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6h ago

Berkshire Unveils $1.6B UnitedHealth Stake, Adds Steel and Homebuilder Bets

The 13-F report reveals a tactical shift into distressed insurers alongside fresh industrial and homebuilder positions after months of confidential accumulation.

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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FILE - Pages from the United Healthcare website are displayed on a computer screen, Feb. 29, 2024, in New York. (AP Photo/Patrick Sison, File)

Overview

  • Berkshire disclosed roughly 5 million UnitedHealth shares worth about $1.6 billion in its quarter-end 13-F filing, triggering an after-hours rally.
  • New stakes in steelmaker Nucor and homebuilders Lennar and D.R. Horton highlight a move into industrial and housing sectors.
  • The filing confirms further trimming of Apple and Bank of America positions and a full exit from T-Mobile.
  • Confidential-treatment requests allowed Berkshire to quietly build these positions without alerting markets.
  • It remains unclear whether Warren Buffett or lieutenants Todd Combs and Ted Weschler selected the smaller new bets.