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Warren Buffett’s Berkshire Hathaway acquired small stakes in beauty retailer Ulta Beauty and electronics and aerospace company Heico last quarter, according to its latest 13F regulatory filing. The Omaha-based conglomerate announced investments of $266 million in Ulta Beauty and $186 million in Heico. These holdings are relatively small for Berkshire, which has a stock portfolio valued at more than $300 billion. Buffett’s lieutenants Ted Weschler and Todd Combs, who each manage about $15 billion in stocks, are likely behind the new holdings. The Oracle of Omaha’s Berkshire surprised many earlier this month when it disclosed in its earnings filing that its Apple stock holdings were worth $84.2 billion at the end of the second quarter, suggesting that Buffett sold more than 49% of his stake in the iPhone maker. The 93-year-old investing legend has been selling stocks aggressively, dumping more than $75 billion in shares in the second quarter, boosting Berkshire’s cash pile to $277 billion, a record for the group and more than the full-year output of countries like Portugal and New Zealand. Buffett also began selling Bank of America, its second-largest holding, in July, but the third-quarter trades were not reflected in Wednesday’s 13F filing.
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