News Summary

• Those stakes were valued around $1 billion and $89 million respectively at the end of March.Berkshire held 400 million Apple shares at the end of June, mirroring its Coca-Cola stake.
• The company foreshadowed its Apple sales in its recent second-quarter earnings, which revealed the value of its largest portfolio holding fell from $135 billion to $84 billion last quarter.
• The conglomerate purchased about 690,000 Ulta shares, securing a stake in the cosmetics retailer worth $266 million at the end of June.
• Warren Buffett's company placed new bets on Ulta Beauty and Heico, exited Snowflake and Paramount Global, and halved its Apple stake last quarter.The famed investor's Berkshire Hathaway detailed the striking changes to its stock portfolio in a regulatory filing on Wednesday.
• Ulta and Heico were both down by about a third this year at Wednesday's close, with the retailer valued at just under $16 billion.Ulta sells both mass market and prestige cosmetics including Rihanna's Fenty Beauty, fragrances, skin care and hair care products from about 1,400 stores and online.
• Buffett's company ended June with an unprecedented $277 billion cash pile, including $235 billion in short-term Treasurys — more than the Federal Reserve holds in T-bills.