Berkshire Hathaway has acquired over 5 million shares of UnitedHealth, creating a $1.6 billion stake, which may be one of Buffett's last major moves as CEO. The investment coincides with significant market movements, showing a 10% increase in UnitedHealth's shares. The healthcare giant has struggled recently, especially after the death of its CEO, prompting Buffett's value-driven approach to capitalize on perceived undervaluation. Additionally, Berkshire reduced its Apple stake and revealed new investments in DR Horton, Lennar, and Nucor, indicating ongoing portfolio rebalancing ahead of Buffett's retirement.
Warren Buffett's Berkshire Hathaway acquired a stake in UnitedHealth worth $1.6 billion, marking a significant move as Buffett approaches retirement.
Buffett's investment in UnitedHealth comes as the company faces challenges, including the aftermath of its CEO's untimely death amid falling stock prices.
Berkshire also reduced its Apple holdings by 7%, reflecting a broader strategy of portfolio adjustments as Buffett's tenure at the helm nears its end.
The 'Buffett Effect' contributed to a 10% surge in UnitedHealth's stock after the announcement of Berkshire's large investment in the health insurer.
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