Warren Buffett, UnitedHealth
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Warren Buffett’s company reveals new investments in Nucor, UnitedHealth and two big homebuilders
Berkshire Hathaway revealed four new investments Thursday in steelmaker Nucor, insurer UnitedHealth and two of the nation’s biggest homebuilders — Lennar and DR Horton — but only one of the investments was big enough to ensure that legendary investor Warren Buffett may have handled them.
Warren Buffett’s Berkshire Hathaway revealed a position in embattled healthcare giant UnitedHealth Group while showing smaller stakes in longtime holdings Apple and Bank of America, according to a regulatory filing Thursday.
Berkshire Hathaway’s portfolio added six new stocks, including the three new secret stocks. Warren Buffett was a net seller of stocks for the eleventh straight quarter.
The conglomerate sold Apple shares during the second quarter, though the iPhone maker remains Berkshire’s largest stockholding.
The Omaha-based conglomerate bought more than 5 million shares in the healthcare firm for a stake worth about $1.6 billion at the end of June.
Berkshire Hathaway ( BRK.A -0.05%) ( BRK.B 0.24%) is considered by many to be a reliable stock for long-term investors. It's outperformed the S&P 500 ever since a young Warren Buffett took over the company in 1965, and its evolution from an aging textile maker to a diversified conglomerate churned out millionaire-making gains.
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Barchart on MSNWarren Buffett Urges Investors to Fix Errors, Even If ‘Scoring Touchdowns is More Exhilarating Than Recovering One’s Fumbles’
Warren Buffett emphasizes that while achieving success is exciting, effectively correcting mistakes when they occur is equally critical for businesses.
Berkshire Hathaway’s $1 billion homebuilding investment indicates Warren Buffett’s confidence in a future U.S. housing market rebound.
Berkshire Hathaway recently filed its second-quarter 13F form, revealing its stock holdings at the end of June.