Firm discloses moves in regulatory filing
Warren Buffett ’s Berkshire Hathaway acquired stakes in cosmetics store chain Ulta Beauty and aircraft parts maker Heico during the second quarter, when it also significantly cut its huge stake in Apple .
Wednesday’s filing did not say whether Buffett did the buying, though his portfolio managers Todd Combs and Ted Weschler normally oversee Berkshire’s smaller stock investments. Its business portfolio includes brands such as Benjamin Moore, Dairy Queen, Duracell and Fruit of the Loom, and about $2.5 billion of stock in grocery chain Kroger.Berkshire is also familiar with the aerospace sector, having paid $32.1 billion in 2016 for aircraft parts maker Precision Castparts, still its largest purchase of an entire company.
It also exited a nearly $1 billion investment in cloud computing company Snowflake and its remaining stake in media company Paramount Global.The selling left Berkshire with $276.9 billion of cash and equivalents, up from $189 billion at the end of March.
Buffett Stake Quarter Apple Stock Comment Bank Todd Combs Ulta Ulta Beauty
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