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Berkshire Hathaway sold all of its shares of Snowflake and started a $260 million position in Ulta Beauty. Here's why

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Warren Buffett's conglomerate Berkshire Hathaway released its updated stock holdings for the second quarter of 2024 .

The company sold all of its shares of Snowflake (NYSE : SNOW ) and started a roughly $260 million position in Ulta Beauty (NASDAQ: ULTA ) But both of these moves make perfect sense for Buffett to swap out Snowflake for Ulta .

Snowflake stock may be changing for Snowflake, and this may have contributed to Berkshire selling.

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https://www.fool.com/investing/2024/08/21/warren-buffetts-berkshire-hathaway-sold-snowflake/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=0f41c975-66b3-4681-80c0-c525374aa916https://ycharts.com/companies/SNOW/chart/https://www.fool.com/investing/stock-market/types-of-stocks/ipo-stocks/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=0f41c975-66b3-4681-80c0-c525374aa916https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=d7d2120f-580c-40ec-9111-7007959f2164&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26amp%253Bsource%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_yahoo%26ftm_pit%3D13885&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=0f41c975-66b3-4681-80c0-c525374aa916https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=d7d2120f-580c-40ec-9111-7007959f2164&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010895%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D13885%26ftm_veh%3Darticle_pitch_feed_yahoo%26company%3DUlta%2520Beauty&utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=0f41c975-66b3-4681-80c0-c525374aa916https://www.fool.com/author/2631/https://ycharts.com/companies/ULTA/chart/https://www.fool.com/legal/fool-disclosure-policy/https://www.fool.com/investing/2024/08/14/warren-buffett-has-built-berkshire-hathaways-cash/?utm_source=yahoo-host-full&utm_medium=feed&utm_campaign=article&referring_guid=0f41c975-66b3-4681-80c0-c525374aa916

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