Warren Buffett's firm invests in the biggest homebuilders while reducing GM stake in portfolio moves
Read full article: Warren Buffett's firm invests in the biggest homebuilders while reducing GM stake in portfolio movesWarren Buffett’s company appears to be betting on the housing market picking up because Berkshire Hathaway bought more than $700 million worth of homebuilder DR Horton’s stock this spring along with smaller stakes in fellow builders Lennar Corp. and NVR Corp. Berkshire revealed those new investments Monday in a quarterly filing with the Securities and Exchange Commission that shows the conglomerate’s holdings as of the end of June.