Berkshire reveals stakes in Ulta Beauty, Heico as it retreats from Apple

Heico

14/08/2024 21:35

Aug 14 (Reuters) - Warren Buffett's Berkshire Hathaway
 BRKa.N  acquired stakes in cosmetics store chain Ulta Beauty
 ULTA.O  and aircraft parts maker Heico  HEI.N  during the
second quarter, when it also significantly cut its huge stake in
Apple  AAPL.O .
    Berkshire owned about 690,000 Ulta Beauty shares worth
$266.3 million and 1.04 million Heico shares worth $185.4
million as of June 30, according to a Wednesday regulatory
filing containing its U.S.-listed holdings as of that date.
    The quarter reflected a big retreat by Buffett from stocks,
with Berkshire selling about 390 million Apple shares, or nearly
half its stake.
    Berkshire sold $77.2 billion of stocks in the quarter,
primarily Apple, and bought $1.6 billion.

 (Reporting by Jonathan Stempel in New York
Editing by Marguerita Choy)
 ((jon.stempel@thomsonreuters.com; +1 646 223 6317; Reuters
Messaging: jon.stempel.thomsonreuters.com@reuters.net))