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2h ago

Berkshire Hathaway Discloses Q2 $1.6 Billion UnitedHealth Stake and Portfolio Rebalance

Confidential build-up under 13F rules highlights a high-profile contrarian bet in a DOJ-investigated insurer.

UnitedHealth Group's headquarters building is seen in Minnetonka, Minnesota, U.S., in this handout picture taken in 2019. UnitedHealth Group/Handout via REUTERS THIS IMAGE HAS BEEN SUPPLIED BY A THIRD PARTY. MANDATORY CREDIT/File Photo
FILE - Berkshire Hathaway Chairman and CEO Warren Buffett speaks during an interview with Liz Claman on Fox Business Network's "Countdown to the Closing Bell," May 7, 2018, in Omaha, Neb. (AP Photo/Nati Harnik, File)
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Overview

  • Berkshire’s Q2 Form 13F showed a roughly 5 million-share UnitedHealth position valued at about $1.6 billion as of June 30.
  • The disclosure sent UnitedHealth shares up more than 10 percent in after-hours and pre-market trading alongside rallies in steel and homebuilder names.
  • Beyond UnitedHealth, the filing revealed new stakes in Nucor, Lennar, D.R. Horton, Lamar Advertising and Allegion.
  • The report also confirmed cuts of about 20 million Apple shares, 26 million Bank of America shares and a full exit from T-Mobile.
  • It remains unclear whether Warren Buffett or his investment lieutenants Todd Combs and Ted Weschler directed the secret accumulation against a backdrop of active DOJ probes into UnitedHealth.