Warren Buffett’s Berkshire Hathaway $BRK.B (BRK.A) revealed in a new regulatory filing that it’s been busy making moves into beauty and aerospace.
The investment giant bought shares in Ulta $ULTA Beauty (ULTA) and aerospace firm Heico Corp. (HEI) in the second quarter. Ulta Beauty stock soared 10% on Thursday, making it the top gainer in the S&P 500. The beauty brand’s stock was headed toward its best day in two years after Berkshire disclosed its big stake.
Notably, Buffett’s company also decided to cut back on its Apple $AAPL stake, though it still holds a big chunk. The tech giant makes up about a third of the holding company’s portfolio.
Meanwhile, Berkshire Hathaway also trimmed its stake in other companies, including Paramount $PARA Global (PARA), cloud computing firm Snowflake $SNOW (SNOW), and Chevron $CVX (CVX).
The latest filing is only a snapshot of what Berkshire Hathaway’s holdings are as of June 30, which means that it does not include any trades or changes made after that date — including its sale of Bank of America $BAC (BAC) shares that occurred in July.
Separately, in early August it was revealed that Buffett’s Berkshire Hathaway owned more U.S. Treasury bills than the Federal Reserve, with investments totaling $234.6 billion in government securities.