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Berkshire Hathaway’s Q2 Stock Moves
In the second quarter of 2025, Warren Buffett’s Berkshire Hathaway sold 20 million shares of Apple (NASDAQ: AAPL), reducing its position by approximately 70% since late 2023, while initiating a new position in UnitedHealth Group (NYSE: UNH).
Apple’s Market Position and Challenges
Despite maintaining its status as the largest holding in Berkshire’s $313 billion portfolio, Apple accounted for 43% of smartphone sales in Q2 2025, nearly three times more than its closest competitor, Samsung. However, concerns arise as Apple’s innovation has stalled since 2017 and its stock trades at 40 times earnings, while projected earnings growth stands at just 10% annually over the next three years.
UnitedHealth Group’s Difficulties
UnitedHealth Group has experienced an 18% decline in earnings in the first half of 2025, alongside $6.5 billion in underestimated expenses, primarily from Medicare plans. The company faces multiple Justice Department investigations related to potential antitrust violations and billing practices, contributing to its stock trading 42% below its record high.
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