What Did Berkshire Hathaway Buy in Q2?
Berkshire Hathaway (BRK-B) increased its stock portfolio value to $299B in Q2, adding D.R. Horton (DHI) and boosting stakes in Alphabet (GOOG), Delta Air Lines (DAL), Lennar (LEN.B), New York Times (NYT), and Macy’s (M). It reduced holdings in Bank of America (BAC), Kroger (KR), Ally Financial (ALLY), and Capital One Financial (COF).
How this was made
The 30-second read
Why it matters
The disclosed changes provide insight into Berkshire's strategic allocation shifts, offering traders clues on sector trends.
Market read
While not a headline catalyst, the filing updates exposure to several major U.S. stocks, useful for sector rotation strategies.
What to watch
Potential hidden size of stakes and timing of future filings could alter impact.
Background
Berkshire Hathaway's quarterly 13F filing reveals its net buying stance and specific position changes across multiple sectors.
Ticker impact
Berkshire started a small position in homebuilder D.R. Horton (DHI) in Q2.
Slight upside potential for DHI.
Small stake, limited immediate market effect.
Berkshire exited its holding in Constellation Brands (STZ) in Q2.
Minor downward pressure on STZ.
Stake trimmed, but size not disclosed.
Berkshire increased its stake in Alphabet (GOOG) to 6.32% of assets, up 83% at $290‑$409 range.
Potential upside for GOOG.
Large allocation increase signals confidence.
Berkshire raised its allocation in Delta Air Lines (DAL) to 1.79% in Q2.
Modest upside if travel rebounds.
Allocation increase modest; oil price outlook uncertain.
Berkshire increased its stake in Lennar (LEN).
Slight positive effect on LEN.
Stake increase noted but size unknown.
Berkshire increased its stake in New York Times (NYT).
Minor impact on NYT.
Stake size not disclosed.
Berkshire increased its stake in Macy’s (M).
Limited effect on M.
Stake change not quantified.
Berkshire trimmed its position in Bank of America (BAC).
Minor downward pressure on BAC.
Trim described as slight.
Market effects
Broad shift in Berkshire's sector allocations may influence homebuilding, tech, and consumer sectors.
U.S. equity markets may see modest rebalancing as large institutional investors adjust positions.
Limited; primarily affects U.S.-listed equities.
Counterpoint
Berkshire's modest moves suggest a wait-and-see stance rather than aggressive conviction.
Key entities
- Investment FirmBerkshire Hathaway
Large conglomerate filing its Q2 13F.
