Buffett buys into UnitedHealth, Nucor and homebuilders, trims Apple and BofA stakes

Warren Buffett / Berkshire Hathaway Q2 2025 portfolio strikes, in abstract from the newest Berkshire Hathaway 13-F submitting

New and Elevated Positions

• UnitedHealth Group (UNH) – New 5M-share stake (~US$1.6B worth, 18th largest Berkshire place).

  • First time again in UNH since 2010; inventory jumped 6–7% in after-hours buying and selling on the information.

  • Buy comes regardless of UNH’s troubled 12 months: ~50% share worth drop YTD, DOJ investigation into Medicare billing, CEO resignation, and decreased 2025 earnings outlook.

  • Seen as a contrarian discount transfer; probably initiated by funding lieutenants Todd Combs or Ted Weschler.

• Nucor (NUE) – New place; steelmaker’s shares jumped almost eight% after disclosure.

• Lennar (LEN) – Considerably elevated stake; shares rose ~three% after submitting.

• DR Horton (DHI) – New place in homebuilder; shares up ~three% after submitting.

• Different smaller stakes – Lamar Promoting (out of doors promoting) and Allegion (safety merchandise).

Trimmed Positions

• Apple (AAPL) – Additional decreased stake.

• Financial institution of America (BAC) – Continued promoting.

Context & Hypothesis

• Berkshire’s Q1 submitting had famous a number of undisclosed holdings beneath SEC confidential remedy; the “thriller inventory” turned out to be a mixture of DR Horton, Nucor, and Lennar stakes.

• Berkshire’s fairness portfolio worth: ~US$300B.

• Buffett steps down as Berkshire CEO end-2025; Greg Abel to succeed him and can oversee capital allocation. Buffett stays chairman.

Market Affect

• UNH, NUE, LEN, and DHI all rallied after the submitting.

• UNH additionally attracted different notable patrons in Q2, together with Michael Burry and David Tepper.

• UNH buying and selling at a P/E just below 12, close to decade-long lows.

This text was written by Aaron Cutchburt at investinglive.com.