Berkshire from Warren Buffett takes $ 1.6 billion Unitedhealth Stake, Trims Apple, leaves T-Mobile in Q2

In the second quarter, Berkshire Hathaway from Warren Buffett announced a surprise of $ 1.6 billion gambling on the troubled health insurer UnitedHealth Group, while he went back his Apple and Bank of America Holdings and completely left his T-Mobile US position, turned out to be a regulatory file on Thursday.

The conglomerate established in Omaha bought more than 5 million UnitedHealth shares during the quarter, so that the share was sent no less than 9.6% on the market after the market. The importance arranges as the 18th largest share position of Berkshire, despite the battered image of the insurer, the shares this year before the submission had fallen nearly 50%, amid a investigation into the Ministry of Justice to Medicare Billing, a dismissal of CEO and repeated profit wars.

Apple, Bofa Cuts; T-Mobile Exit

Berkshire cut his Apple Holding with around 20 million shares, which reduced the value of the interest during the period by $ 9.2 billion by $ 9.2 billion. Even after the cut, Apple remains the largest share position in Berkshire based on market value.

The company also sold 26 million shares of the Bank of America, which brought its interest to around 8%and his investment of $ 1 billion in T-Mobile US liquidated.

Other portfolio movements

The application unveiled Berkshire building positions in steel maker Nucor and housing builder Lennar, while he has shares from Dr. Horton sold. Smaller deployment was added in outside advertising company Lamar Advertising and security products Maker Allegion. Some of these changes were previously remembered from the public after the Securities and Exchange Commission had granted Berkshire’s request for confidential treatment.

Buffett, who will be 95 this month and will resign as Berkshire’s Chief Executive at the end of the year, has long criticized the American health care system as a “tapeworm” about the economy. While Berkshire’s $ 300 billion stock portfolio is widely associated with Buffett’s investment style, smaller and newer positions are often attributed to its representatives, Todd Combs and Ted Weschler, although Buffett is definitely about capital allocation locationRead also | 5 shares in which Warren Buffett has invested this year this year

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