Berkshire Hathaway Inc (BRK.B)

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3 Surprising Stocks Warren Buffett Recently Bought
By: Barchart | September 7, 2023

Warren Buffett is widely regarded as one of the most successful investors of all time. His company, Berkshire Hathaway (BRK.B), owns a diversified portfolio of stocks, ranging from technology giants like Apple (AAPL) and Amazon (AMZN) to consumer staples like Coca-Cola (KO) and Kraft Heinz (KHC).

However, in the second quarter of 2023, Buffett and his team made some noteworthy moves in the stock market. Berkshire reduced its overall equity exposure by selling shares of some of their top holdings, such as Bank of America, Chevron, and Verizon - and even scaled back their own share repurchases. But Buffett's firm also bought shares of three homebuilder stocks during Q2: Lennar (LEN), NVR (NVR), and D.R. Horton (DHI).

Why would Buffett invest in these homebuilder stocks, despite a challenging market with mortgage rates lingering near 22-year highs? Buffett may see value in these stocks, as they trade at low price-to-earnings ratios and have strong growth prospects - and moreover, the billionaire may anticipate a rebound in the housing market, as the demand for new homes remains high and the supply of existing homes is low.

Here's a look at all three stocks right now, and what investors can glean from Buffett's buy-in...

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