Firm took stakes in Lennar and D.R. Horton and slashed position in Activision Blizzard
Warren Buffett’s Berkshire Hathaway Inc. BRK.A, +0.05% BRK.B, +0.04% took new stakes in home builders, bulked up on Capital One Financial Corp. and backed away from Activision Blizzard Inc. in the second quarter, according to quarterly disclosures filed on Monday.
The firm took new stakes in home builders D.R. Horton Inc. DHI, +0.22% — with nearly 6 million shares, or some $726 million worth — and snapped up 152,572 shares of Lennar Corp. LEN, +0.52%. It also bought 11,112 shares of NVR Inc. NVR, +0.03%.
Shares of D.R. Horton were up 2.8% after hours. Lennar added 1.7% after the bell.
Buffett also fattened his stake in Capital One COF, -1.11% by around 26%. Shares of Capital One crept 0.6% higher after hours.
However, he slashed his stake in Activision Blizzard ATVI, -0.46% by some 70% and offloaded a big chunk of General Motors Co. GM, +0.53% as well. Berkshire also trimmed its stake in oil major Chevron Corp. CVX, -0.07%.
Shares of Activision Blizzard and GM were unchanged after the close on Monday.
Berkshire also dumped its stake in drug distributor McKesson Corp. MCK, -0.47%.