Key Developments in Berkshire Hathaway’s Q2 2023 Investments
-
Berkshire Hathaway has reduced its stakes in Apple and Bank of America by 7% and 4% respectively in Q2 2023.
-
Year-over-year, Berkshire has cut its Apple holding by 30% and its Bank of America stake by 41%.
-
Berkshire initiated a new position of $1.57 billion in UnitedHealth Group, whose stock has dropped approximately 46% this year.
In the second quarter of 2023, Berkshire Hathaway, led by Warren Buffett, decreased its holdings in its top two stocks, Apple and Bank of America. This move reflects a cautious approach amidst concerns about economic conditions, with continued drops in these stock values over the past year. Conversely, Berkshire’s investment in UnitedHealth Group signifies a contrarian move, as the healthcare insurer’s shares have suffered but may offer future growth potential based on projected revenue increases.
