Warren Buffett and his latest investment moves
Warren Buffett, the legendary investor and chairman of Berkshire Hathaway, regularly attracts attention with his investment decisions. Every quarter, Berkshire Hathaway, of which Buffett is the mastermind, publishes an update on its investments. Recently, the second quarter 2024 report was published, and as usual, it brought some interesting changes to the giant's portfolio.
New investments and expansion of existing positions
Ulta Beauty $ULTA
Berkshire Hathaway made its first investment in Ulta Beauty, a beauty products company, last quarter. While this investment so far amounts to only 690,000 shares, the value of the shares reached approximately $266 million at the end of June.
HEICO $HEI-A
Another new addition to Berkshire's portfolio is HEICO, a manufacturer of industrial components. The company added more than a million shares of this company, which equates to an investment of over $185 million.
Chubb Limited $CB
Berkshire increased its stake in insurance company Chubb by 4.3%. This…