Berkshire Hathaway Adjusts Portfolio with New Investments and Reductions

Berkshire Hathaway has disclosed significant adjustments to its investment portfolio in the second quarter of 2025. The conglomerate acquired 5.04 million shares of UnitedHealth Group, valued at approximately $1.57 billion as of June 30. This move comes amid challenges faced by UnitedHealth, including rising costs and ongoing investigations.

In addition to UnitedHealth, Berkshire initiated new positions in homebuilders D.R. Horton and Lennar, steelmaker Nucor, and advertising firm Lamar Advertising. The investments in D.R. Horton and Lennar reflect Berkshire's familiarity with the housing sector, as it owns Clayton Homes, the largest U.S. manufactured homebuilder.

Conversely, Berkshire reduced its stake in Apple by selling 20 million shares, bringing its total holdings to 280 million shares valued at $57.4 billion. This follows previous reductions in 2023 and 2024. The company also decreased its holdings in Bank of America and exited its position in T-Mobile US.

These portfolio adjustments were revealed in Berkshire's quarterly filing with the Securities and Exchange Commission, providing insight into the company's investment strategies during a period of market volatility.