Berkshire Hathaway's 13F filing for the second quarter of 2025 has been released, revealing significant changes to Warren Buffett's and his team's stock portfolio. The filing provides a snapshot of the firm's equity holdings as of June 30, 2025.
Key Buys and New Positions
✅️ UnitedHealth Group (UNH)
The most notable and surprising new position is a significant stake in UnitedHealth Group. This investment, worth about $1.6 billion, was accumulated under a request for confidential treatment from the SEC to avoid a price spike. The purchase is particularly interesting given that UnitedHealth has faced a Justice Department probe and other challenges. I do have stakes in UNH as well.
✅️ Chevron (CVX)
Berkshire added to its position in Chevron, increasing its stake by almost 3%. This move reinforces the firm's commitment to the energy sector, which is a major holding alongside Occidental Petroleum.
✅️ Constellation Brands (STZ) and Pool Corp (POOL)
Berkshire increased its holdings in these two companies, suggesting continued confidence in the consumer goods and housing-related sectors.
✅️ Other Additions
The filing also revealed new or added positions in other companies, including homebuilders D.R. Horton and Lennar, steelmaker Nucor, and security products maker Allegion.
Significant Sales and Exits
❌️ Apple (AAPL)
Berkshire trimmed its massive stake in Apple, selling 20 million shares. While a significant sale, Apple remains Berkshire's largest holding by a wide margin, underscoring its long-term importance to the portfolio.
❌️ Bank of America (BAC)
The firm reduced its position in Bank of America by over 26 million shares. This move continues a pattern of Berkshire trimming its exposure to the financial sector.
❌️ T-Mobile (TMUS)
Berkshire completely exited its position in T-Mobile, selling its entire stake in the telecom company. This marks a full retreat from a sector that Buffett has historically been cautious about.
❌️ Other Reductions
The filing showed other reductions, including in Davita Inc (DVA) and Verisign Inc (VRSN).
❤️❤️ Overall Portfolio and Context ❤️❤️
Net Seller
Overall, Berkshire was a net seller of equities during the second quarter, continuing a trend of recent quarters.
Concentration
The top holdings in the portfolio, including Apple, American Express, Bank of America, Coca-Cola, and Chevron, continue to make up a large portion of the total portfolio value.
Buffett's Role
It's important to remember that these moves represent the decisions of both Warren Buffett and his portfolio managers, Todd Combs and Ted Weschler. The significant, long-term holdings like Apple, Coca-Cola, and American Express are widely considered to be Buffett's selections, while some of the smaller and more recent positions may be from Combs and Weschler. The filing also comes just a few months after Buffett announced he would be stepping down as CEO at the end of 2025.
Side Note: A 13F filing is a backward-looking document that shows holdings at the end of a specific quarter. It does not reflect any trades that have occurred since that time.
Like Buffet, I've been a net seller this quarter, taking profits off the table for now and watching on the sidelines, waiting to buy the dip on good companies. What's your strategies? Come comment for coins
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Modify on 2025-08-17 18:08
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