Warren Buffett's Berkshire Hathaway (NYSE:BRKa) made a few interesting moves in the second quarter, according to the firm's 13F with the SEC after the close of trading Monday. The most interesting trade was adding new positions in three homebuilders.
Berkshire showed new stakes in homebuilders D. R. Horton (DHI), Lennar Corp. (NYSE:LEN), and NVR, Inc. (NYSE:NVR). The position in D.R. Horton Inc (NYSE:DHI) was by far the largest at 5,969,714 shares. The firm also owns 152,572 share of Lennar and 11,112 shares of NVR.
The position is interesting as homebuilders have been facing a wave of higher interest rates which has slowed the homebuilding frenzy. Perhaps the new stakes in a bet that interest rates will fall and the home buying frenzy will resume.
In addition, Berkshire added to its Capital One Financial (NYSE:COF) and Occidental Petroleum (NYSE:OXY) stakes. COF goes from from 9,922,000 shares to 12,471,030 shares. OXY from 211,707,119 shares to 224,129,192 shares.
The firm also lowered its stake in Activision Blizzard, Inc. (NASDAQ:ATVI), Celanese (NYSE:CE), Chevron Corp. (NYSE:CVX), General Motors (NYSE:GM) and Globe Life Inc. (NYSE:GL), while liquidating stakes in Marsh & McLennan Companies Inc (NYSE:MMC), McKesson Corp. (NYSE:MCK), and Vitesse Energy Inc (NYSE:VTS).
Berkshire maintained its 915,560,382 share stake in Apple Inc. (NASDAQ:AAPL), by far its most valuable position.