Berkshire Hathaway's Q2 Portfolio: New Stakes in UnitedHealth, Nucor; Trimmed Apple Holding

Berkshire Hathaway disclosed its Q2 holdings, revealing new stakes in UnitedHealth, Nucor, Lennar, DR Horton, and Lamar. The company exited T-Mobile and increased positions in Pool Corp, Heico, Domino's Pizza, and Constellation Brands. It reduced stakes in Apple, DaVita, Charter Communications, and Bank of America. Berkshire Hathaway's top holdings as of June 30 were Apple, American Express, Bank of America, Coca-Cola, and Chevron.

Berkshire Hathaway, the investment conglomerate led by Warren Buffett, has made significant adjustments to its portfolio during the second quarter of 2025. The company's latest 13F filing reveals notable additions and reductions across various sectors, signaling a strategic shift in its investment approach.

Among the most prominent additions to Berkshire Hathaway's portfolio are UnitedHealth, Nucor, Lennar, D.R. Horton, and Lamar. These investments reflect a disciplined approach to capital allocation, with a focus on companies with durable competitive advantages and predictable cash flows. UnitedHealth, a troubled insurer, saw its stock rise 6% following Berkshire's disclosure of a $1.6 billion stake [1]. This investment positions UnitedHealth as the 18th largest holding in Berkshire's portfolio. Nucor, a leading steel producer, was also added to the portfolio, aligning with Berkshire's focus on industrial and transportation sectors [1]. Lennar and D.R. Horton, both homebuilders, were included in the quarterly filings, reflecting Berkshire's interest in the housing sector [1].

Berkshire Hathaway also reduced its holdings in several major stocks, including Apple, Bank of America, Charter Communications, and DaVita. The company sold 20 million shares of Apple, reducing its total holdings to 2.8 billion shares [2]. Additionally, Berkshire Hathaway reduced its holdings in Bank of America by 26.3 million shares, bringing its total holdings to 6.053 billion shares [2]. These moves underscore Berkshire Hathaway's strategic approach to investing, even in the face of strong market positions.

The company's top holdings as of June 30 remained Apple, American Express, Bank of America, Coca-Cola, and Chevron. However, the additions and reductions in the portfolio indicate a more dynamic approach to capital deployment, with a focus on long-term growth and stability over short-term gains.

The upcoming Q3 13F filing will provide further insights into Berkshire Hathaway's investment strategy and the potential impact of these acquisitions on the company's overall performance. For investors, the key takeaway is patience and a focus on companies with enduring competitive advantages.

References:
[1] https://www.ainvest.com/news/berkshire-hathaway-adds-stocks-portfolio-q2-2508/
[2] https://www.ainvest.com/news/berkshire-hathaway-reduces-apple-holdings-20-million-shares-adds-unitedhealth-group-2508/