Warren Buffett’s Berkshire Hathaway revealed a previously confidential holding in UnitedHealth Group, buying 5,039,564 shares during the second quarter, according to a Form 13F filed with the US Securities and Exchange Commission late Thursday. The position was valued at roughly $1.57 billion at the end of June. The filing shows Berkshire continued to reshape its roughly $300 billion equity portfolio. It opened new positions in steelmaker Nucor, homebuilders Lennar and D.R. Horton, billboard operator Lamar Advertising and security-products maker Allegion, while exiting its stake in T-Mobile US and trimming long-standing holdings in Apple and Bank of America. Other high-profile investors also moved into the health-insurance giant. David Tepper’s Appaloosa Management expanded its UnitedHealth stake by about 1,300% to 2.45 million shares worth roughly $665 million, and Michael Burry’s Scion Asset Management reported UnitedHealth stock and call options valued near $115 million. UnitedHealth shares rose more than 7% in post-market trading after the disclosures. Even with the jump, the stock remains about 35% below its average price for the first half of the year, underscoring the steep sell-off that has attracted value-oriented investors.
Warren Buffett's Berkshire Hathaway $BRK.B $BRK.A disclosed a $1.57B stake in UnitedHealth $UNH during Q2, boosting UNH shares 7% to $289.78 in after-hours trading.
BREAKING: Michael Burry, of "The Big Short" fame, just filed a portfolio update. He added: - UnitedHealth, $UNH - Lululemon, $LULU - Bruker, $BRKR - Regeneron, $REGN - MercadoLibre, $MELI Track his full portfolio on Quiver.
Get your popcorn ready: Warren Buffett's Berkshire Hathaway just spent 2 quarters accumulating a "mystery stock." Today, the Berkshire disclosed that the mystery position was a $5 BILLION stake in UnitedHealth, $UNH. This is the United State's largest insurance company, which