Warren Buffett's Latest Stock Moves: Apple Stake Reduced, UnitedHealth Group Added

Introduction

In the second quarter of 2020, Warren Buffett's conglomerate, Berkshire Hathaway, has once again made some significant changes to its stock portfolio. The Wall Street Journal reports that Berkshire Hathaway has reduced its stake in Apple, while also adding a new position in UnitedHealth Group.

Key Details

According to the latest regulatory filing, Berkshire Hathaway sold 36.2 million shares of Apple, worth approximately $3.7 billion. This brings their total holdings of the tech giant down to 245.2 million shares, making it still their largest stockholding. On the other hand, Berkshire Hathaway has added 4.5 million shares of UnitedHealth Group, a leading healthcare company, worth $904.6 million.

These moves come after a series of changes in Berkshire Hathaway's stock portfolio, including the complete sell-off of their entire stake in four major airlines due to the impact of the COVID-19 pandemic on the industry.

Impact

The decision to reduce their stake in Apple could be seen as a way for Berkshire Hathaway to diversify their portfolio and reduce their exposure to the volatile tech industry. On the other hand, the addition of UnitedHealth Group could be a strategic move to capitalize on the increasing demand for healthcare services during the pandemic.

It will be interesting to see how these