That's because Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B)
That's because Warren Buffett's Berkshire Hathaway (BRK.A, BRK.B) has added more of the stock to its portfolio. A regulator filing from the conglomerate showed Buffett's firm owned 5 million shares of UnitedHealth valued at around $1.6 billion at the end of the second quarter.
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Berkshire has been buying UnitedHealth stock since the fourth quarter, when it requested that regulators allow it to make those purchases in secret to avoid a price jump.
But UnitedHealth—whose shares rose 10% at the opening bell—was not alone in getting the "Buffett Bounce." Shares of homebuilder D.R. Horton (DHI), Lamar Advertising (LAMR), and steelmaker Nucor (NUE) all advanced as Berkshire took new positions in those companies.
The filing also showed Berkshire sold off its investment in T-Mobile US (TMUS), and reduced its stakes in long-time holdings Apple (AAPL) and Bank of America (BAC
