Warren Buffett’s Berkshire Hathaway (BRK-A, BRK-B) revealed new positions in three US homebuilders on Monday, sending shares of each company higher as the billionaire bets on the US housing market.
Shares of D.R. Horton (DHI), Lennar (LEN), and NVR (NVR) all rose on Monday after Berkshire revealed the new positions in its latest 13F filed with the SEC. D.R. Horton and Lennar stock rose more than 2%; NVR stock was up more than 1% following the news.
Berkshire’s biggest new position is in D.R. Horton, with the firm holding nearly 6 million shares of the homebuilder worth more than $720 million as of June 30. Berkshire’s holdings in NVR tallied closer to $70 million, with its position in Lennar coming in at around $17 million as of the end of Q2.
These were the only three positions initiated by the firm during the quarter.
In the second quarter, D.R. Horton stock rose 24% while Lennar gained 19%. Over the same period, the iShares US Home Construction ETF (ITB) closed up 21%, outpacing the…
2023-08-14 17:02:04
Original from finance.yahoo.com
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