Did Warren Buffett Really Buy These 4 Stocks?

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One of investors’ greatest pastimes is following the buying and selling of Warren Buffett and Berkshire Hathaway ( NYSE:BRK-B ). CNBC has created a portfolio tracker to do just that.

In mid-August, the holding company filed its Q2 2024 13F. As usual, there were a few surprise buys and sells. The biggest surprise was that the Oracle of Omaha dumped almost 50% of his Apple ( NASDAQ:AAPL ) stock, pushing Berkshire’s cash to a record $277 billion.

Before the Apple sale, the Berkshire equity portfolio had a market value of over $400 billion. As of Aug. 27, it was $317 billion , up from $280 billion at the end of June.

Berkshire added two new positions in the second quarter and increased its holdings for five existing positions.

Of the seven changes, the two new stocks Buffett added in the second quarter, Ulta Beauty ( NASDAQ:ULTA ) and Heico ( NYSE:HEI ), were undoubtedly the biggest surprises.

The two non-surprises saw Berkshire topping up Occidental Petroleum ( NYSE:OXY ) and Chubb ( NYSE:CB ), which are top-10 holdings.

Here’s a look at all four buys.

• Ulta Beauty (ULTA) is the most unusual stock Buffett has ever bought.

• Heico (HEI) is the type of stock the Oracle of Omaha might own.

• Occidental Petroleum (OXY) is one of Buffett’s favorites.

• Chubb (CHB) is in its circle of competence.
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