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Berkshire Hathaway Exits T-Mobile, Cuts Apple Stake and Takes $1.6 Billion UnitedHealth Position

Building its cash hoard to $344 billion underscores a defensive repositioning ahead of Warren Buffett’s succession plan

AUGUST 6th 2022: Warren Buffett's conglomerate holding company Berkshire Hathaway Inc. reports a loss of $44 billion in the second quarter of 2022. - File Photo by: zz/Dennis Van Tine/STAR MAX/IPx 2017 12/14/17 Warren Buffett at the premiere of "The Post" held on December 14, 2017 in Washington, D.C.
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Overview

  • Berkshire initiated a roughly $1.6 billion stake in UnitedHealth by acquiring five million shares in the second quarter after the insurer’s stock tumbled
  • The conglomerate fully divested its $1 billion position in T-Mobile US as part of its broader reduction of smaller legacy holdings
  • It continued multi-quarter sell-downs of Apple and Bank of America, cutting Apple’s weighting to about 22 percent of its public-equity portfolio and trimming its BoA stake to roughly 8 percent
  • Management quietly added or boosted stakes in beaten-down and cyclical names including Nucor, Lennar, D.R. Horton, Lamar Advertising and Allegion
  • Record Q2 sales pushed Berkshire’s cash reserves to about $344 billion, reflecting deliberate liquidity accumulation to preserve optionality