Berkshire Adjusts Portfolio Amid Market Gains

U.S. equities experienced significant gains, with the S&P 500 rising 1.6%, the Dow 1.4%, and the Nasdaq 2.3%, driven by strong retail spending data and robust earnings from Walmart. Ulta Beauty's stock surged as Berkshire Hathaway disclosed a new stake, while Berkshire also invested in Heico. Conversely, Berkshire significantly reduced its Apple holdings by nearly 50%, selling 390 million shares. The conglomerate's major portfolio adjustments also included exits from Snowflake and Paramount, alongside reductions in other holdings. Despite these sell-offs, Berkshire's portfolio still reflects confidence in the long-term potential of selected investments. The moves indicate Buffett's cautious yet selective investment strategy amidst economic uncertainties.