[Alpha Biz= Reporter Kim Sangjin] Warren Buffett's Berkshire Hathaway has significantly reduced its stake in Apple during the second quarter, while increasing its holdings in a major cosmetics retailer and an aircraft parts manufacturer.

On August 14th (local time), Bloomberg and other sources reported that Berkshire disclosed in its 13F filing that it purchased approximately 690,000 shares of Ulta Beauty, the largest U.S. cosmetics retailer, and about 1.04 million shares of HEICO, a manufacturer of jet engines and aircraft parts, in Q2. The value of these purchases was approximately $227 million (about 308.9 billion won) for Ulta Beauty and $247 million (about 336.1 billion won) for HEICO. Following the announcement, shares of Ulta Beauty and HEICO rose by about 13% and 3%, respectively, in after-hours trading.

Previously, Berkshire revealed it sold nearly half of its Apple holdings, worth around $50 billion (about 68 trillion won), during the second quarter. Additionally, Berkshire completely sold or reduced its stakes in Snowflake, Chevron, Paramount Global, among others. Berkshire's cash reserves increased from $189 billion (about 257.2 trillion won) at the end of March to $277 billion (about 376.8 trillion won) by the end of June.

 

 

 

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