Berkshire reveals stakes in Ulta Beauty, Heico as it retreats from Apple

(Reuters) - Warren Buffett's Berkshire Hathaway (NYSE:BRKa ) acquired stakes in cosmetics store chain Ulta Beauty (NASDAQ:ULTA ) and aircraft parts maker Heico during the second quarter, when it also significantly cut its huge stake in Apple.

Berkshire owned about 690,000 Ulta Beauty shares worth $266.3 million and 1.04 million Heico shares worth $185.4 million as of June 30, according to a Wednesday regulatory filing containing its U.S.-listed holdings as of that date.



The quarter reflected a big retreat by Buffett from stocks, with Berkshire selling about 390 million Apple shares (NASDAQ:AAPL ), or nearly half its stake.

Berkshire sold $77.2 billion of stocks in the quarter, primarily Apple, and bought $1.6 billion.

Source: Investing.com