocks.

These two stocks surged before the market opened! Would Buffett rather sell Apple to buy them?