Berkshire Hathaway Sells Snowflake, Buys Ulta Beauty
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Berkshire HathawayThe Motley Fool
•Berkshire Hathaway sold all of its shares of Snowflake and started a $260 million position in Ulta Beauty. Here's why
67% Informative
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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