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Samyarup Chowdhury
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As Warren Buffett approaches retirement, his investment choices are drawing heightened attention. BY: MEGA
As Warren Buffett approaches retirement, his investment choices are drawing heightened attention. Knewz.com has learned that Berkshire Hathaway revealed in its latest 13F filing that it purchased just over 5 million shares of UnitedHealth Group last quarter, a stake worth approximately $1.6 billion as of the end of June. While itβs unclear whether the decision came from Buffett himself or his deputies Todd Combs and Ted Weschler, the purchase stands out as one of the final stock picks linked to the βOracle of Omahaβ before he steps aside.
Buffettβs bet on UnitedHealth amidst turmoil
UnitedHealth stock has faced steep losses since CEO Brian Thompson was shot dead by Luigi Mangione in December 2024. BY: MEGA
UnitedHealth stock faced steep losses since CEO Brian Thompson was shot dead by Luigi Mangione in December 2024, plunging from nearly $600 in April to around $310 by June. Buffett, known for finding bargains in beaten-down companies, appears to have seized on the downturn. The filing triggered a sharp rebound, with UnitedHealth surging 13% in recent premarket trading. Market analyst Larry McDonald captured the mood on X, saying, βBuffett has been buying the puke-athon, $UNH United Health. Wall Street analysts, loved it on the highs, all βsellsβ on the lows, Warren says βThank you.β Buffett likes falling knives.β
Cutting back on Apple shares, adding new names
Berkshire reduced its Apple holdings by 7%, leaving 280 million shares worth $57 billion at the end of June. BY: Unsplash
Alongside the UnitedHealth stake, Berkshire reduced its Apple holdings by 7%, leaving 280 million shares worth $57 billion at the end of June. The company has sold more than two-thirds of its Apple stake this year, down from $174 billion in January. Other moves included previously undisclosed stakes in homebuilders DR Horton and Lennar and steelmaker Nucor. Berkshire also added Lamar Advertising and Allegion, while boosting Chevron, Constellation Brands and Dominoβs Pizza. At the same time, it exited T-Mobile U.S. and trimmed positions in Bank of America and Charter Communications.
Berkshireβs growing cash hoard
The conglomerate bought $3.9 billion worth of equities last quarter but sold $6.9 billion. By: Alexander Grey on Unsplash
Despite headline-making purchases, Berkshireβs filings show it remains a net seller of stocks. The conglomerate bought $3.9 billion worth of equities last quarter but sold $6.9 billion, marking its 11th consecutive quarter of net selling. That has pushed Berkshireβs cash reserves to a record $344 billion, a sum larger than Coca-Colaβs entire market value.
Buffettβs retirement is around the corner
Buffett turns 95 this year. BY: MEGA
Buffett, who turns 95 this year, has faced difficulty deploying Berkshireβs cash as market valuations remain elevated. With retirement approaching, investors are scrutinizing every move, and the UnitedHealth buy may serve as a final glimpse into Buffettβs value-driven strategy.
The post Warren Buffett shares stock picks before stepping down appeared first on Knewz.
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