During the second quarter, Warren Buffett’s Berkshire Hathaway made significant moves in its investment portfolio, acquiring stakes in Ulta Beauty and Heico while reducing its holding in Apple. The regulatory filing revealed that Berkshire held approximately 690,000 Ulta Beauty shares valued at $266.3 million and 1.04 million Heico shares worth $185.4 million as of June 30.
Following the news, Ulta Beauty shares surged by 14% and Heico shares saw a 3% increase in after-hours trading, indicating investor confidence in the companies receiving Buffett’s endorsement. While it was not specified whether Buffett himself made the purchases, Berkshire’s portfolio managers Todd Combs and Ted Weschler typically oversee such investments.
